3 Strategies To Avoid Cringe-worthy Debt When Buying A Newer Car
Monday, May 22, 2017, 6:00 PM | Leave Comment
All vehicles break down, wear out or become obsolete. Eventually, you must either spend ever-increasing amounts of money on repairs and upgrades or replace your vehicle with something newer.
You don’t need to go into extreme debt to purchase a newer car.
Follow these tips to keep the cost low.
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Buy A Used Vehicle
Some drivers get so obsessed with having a brand new car that they forget that plenty of people take care of cars so well or trade vehicles so often that new and used car dealerships have a lot of cars that look, feel and even smell brand new.
You can often find a newer vehicle that has never been in an accident or damaged in any way at a much lower cost than a brand new one.
A used car might also be a great choice if you’re struggling with acquiring financing to make the purchase.
Some used car dealers offer extremely low-interest “second chance” loans to people who have bad or no credit and a current steady income.
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Negotiate A Lower Price
The price of a vehicle isn’t set in stone. Whether you’re dealing with a dealer or an individual, you should always attempt to negotiate a lower price.
Dealers often reduce prices for students, teachers, veterans, active military members, emergency responders and parents. They typically match competitor offers.
If you’re a patient with a health problem who needs a vehicle for travel, you might negotiate a lower price if you’re unable to find a car through a charity that provides vehicles free or at incredibly low prices.
You can negotiate a better, less-expensive deal with individuals as well sometimes by pointing out cosmetic damage.
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Visit A Junk Yard
You may consider buying a car that is newer or still in good condition, but just needs some minor maintenance to get it back on the road.
You can visit places like U Pull & Pay to find parts that you may need.
If you want to get rid of your existing car, you can also recoup some of the money spent on a used vehicle and parts by selling your car back to businesses that work in parts, and then you can get a cash return on it.
It doesn’t matter if you need a newer car now or later. You can use these money-saving ideas to make the cost more manageable at any time.
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