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Sunday, January 3, 2010

How to Buy a Cheap Car - 5 Strategies to Buy Cheap Car

By Steve Simpkins

Do you know how to buy cheap car? This article will explain 5 strategies you might want to employ.

Your car says a lot about you. It tells the world what your personality is (a different breed of cat drives a Prius than Hummer) and what kind of car you can afford. It is a big investment and is worth the time to find out the best way to buy cheap car.

The dealer has a bottom line. They must make a sale at a certain price in order to make a profit. So, the first step in buying a cheap car is to know just how far you can push the dealer. To do this, you must gather the important information before you ever step foot in the show room.

Next, look for the rebates the manufacturer is offering. These don't affect the dealer's bottom line, so they will be more than willing to help you maximize your incentives. Because of the recession, buyers are not flocking to car dealerships, so manufacturers are offering great rebates and cash back offers.

Third, consider buying a new car that is last year's model. As the new year's models come into showrooms, dealers are anxious to clear last year's off the lot. As a result, you can buy a cheap car brand new.

If you are just looking for a cheap new car, try leasing it instead of buying it. A 3 year lease will let you get a new car every 36 months. This generally works out so that you pay half the price in monthly payments compared to buying that same car new.

There's nothing cheaper than free and if you live in a big city or near a college campus, you can often get a new or late model car for absolutely nothing. The trade off is that an advertising company will wrap your entire car with an advertisement. There are two different ways this happens. The first is that you get a free car to drive around and the second is that you get an allowance to drive around your new or late model car.

So, there are 5 ways to buy a cheap car. - 21392

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