The Cheapest Way To Buy A Car

June 16, 2015 / by / 0 Comment

Trying to find new ways of locating a cheap car is exhausting. They are like gold dust and no matter what option you try they always end up costing a pretty penny. It is frustrating because cars have never been so expensive, and income has never been so stagnant. It is all relative, and it makes all the difference. But, where there is a will there is a way. In fact, there are quite a few ways of buying a car on the cheap. If you are not aware of them, just check out the list below for tips and inspiration.

Get A Loan From Family

Acquiring a loan is a great way of affording a new car. However, loans from a lender like a bank can end up costing you a lot more money, in the long run, what with the extent of the interest they add on. In your time of need, turn to your family or your friends. It sounds a lot to ask of someone, but the majority of family and friends will happily help you out if they can. If they can’t, they won’t so you won’t lose anything just by asking. A loan from people who love you won’t end up costing you a fortune and you won’t have strict deadlines to hit every month.

Buy A Car On Finance

Finance is almost another way of saying renting or leasing. When you buy a car on finance, you pay off the amount of the car over an extended period. Although the car is yours, you don’t officially own it until the last payment. However, cars are so expensive, and not everyone can afford to pay the lump sum upfront. Purchasing a car on finance means you can pay the money off every month at a rate that you can afford.

Discount Dealerships

Discount dealerships, or used car supermarkets as they are colloquially known, are a great place to find a cheap and affordable motor. They have a great range of cars at low prices, but their unique facet is their quality. The most common saying in the motor industry is that a car loses ten percent of its value as soon as it is driven off the forecourt. So, if you are switched on, you realise that the car isn’t cheap because it is poor quality; it is cheap because it isn’t brand new. Once you find a car that you like, look for an older model online or at discount dealerships. The quality and reliability is still high, but the cost is low.

Put It On A Credit Card

Credit cards are dangerous, but if you know what you are doing, they are a valuable source of cash. If you can find a card that is interest-free on purchases for a year or two you have plenty of options. The cash is quick and upfront, plus you can pay it off over a longer period. At the end of the term, you can settle the debt or switch it.

Buying a car doesn’t have to put a dent in your bank balance.

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About the Author

My name is Bilal Amjad. I am a professional content writer and SEO executive. I have 2 years experience in this field.

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