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Wednesday, March 7, 2012

How To Buying A Car Without Spending A Lot

Are you on a budget? Most people are cost conscious these days; gasoline prices are higher than ever before. Are you looking to buy a car without spending a small fortune? It is difficult to find a car for sale that is affordable yet still reliable but that doesn't mean that it is impossible. Here are a few tips to help you find a reasonably priced vehicle.

The easiest way to find a lower price on a car is to sacrifice a few things that you absolutely want but don't necessarily require. Sure you may want a black car or one that has a CD system but you can surely live without these specifics. Things such as color, style and amenities are flexible and may need to be compromised depending on your budget. Strip all of that away and you are left with a bare bones car that is very affordable. It's also important to do research online so that you don't get price gouged during the negotiation process.

Go online and use a site such as Kelly Bluebook in order to determine the actual value of cars that you are considering buying. Also type the year and make model into the Craigslist "For Sale" search engine in your locality. This will give you a good idea of how much a specific model and make is going for depending on whether the seller is a dealer or a private party. Use this knowledge in order to drive the price down. Simply tell the salesperson that his or her competitor in town is offering the same car but at a lower price. Most sales people are willing to negotiate if you show them a local dealer offering a better deal.

Auctions are another option to explore if you are short on money. Cars at auctions may be previously government owned while others may have been seized by law enforcement. The advantage of buying from a vehicle auction is that prices tend to be extremely low. However, these cars may not be in the best condition and have mechanical issues and the drawback is that they generally don't come with a guarantee. Auctions may be a good deal if you are handy with cars or are close friends with a mechanic.

Efficient cars are currently in very much demand; this means that you will have to pay a much higher price if you are looking for a hybrid or a traditional car with mpg. However, you will be able to offset this initial cost by fuel savings.

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