Wednesday, February 16, 2011

Can Buying a Used Car Save You Money?

Do you think buying a new car will change your life? Remember that new cars become old cars fairly quickly. You can easily save money on the purchase of a used car. When you’re buying a used car, you want to get the best rate on the car but you also want to look for ways to save even more money once you purchase the car. Here are just a few ways that you can save money buying a used car:

Lower rates – When you purchase a used car, you will pay lower taxes and insurance. Depending on where you live and your driving record, you can save a considerable amount of money over the life of your car on auto insurance.

Financing – You should try and pay back your car loan in a short period of time as this will save you money. The sooner you pay off your loan, the more you’re saving in interest. If possible, could you continue to save for another year and simply pay cash? Six thousand dollars can buy you a great reliable car.

Inspection – This is important when purchasing a used car. Take the used car you intend to buy for a thorough inspection. This will ensure that you get a car that is in good running condition.

Lifestyle – If you feel your used car does not accommodate your lifestyle because it’s too small for skiing trips or road trips feel crammed then think about what it would cost to rent a car for that particular trip. It still works out to be cheaper than a new monthly car payment. You will also not have to worry about insurance, maintenance or depreciation.

Repair bills – Even if you have to replace the timing belt, radiator or even the transmission costing you $2000 for the year is still a lot cheaper than a car payment at $350 per/month. Whether you feel your used car needs the timing belt replaced at 100k or it’s you can drive more miles before an oil change, you should stick to the recommendations of your car manual to give your car a longer lifespan.

If you’re looking for ways to save money by buying a used car, visit our inventory at http://www.prudentvaluecars.com/inventory.html. Prudent Value Cars makes it easy to help you buy the right used car for your needs.

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