If you really want to save a bundle of money, you should really try cutting back on the big expenses.One of the largest of these expenses is the family car. Not many people truly understand the expense of owning a car.
Let's break it down. If you're buying a new car that you finance, you have to pay full price and then some (because of interest).Being a new car, you have to pay for the full insurance coverage.Maintaining the car is yet another expense.This will add up to a big number rather fast.
Compare all this with something such as a sub $1000 used car. You've spent many thousands less than a new car, and you have no interest payments either.Even if you drop five grand you still are way ahead of the game.
You insurance is now much cheaper. Since your car is so cheap, you only need the minimum level of insurance required by your state law, which will save you money every month.
This might not seem like the best plan to many of you since it seems like an old car like this would break down constantly. This doesn't have to be the case. In order to get the most reliable car for my money, I prefer to go with older imports such as a used Toyota. These are very reliable, lasting hundredes of thousands of miles.
The best way to find old cars like this is to check used car listings, which will many different vehicle options to choose from. Just be very careful to check into the background of the car before you go ahead and buy it.
If you are willing to drive an old, beat up car, you will be shocked at how much money you can save. Driving an old, cheap car really helps free up your budget while still fufilling the basic task of getting you from place to place. Give some thought to it, you just might make the best financial decision of your life.
Let's break it down. If you're buying a new car that you finance, you have to pay full price and then some (because of interest).Being a new car, you have to pay for the full insurance coverage.Maintaining the car is yet another expense.This will add up to a big number rather fast.
Compare all this with something such as a sub $1000 used car. You've spent many thousands less than a new car, and you have no interest payments either.Even if you drop five grand you still are way ahead of the game.
You insurance is now much cheaper. Since your car is so cheap, you only need the minimum level of insurance required by your state law, which will save you money every month.
This might not seem like the best plan to many of you since it seems like an old car like this would break down constantly. This doesn't have to be the case. In order to get the most reliable car for my money, I prefer to go with older imports such as a used Toyota. These are very reliable, lasting hundredes of thousands of miles.
The best way to find old cars like this is to check used car listings, which will many different vehicle options to choose from. Just be very careful to check into the background of the car before you go ahead and buy it.
If you are willing to drive an old, beat up car, you will be shocked at how much money you can save. Driving an old, cheap car really helps free up your budget while still fufilling the basic task of getting you from place to place. Give some thought to it, you just might make the best financial decision of your life.
About the Author:
Jim Ford is the man behind Cheap Used Cars central. Visit to find the best used car listings available.
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