I had it for 2 years almost 3....a 1992 Ford Tempo...now I need more transportation....what tips do you have for me to save money for another used car?
2007-12-23 01:48:56 · 2 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
1. DO NOT buy from a dealer. Dealers NEED to sell for more than they buy for. A PRIVATE sale is better for both the buyer AND the seller.
2. Have you talked to an INDEPENDENT garage about the MINIMUM amount of repairs to keep your current car running? Statistics show it is nearly ALWAYS cheaper to repair than to replace whatever you are driving.
3. If you can't afford to pay CASH, you can't afford the car, no matter how much you need one.
2007-12-23 04:42:59 · answer #1 · answered by STEVEN F 7 · 1⤊ 2⤋
My advice would be to
Get Pre Approved for financing so that you don't buy a car with a 20% interest rate. If you belong to a credit union or have one in your area check with them. If not go to capitalone.com and go to the auto loan section on that Site. You can get pre-approved for an auto loan online at a low rate. Once you are approved, they send you a blank check for a set amount of money that you can use to buy a car with.
If you are buying a used car, have it checked out first with a mechanic and get a carfax vehicle history report so you'll know that the car has not been in an accident or has other problems with it.
Once you find a car, don't fall for the line that "someone else is also interested in the car so you better buy it now".
Once again make sure you have any used car inspected by a mechanic first. If you don't know of a good mechanic then ask a friend, relative, or co-worker. I am sure that they can recommend someone to you.
Bring a friend or a relative with you to help you negotiate a lower price then the price that they are asking for.
2007-12-23 02:58:09 · answer #2 · answered by Anonymous · 1⤊ 1⤋