Posts Tagged ‘cheap cars’
Save Money WIth Used Cars
The key to making big savings is to cut back on the biggest expenses.One of the largest of these expenses is the family car. Not many people truly understand the expense of owning a car.
Let’s look at how this works. If you’re buying a new car that you finance, you have to pay full price and then some (because of interest). You also have to pay for full insurance on the car, which isn’t cheap for a brand new car.Maintaining the car is yet another expense. This all adds up quickly.
Compare all this with something such as a sub $1000 used car. You’ve just spent less than a grand on the car, which is thousands and thousands less than anything new. Even if you spend $5000 you’re still coming out way ahead.
You insurance is now much cheaper. Since your car is so cheap, you only need the minimum level of insurance required by your state law, which will save you money every month.
This might not seem like the best plan to many of you since it seems like an old car like this would break down constantly.It doesn’t have to be this way. In order to get the most reliable car for my money, I prefer to go with older imports such as a used Toyota. These are very reliable, lasting hundredes of thousands of miles.
To find old cars, look through used car listings and auctions, which will yield you a large selection to choose from.Be sure that you investigate the background of any car you’re looking at before you pull the trigger.
If you are willing to drive an old, beat up car, you will be shocked at how much money you can save. Driving an old, cheap car really helps free up your budget while still fufilling the basic task of getting you from place to place.Think about it, you might just be on the path to freeing up your finances more than ever.