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Sunday, January 3, 2010

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

By Steve Simpkins

Do you know how to buy cheap car? This article will explain 5 strategies you might want to employ.

You know that a car is a big investment. But you also know that your car reflects your personality. You want to show the world who you are through your choice of automobile.

First of all, get all of the information on the car that you need. The dealer must make a profit on the car, so knowing what their bottom line is will help you to know how far you can push them. Know when to walk away by knowing when the dealer has to walk away.

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.

There's nothing cheaper than free and if you live in a big city or near a college campus, you can often get a new or late model car for absolutely nothing. The trade off is that an advertising company will wrap your entire car with an advertisement. There are two different ways this happens. The first is that you get a free car to drive around and the second is that you get an allowance to drive around your new or late model car.

There you have it - five ways to buy a cheap car. - 21396

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