How to Find a Vehicle That Fits Your Budget
If you have ever needed to purchase a vehicle during a time where you were experiencing a budget crunch, than you know how difficult it can be to find something both reasonably priced and reliable. Don’t worry though, as there are ways you can obtain quality for an amount that won’t make you lose sleep at night.
The Internet is a fantastic tool when you are searching for a vehicle. Having had to purchase a new vehicle myself last year, I know that you can find some excellent deals on Craigslist.com. If buying from an online source, you should never make a purchase without having the car fully examined. Always ask for a CarFax History Report if you are buying through a dealer. If you decide to purchase from an individual owner, make sure to take the car over to your mechanic to have the vehicle inspected. In the scenario that either request is denied, it is time to keep searching.
Supposing you are looking for a fixer upper, Craigslist is a great place to find used vehicles for low prices that have a few minor problems. In many cases, it will not cost too much to fix the problems and you will have a car for much cheaper. For instance, if there is a vehicle being sold for $500, but needs repairs that total $300, it is a good purchase; you get a dependable vehicle that fits into your budget and it only cost you $800. You would be surprised how many choices you will have if you go this route, though it is better suited for individuals who are not unfamiliar with caring for a car.
Another issue I have run across when searching for a vehicle is the lack of competitive prices. If you live in a small town where there are very few car dealerships than you will not get a deal that fits your budget. This is because the dealers know that you do not have many choices. The best thing to do in this situation is to go to a larger town or city. The more dealerships there are in a given area, the better chance you will have at finding a deal to fit your budget. The vendors in larger areas are aware of their surroundings and know that if you do not get the price you want, you can just go to another location close by. The amount of competition is what drives prices. The more competition the better the deals and the better the deals the better your chance at getting the vehicle that fits nicely with your budget.
Once you do find the vehicle you wish to purchase, you must then be very clear and firm about what you can afford, as a dealer will do their best to talk you into a payment you cannot afford. Do not budge on your original amount. If they want your business bad enough they will bend to your will. During this time it is also smart to talk interest rates. Moreover, I recommend you to do research on your own to determine the best car loan possible, as prematurely pulling the trigger may lead to regrets down the line. Even if it takes you all day, do not leave the dealership until the dealer has exhausted every possibility when it comes to the finance company you will be using to get your vehicle. Once they see that you are serious and firm in what you are telling them, they will do all they can to get that sale closed.
So to sum it up, stay firm, stand your ground, and examine all possibilities and examine any vehicle carefully before you make your purchase. It may take some time and hard work, but in the end you will find the right vehicle for you and your wallet.