How To Buy Cheap Cars

By Lyn Henderson

There is a lot more money that is put into a car than just the original purchase price. To buy cheap cars is not just original purchase price. There are several things to consider when buying a car. Many car dealers will not disclose to you what is important when determining the actual cost of ownership.

Although Toyotas' and Hondas' are more expensive to purchase upfront the cost of ownership is much less. These types of cars require less maintenance. These types of cars rarely breakdown and are very cheap to own.

There are other fees associated with buying a car. If you are buying a car from a dealer make sure that you understand the fees. There are additional fees including dealer doc prep, taxes, title and licensing. Before you buy the car call your local government agency and make sure you know the actual costs of these fees.

Check your local bank or credit unions rates before you talk to a dealer. Take a print out of the current rates so you have written proof of current rates. Dealers will get a kick-back from the lenders by increasing the interest rates.

Dealers pay about average trade for their vehicles. The condition of the actual car and the title will determine the dealer value. If the car has very little reconditioning the car will yield more money at the auction.

Make sure you look at the depreciation of the vehicle. If a car depreciates rapidly it is not a good buy. The older the vehicle the less it will depreciate. Toyotas and Hondas depreciate very slowly but Kia and some American made brands have very fast depreciation. - 21392

About the Author:

lyn henderson writes articles for cheap cars cheap and about used cars