Keep scouring Craigslist. The problem with Craigslist is consistency. I agree. You don't find cheap cars, cheap cars find you. Getting the higher trim packages and adding things on ("It's just another $10 a month...") is where you get bled dry on new cars. Assuming petrol is $1/litre (USD), and you use 6L/100km, $31000 will pay for 516000km (320000 miles) of fuel. Where are you located? It seems to me that with higher end cars - you DO NOT get what you pay for in terms of the car lasting longer, or having less maintenance issues - so is the same true for a cheap car like this? People who are cash buyers are not often willing to spend that much money om a pure cash deal. And even if you are buying from a “one price” dealership, feel free to ask the salesperson to throw in a deal sweetener like extended warranty coverage. 109k original miles. Just look at the price to you and how it compares to new. It’s a good idea to learn about the pros and cons of dealerships, used-car lots and private and online sellers before you start shopping around. I’ll be downvoted because most people will compare the upfront cost to the upfront cost of other cars, not realizing how much more cheap the Tesla is over 10 years. Finally, remember that you are buying a used car to save money, but there is a reason it is cheaper than a new car. Invest in quality — as in long-term quality. Do check for reliability of specific models. Buying used is almost always cheaper than buying new. The recipe is amazingly simple: Put condition first. Many people shy away from purchasing used rental cars because of the increased mileage, but I think the deep discount more than makes up for it. I just bought a 2000 F150 Lariat with only 113,000 miles on it for $2400. Dependable Choices for Car Shoppers on a Budget. Yup. Find a car you like, get some new car price quotes from competing dealers and then head to the dealership with the lowest price. So I got that. There are many cars on the used market that are over 10 years old and cost less than $5,000. Our current cars: I have a 12 year old miata. Be realistic when it comes to price. Engine runs strong and trans shifts beautifully. Need a cheap car? Enthusiasts often want to sell to enthusiasts and so Facebook groups are a great way to find cars looking for a new home. I want that cheap one advertised on your website. Press J to jump to the feed. I bought a 2001 Maxima in running, driving shape a couple months ago for $250.00 on Craigslist. Towards the end of the month, the worse salesmen there will start to get desperate, and because new car dealerships focus more on unit numbers than gross, they often won't mind walking you through their "boneyard" to take some of the junk off their hands. On the other hand, a “slightly-used” car – one that’s only around two years old and has under 30,000 miles on it – can help you keep cash in your pocket without sacrificing quality. Even walmart charges me extra fees to make it the same price. You wont get love for a Tesla in leanfire, but Chevy Volts, particularly 1st Gen ones are a great value. A car might through a warning light just as you leaving the dealership, and you are at the mercy of the good will of the dealer. When buying a used car, always ask the buyer questions about the service history, previous owners and past repairs. sold within 1 hour, I called him at 40 min. When you say CL turned up nothing - nothing cheap or nothing good? The graphic indicates that if you buy new and keep that ride for 20 years, that will cost you less than buying a three-year-old used vehicle that you drive for 15 years. Depending on where you go, car … Most people don't find it's worth the hassle or the risk. Why? 2011 Ford Fiesta bought new for 15k, now can be bought new for 12 or 13k. When we searched for used cars at these three rental car companies, we found many cars priced $2000 to $5,000 under the listed Kelley Blue Book value. Very little maintenance, all done by me at low cost and change the oil every 10k with mobile 1. Pretty good looking on the outside with minor rust. I am in Los Angeles and I want to get into flipping cars. Fans of automobile auctions who are looking for a dealership that brings in all the best facets of wholesale stores and… A cheap subcompact may not fit your needs in the future if it is too small or too noisy. Here’s the deal: Buying a used car might save you upfront money, but it may cost you a lot more over the long term. Craigslist turned up nothing. see i'd like to do this, but if I were to pay near 10k, I'd almost just want to spend the extra 2 or 4k on the brand new one.. Bought a Yaris 6 years ago for my daughter. The Mazda RX-8 never really garnered the cult following of its predecessor … Keep your eyes open. I've known a few people who bought the "old woman" car that is 15 years old with unbelievably low miles, only to have a catastrophic failure months later. Expand your search to less popular makes and models. The car had about double the miles of a typical used 2017 model but was about 30% cheaper. Carmax once offered me 11k for my car, then I saw they were selling the same exact car with 10k more miles on it for 17k... That's quite a vacuum job they must have done. I bought a 2009 Honda fit sport (MT) for $4800 last year. The honeymoon didn’t last long, though — or really at all — because this BMW’s fuel pumps are now beginning to leak into the evaporative emissions system. That's not how it works. I have absolutely no idea what these people do for a living that they can drop everything and go buy a car in the middle of the day on a Wednesday but that's the reality of the situation. Updated Feb. 1, 2018 (12 photos) All the fixes mentioned are pretty easy but might deter people looking for plug n play. The out-of-pocket cost of buying a used car is $5,547 cheaper than leasing and $8,131 cheaper than buying a new car. Plus, 100 free tow miles& lock out services for car&home. Facebook for sale groups have some crazy good deals if your willing to jump on things quickly. People always ask me about buying a used car from Craigslist for their kid or whatever, but they want low miles, mint condition needing no work and they want a smoking deal on top of it. Shopping for a used car gets a little more complicated. I'm in NY and I was looking for a decent manual car. I drive my cars till they die. Meaning you check every day and jump on any good deal, don't be picky. Over the last 90 days, used-car prices have fallen by 1.7%, according to car-buying site CarGurus. If you are purchasing a used car from a dealership, it's going … You have to be on top of it, set up alerts. However, many are not worth buying. They also tend to be meticulously maintained as the rental company will service/inspect the car much more frequently than a private owner would. - Buy a used car from someone on Craigslist: I'm a cynical man, and get the feeling a lot of people sell because they know about some intermittent problem that the new buyer won't see until later. Once that was done, they've been basically equal in terms of maintenance. ... stress free car buying experience. Pros: Perfect condition: The car will only have a few miles on it and you are its first owner. I've spent maybe 600 total on parts for repairs or minor things over the years. Eventually you'll see the $200 Escort of your dreams. 2016 smart fortwo Learn more. When you're shopping used, you can buy from a whole slew of places -- a new car dealership's used car inventory, an independent dealership, a massive used car … ... over 30 million shoppers use CarGurus to find great deals on used cars and new cars in their area. Eventually you'll see the $200 Escort of your dreams. I've had it almost five years. Press question mark to learn the rest of the keyboard shortcuts, 70 C20, 87 Daytona Shelby Z, 94 Integra GSR, 97 Burb. These 10 cars, chosen by Autoblog.com, are used bargains that you can buy for less than $5,000. Financing Options for Used Rental Cars. If you stick with the base models and don't add things on, it's competitive. It has a few dings already. Bought current car in 2011. There are good deals on good cars on CL, but you have to wade through a sea of shit to find them. I can then go fix it myself before it becomes a major problem. They also prominently advertise a special college … I had to have my 2013 fiesta repaired 2x a year for the first four years because of a jerky transmission that would occasionally hesitate in potentially life or car-threatening moments. Want the best $3,000 car your money can buy? and he already had multiple people coming over. Hyundai has two nice options with the Elantra which is about 16k and the Kona being around 18k which isn’t bad for an suv. Car Buying Guides > 10 Good Cheap Cars For Teenagers Under $10,000; 10 Good Cheap Cars For Teenagers Under $10,000 Back; Page 1 of 11 Next; Next Article; Share; Tweet; Cars featured in this article. I recommend thinking for the long term too. I have $15,000 saved and I to invest. It is the same price for the type of oil here everywhere. It's mostly true because they are very simple vehicles without a great deal of technology in them plus massively detuned engines that are not under a great deal of stress. Keep scouring Craigslist. Unless you’re buying a used car from a dealership that doesn’t allow haggling, never pay the asking price. 30-40 electric miles and the freedom to road trip for 10-12k. Used Cars: Lower Price Tag, Less Depreciation If you decide to buy a good used car, in my opinion you might as well spend a little more to mitigate the risks of car repair, etc. I'd still check Craigslist for good deals first, but you have to be ready to spring into action at any moment with those listings. I actually have checked and I get an absurd 36/city and 41/hwy. Enterprise, Avis, and Hertz all offer financing for purchasing rentals. Consumer Reports explains what you need to know. Because racecar. The best deals are the ones that are never advertised on the open market: Friends/Family/Coworkers. One thing I do though is I take it to dealership for oil change. How to Negotiate for a Used Car. Includes free carfax review and a discount on 120pt check at dealership. Edit: splurge on AAA premier card during your search. /r/Cars is the largest automotive enthusiast community on the Internet. It was at an in-state dealership- much, much easier to deal with than your typical CL seller. I wish I could see what CL might be like if all those cars wouldn't have gotten disabled. Then you ring their doorbell and offer them like $200 bucks to get rid of it for them. Buying a new car is wonderful if you can afford one: no need to worry about major repair costs for at least 3-5 years, you look neat on the street, not to mention that pleasant new-car smell. You just need really low standards and be ready to jump on a deal when it pops up. It would only be used for someone to get to work and back - about 1 hour each work day. Sometimes I see people blame their area. Plus they really hold their value. Maybe because there is very little traffic in my mid size city. Before I went I had checked into financing and knew there was a special .1% financing option. Surprisingly (at least for me), Cars.com worked great. I'm going to destroy it circle track racing this summer. I will fix most problems myself, but I don't want to be laying in my freezing drive way wondering if I'll be able to get to school or work. I got the dealership to sell it to me at cost. Just because they make a profit on trade-ins doesn't mean that it's still not best to buy from them. Great condition with maintenance records. They get it done. We analyze millions of used cars daily. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Someone did the math and you get the most out of your money from low mileage used cars. The cheapest new Tesla price I can find is a $45000 model 3 (I'm not sure if they've actually delivered any at that price, but they're advertising it). Started increasing the search radius until I found what I wanted. Looks like you're using new Reddit on an old browser. I want to start small $1,000-$3,000 max. Two: Buy a car with an enthusiasts following. Ten Reasons Why Buying a Cheap Used Car Is a Good Idea ... Reddit. There's no way a Tesla is the most economical option, over any timeframe. At this time we have over a million unique data samples from all over the United States. You can almost always do better. "The Long-Term Quality Index is a study designed to give used car buyers accurate reliability information that will be available for free, forever. Auto experts say the lowest price for a reliable used car is about $2,500. If you need a new car, the process is pretty straightforward. You don't find cheap cars, cheap cars find you. And almost any van would be a much nicer place to live. New comments cannot be posted and votes cannot be cast. I know this seems like a boring choice, but hear me out. People whose time is too valuable to deal with getting the best price. 2004-2005 Mazda RX-8. Cars in the $5-$8000 range are usually undervalued. I know you said you don't want a used one, but I thought you should know this. 1996+ Toyota Pick Up (22re) Ok, these are just overall amazing trucks. Then I know a guy who bought a used for 5k and hasn't had any problems for ~5 years. New tires and wiper blades and its been amazing. I am not a fan of how it handles but unfortunately it wasn’t a choice I would have made if my parents weren’t a primary on the loan. The cost of these repairs was less than $1,000, and because I’m used to having a few rounds of repairs to sort out neglected auction cars, I was happy to give this BMW another chance. I had to do some catch-up maintenance in the first year on my car. Another perspective, cost vs value, influenced me more. Realize this isn't the optimal time of year to be buying and selling cars, so your choices may be limited. By knocking out that middle process, you can get a great deal from buying one of the trades rather than buying one from a small dealership that bought it from a wholesaler that bought one of their trades. I have done this so many times. They take in shitbox trades all day and sell them in bulk to local wholesalers. In most cases – used cars are sold as is, because even a perfect car can suddenly develop issues. After the included taxes, fees, and stuff I still got a brand new car. The key is knowing when to jump, and having cash on hand. Also, manual gearboxes are cheaper and generally less likely to fail compared to an automatic (if you know how to use them). A used car's mileage and condition will vary. Finally, remember that you are buying a used car to save money, but there is a reason it is cheaper than a new car. One: Buy a car in the $5000-$8000 range. Shop cheap vehicles for sale as low as $999 at Cars.com. A New Non-Luxury Car. Look for taller grass growing around it, rusty brake rotors, etc. Around here, anything under $1000 that you can drive home is sold in a couple hours. If the car were being sold privately I'm sure it would have been about 10-15% less, but to me the premium was worth it for the sake of service and convenience. It's damn near impossible to find a BRAT here in the southeast, but hop on old Subaru pages and you'll find rust-free in great shape for like $2000 within a day or so drive. Mine definitely came out cheaper, and roughly equal in hassle. I do most of the repairs myself after watching youtube videos. But you have to resist the temptation to option up. A low-end base model, non-luxury, new car, is honestly not that much worse than a reasonable used car these days. The good deals from willing sellers are typically sold in a matter of hours (if not minutes), too. As a car guy who flips cars let me give you two pointers. But over the last 30 days, prices have increased 0.8%. She's driven cross-country 8 times in it (back and forth for school) and has maybe 60k on it with nothing more than new tires and oil changes. 8. The car is in excellent condition and I haven't had any problems. We serve as Reddit's central hub for vehicle-related discussion including industry news, reviews, projects, videos, DIY guides, advice, stories, and more. In California, it can be near … If you're in the US, I call bullshit. You also have to lowball the shit out of people. 1. Like are you crazy for thinking you'll get 150k miles out of it over 10 years or so with no major problems? Currently has 113k miles&runs like a champ. You drive around looking in peoples driveways until you see a car that looks like it hasn't moved in a while. This is both a question for me and a friend. Craigslist is a gold mine if you know how to use it. They actually sell it now for cheaper but the gas milage has gone down for some reason. I’m currently living in mine. If you go to bottom-wrung dealerships in the shadier parts of town, a lot of those cars on their lots were bought from wholesalers, who originally bought them from new car dealerships. Craigslist. It is rear end repaired salvage that I bought for $2k usd, w 60k miles. Mechanic experience and being able to fix minor issues is a huge help, but that goes without saying on any sub-5k car. Research, compare and save listings, or contact sellers directly from 2 vehicles nationwide. Do you plan to road trip after achieving FIRE? I want to buy a cheap beater and mess with it, where as my friend is looking for a reliable car to last him through college. All it needed was a new passenger mirror and an oil change. I have absolutely no idea what these people do for a living that they can drop everything and go buy a car in the middle of the day on a Wednesday but that's the reality of the situation. From nice rich neighborhoods. My wife has a Mazda3 that we bought new. In most cases – used cars are sold as is, because even a perfect car can suddenly develop issues. Even if you think electric is more economical (it isn't), there are much more economical electric cars than the cheapest Tesla. Then you take it home and fix whatever is wrong with it. Surplus Auctions are a possibility if your a touch handy. I experienced that kind of anxiety too many times in my college years. I've been very happy with it. Facebook for sale groups are a hidden gem, especially for rare/niche vehicles. If they say yes, you call a tow truck. You may want to hold off on buying a used car, or even consider a new one. With interest I paid less then 18k for it. “Buying someone else’s problems” was how some have described buying a used car. Late response but would you perhaps have a link to mentioned post on pf? Modern cars are built better than older cars, so when you buy used you’re typically not buying a car that’s going to break down in a year. In 5-10 years, could you have children or more children? I got a Mazda3. I hope to own if for at least seven more years without major repairs before I upgrade. I was not able to find what you described. I want to buy a car, and my economics teachers made sure to emphasize that buying a new car is not a good idea because of the depreciating value. If you buy a $14k Kia Rio, you're starting off $31k ahead. The best place to buy a used car will depend on your budget, your creditworthiness and the car you want to buy. Main downside is only 4 seats. For those that want to approach the problem of financial independence from a minimalist, stoic, frugal, or anti-consumerist trajectory. A lot of them will laugh and tell you to fuck off, but you just might get that person who just wants their shit gone. Related Affordable Car Buying Articles: Good Used SUVs Under $5,000 for 2019 Image Credit: GM David Kiley: 2002-2005 Buick LeSabre I found a 2002 LeSabre in Peoria, Ill. with our used-car search tool for $7,990. It seems the stagnation of the car did more damage than the miles. Making Initial Negotiations in Person. If you check out Carfax and get a car inspected and it looks like it was taken care of, chances are you will be buying a good car. It used to be that buying a used car was a roll of the dice. Couldn’t do it in any other car. New dealers often sell used cars that come with dealer warranties that cover most major problems for a certain period of time. Enterprise: Partnered with Chase to provide financing to those buying Enterprise cars. But if you want a cheap quality car with pages of maintenance records from the dealership, rich neighborhoods is the way to go. I was able to find my car with a manual through a private seller on the site. What was your search criteria? It is listed as 30/city miles and 41/hwy. New comments cannot be posted and votes cannot be cast. Simple things are generally pretty reliable and cheap to repair. Craigslist is a gold mine, you just have to be patient and know what you're willing to work with vs. how much you want to spend. Has anyone bought such a car and had it last, or look promising? The car market is changing. Nothing good. This is one of the keys to Craigslist, though if you know cars you could do just as well hunting daily for cheap deals in any neighborhood. Almost always, a 3-5 year old used car is the best choice financially. I always hear about people getting a decent car for cheap, and I'm wondering where to look. - Used car dealer: Screw that. I think it's a good option if you want a newer model car (1-2 years old) but want to save a bit of money. That’s the risk/reward perspective. Families with multiple cars trying to get rid of their ten year old golf for cheap. People might jump down my throat, but new car dealerships. At the dealership they do a full inspection and give me a list of stuff wrong. If you're living in your Tesla, presumably it's a model X, which would be much less economical again. And because the rental car agencies buy vehicles in volume and pay less up front, their resale prices can be lower. A lot of them will laugh and tell you to fuck off, but you just might get that person who just wants their shit gone. Side mirror needs replacing, hitch tail gate handle needs replacing, ABS light is on, brakes might need to be replaced. You must have missed the window of the 2012-2016 transmission faults of the Fiestas and Focuses. It's fantastic and has 112k miles. Search used cheap cars listings to find the best local deals. If you've never tried to sell a car on cragislist, you will be absolutely inundated with scammers and flakes. No joke, I saw a guy with a 1970 Hemi Barracuda (didn't run) and he didn't know what the car was, so he wanted 2500 obo. We have also excluded any repair costs for the used car. - Buy a used car from someone on Craigslist: I'm a cynical man, and get the feeling a lot of people sell because they know about some intermittent problem that the new buyer won't see until later. Nothing beats re-selling a $200 car for over 2 grand. I had it inspected and it checked out perfectly. I will fix most problems myself, but I don't want to be laying in my freezing drive way wondering if I'll be able to get to school or work. There is a perception that Toyota is a reliable, trouble free vehicle. Plan to build a homestead? Press question mark to learn the rest of the keyboard shortcuts. Most major rental companies have sales divisions that you can purchase from directly. Ignore the price spread from Carmax. Having this information upfront lets you get a better idea of how the car … When I was buying my Miata I got so fed up with Craigslist that I gave up and went on Autotrader instead. Let's face it, we all love new cars, although not everything about them is great. I could easily see this car going 250k. Cheaper cars are generally made simple. Probably not any difference in risk from CL. I bought my 2004 Stratus for 1300 with less than 40k miles. I remember a post in personal finance about buying cars. It's great. I'm thinking of buying used auction cars, repairing them, and reselling them. The warranty resulting from a lawsuit covers 9 years of free transmission repairs at least. Personally a fan of cheap workhorses. You can always buy a car from them and sell your old one on craigslist to make a few thousand more. I didn't know cars this cheap were out there. Craigslist. COVID vaccine perk Get answers Blame tech How to sign up News Sports Entertainment Life Money Tech Travel Opinion I bought a used 2017 Mazda3 about 6 months ago that had been part of a rental car fleet (Enterprise) through their online sales division. Look for Cars That Have ‘Uglied Out’ Dents, nicks, peeling paint and hail damage are all your friends … Of course, you can always sell or trade in the cheap car for something else, but additional transactions will incur monetary or time costs. But I think it's a great car. It's insane. Have 146k miles and coming up on timing belt and struts, first major expenses I won't do myself. "Oh on my local Craigslist you can't get a running/driving car for $1000." For every niggle that popped up on my car, there was a minor recall that had to be done on hers. Add knowledge from experts. They just wanna get rid of it! They tried to get me to do a different financing option but I said no. 2017 Hyundai Accent ... 10 Cheap Cool New Cars for 2016 Buying a Tesla is the most economical option. There are good finds if you are patient. Sure, it's missing half the front bumper and is rusted/rotted to hell, but drives incredibly solid for a $250 car. It’s since stopped needing repairs and has been an ok car though. A car might through a warning light just as you leaving the dealership, and you are at the mercy of the good will of the dealer. Below are 6 benefits of buying a used car (in like-new condition) over a brand new one. I already have the mechanic whom I've been relying on for 10 years. It was listed for like 24k. You also have to lowball the shit out of people.
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