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| Save Money With A Used Car |
| Written by Jim Ford | |||
| Friday, 13 March 2009 08:04 | |||
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The key to making big savings is to cut back on the biggest expenses.One of the largest of these expenses is the family car. Few people realize how expensive owning a car really is.
The key to making big savings is to cut back on the biggest expenses.One of the largest of these expenses is the family car. Few people realize how expensive owning a car really is. Let's break it down.If you must finance your new car, you're paying even more in interest.Being a new car, you have to pay for the full insurance coverage. You still have to pay for maintainence as well. This all adds up quickly. Let us compare this with something like a used car under $1000.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.It doesn't have to be this way. I like to go for reliable imports such as a pre-owned Honda. These are very reliable, lasting hundredes of thousands of miles. To find old cars, look through used car listings and auctions, which will yield you a large selection to choose from.Be sure that you investigate the background of any car you're looking at before you pull the trigger. If you are willing to drive an old, beat up car, you will be shocked at how much money you can save.By driving a clunker, you have much more money left month to month while still being able to get around just as well.Think about it, you might just be on the path to freeing up your finances more than ever. About the Author: Jim Ford is the man behind Cheap Used Cars central. Visit to find the best cheap used car listings available.
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