4 Tips for Saving Money on a Used Car

Looking to get a used car on a budget? Here are some tips for saving money.

Year Matters

Older cars cost less. By getting an older model, you can save a significant amount of money. This is also true if you get a year-old car instead of a new one; it will bring down the cost by a significant amount.

Size Matters

Consider getting a smaller car. They usually cost less. In addition, insurance is usually cheaper for smaller cars. Other things can be taken into consideration as well. For example, cars with automatic gear controls will often cost more than cars with manual gear.

Skip the Add-Ons

Some add-ons, such as a warranty, will save you money in the long run. However, many add-ons are not necessary. Think about what you truly need and do not get the things that you have no real need for.

Be Honest About Your Budget

When budgeting for a car, be honest with yourself. Know how much you can really afford. Take into account the costs of car maintenance and gas. Draw up a budget and figure out how much of your monthly take-home pay you can spend on car payments and maintenance. Knowing how much you can afford upfront will spare you from spending too much later on. At the same time, keep in mind that a car that is slightly more expensive may end up costing less in maintenance fees in the long run. 

Looking for a high-quality affordable used car? Contact us today for help.