Sunday, February 1, 2009

Budget tips for buying and maintaining a car

Budget tips for buying and maintaining a car

I had that problem and I can give some very helpful tips:

1) Look in the autotraders, the automarts, their websites, and websites like www.cars.com, www.autoextra.com, etc.
Looking in these, help you get a good broad price range, and what car you would like to get for that price.

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2) Don't buy from a dealership

You should never start off buying from a dealership because if you have bad/no credit, which as a young teen you often don't even have a credit card, you will be hacked away with more garbage prices.

3) Just like tip 2, buy from auctions or private sellers

Often, private sellers are your best hope because they are obviously trying to get rid of their car, and for the most part are honest about everything, and they will bargain down on the price.

For the Auctions, make sure you bid the maximum amount of cash that you have saved up, and bid on the cars that have low miles. The only down side of auctions is that you can't check the cars engine, or the condition of it on auctions, so you might get stuck with a bucket.

4) Save up before you buy

What's always good is to pay off a car straight up, because it makes the dealership happy, yourself happy, and so forth. Also, if you don't plan on paying it off right away, having 1, 2 or 3 thousand dollars on deposit money, really takes a chunk off the price, and your back. Since the price cut, you now don't have to borrow so much from the loan, so you can pay it off faster.

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5) Think smart for your car

Some people make the mistake of buying a old BMW, or Audi with lots of miles for a cheap price of 2-5 thousand dollars. Never buy a german car, or expensive foreign car when its old or has lots of miles, or better yet for your first car if your broke. The parts are ridiculasly expensive, and you'll need extra care and extra bucks for the maintence of these high end sports cars.

For anyone, i recommend a early 90's Honda Civic, or Accord. Even with 150K on them, they run strong until around 200,000 or more miles, they just need regular maintence. Also a problem with these cars is rust, which of course should be normal since they are in the early 90's, so there should be no suprise there, but a bondo and cheap paint job will run you 300-500 bucks and your problem is solved. Thank you

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Budget tips for buying and maintaining a car

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