You want to know how you can pay for your next car in cash or at least 50% of it? You want to be able to save. Put the money into a savings account and just let it sit there. Don’t touch it for anything.
Save for the down payment on a car
So, say your car payment is $199 start putting that away and a down payment won’t be so bad and you won’t have to finance a ton on the car.
Let’s say you find a car that’s $9,500 and you can put $2,500 down. Now your only financing $7,000 and your monthly payment over 5 years won’t be that bad depending on your credit score.
You want to be looking at as many used cars as you can also, don’t limit yourself to just one car drive a bunch of them. The more you drive the more options you will find that you like or don’t like.
Before all that though you want to see what loan, options are best for you and the budget you have. Now if your credit is good the car dealership in Houston might offer you $99 down car payments for the used car near you in Houston.
Check your credit before buying a used car
But if your credit is low you might have a high interest rate on a used car, so the down payment will have to be larger to help with making the monthly payment reasonable.
Remember how we said saving would help that’s why we recommend putting money away when you are going to purchase a used car.
We have one of the larger used car inventories in Houston. There are a ton of people out in Houston that are looking for affordable cars and most people actually like to look at used cars because a new car loose its value right off the car lot.