Buying used can save you thousands!
Buying a new vehicle is always an exciting venture, but it’s normally associated with a hefty price tag. And even worse, in most cases, the minute you drive that vehicle off the lot, it loses a solid chunk of its value. So if you’re looking for a vehicle that’s new to you, buying something used is a great way to save thousands and still get just what (or even more than) you’re looking for.
Getting a used vehicle doesn’t mean you need to settle. Sure, you can find a Toyota Camry or Honda Civic, and it will provide you with years of hassle free driving. However, if you’re looking for a little excitement, there are still plenty of great bargains out there to be had.
Being comfortable going to a private seller (especially on Craigslist) is a big plus, as they don’t have the markup normally associated with a dealership. Stopping by your financial institution for a loan can help you figure out how much you can afford, and better yet, you could have the cash in hand to make the deal when you choose.
There are plenty of lists that show you what $10,000 can get you. On AutoTraders’ list, you can find a MINI Cooper (2007), a vehicle known for its quirky personality and fun driving manners. Its unique design doesn’t hurt either.
AutoBytel listed the Ford Crown Victoria (a 2010 model can be yours for under $10,000), a great vehicle for those looking for a roomy cabin and excellent highway companion. You can even spring for a 2008 Infiniti G35. Popular Mechanics did their own list and they found a 2000 Chevrolet Corvette (new models sell for over $55,000) and the BMW Z3 sports car.
US News has their own list dedicated to more recent models you can find under $10,000, and a few of them include the 2009 Scion tC, the 2009 Hyundai Elantra, the 2010 Nissan Cube, and the 2009 Pontiac Vibe.
A vehicle you previously thought was out of your price range may be closer than you think if you do your research. Regardless of which model you choose, start with the right auto loan, and you’ll be on your way to saving money while driving a vehicle that’s new to you.Used with Permission. Published by IMN Bank Adviser Includes copyrighted material of IMakeNews, Inc. and its suppliers.