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Sunday, January 3, 2010

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

By Steve Simpkins

In this article, we will examine how to buy cheap car.

A different breed of cat buys a Prius vs. a Hummer. Your car shares with the world your personality. It is also a big investment - probably second only to your home. So, it is worth taking the time to find out how to buy cheap car.

The first step is to get the information on the car that you want. Because the dealer hast to make a profit, you need to know what their bottom line is. This will let you know how far you can push them. You'll know when to walk away when you know this information.

Second, look for manufacturer's rebates. These don't come out of the dealer's bottom line so they will work with you to maximize the incentives coming to you. Currently, with the state of the recession and the manufacturers hurting, you can get some great cash back offers and incentives.

If you want to buy cheap car, you can't do better than buying last year's new model off the showroom floor when the dealer is trying to make room for the new cars. Next year's models generally come online in September, so October is a great month to score a great deal as dealers are anxious to get "out with the old and in with the new."

Next, look at the options for leasing a new car. It is a way to buy a cheap car without being locked into something long term. Most lease terms are 36 months, so you will be able to get a new cheap car every 3 years.

What's cheaper than free? Nothing! If you live in a big city or near a college campus, you can often get a new car for no money in exchange for having a full body advertisement wrapped around it. There are two models for this. The first is just to get the car for free. The other is to get an auto allowance for driving your own late model car.

There you have it - five ways to buy a cheap car. - 21393

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