Are used cars still overpriced
I mean shoot if I am going to buy a used car for under $15K why not see what a new car is going to be most of the new cars are around $45K but still, that’s a large nut to crack with $15K for a used car.
It must be no more than two years old for me to be interested in test driving the car or must have a low payment or a low down payment on the used car.
Seeing all these low payments or what people think is low payment options are car dealers make me laugh a little.
My thought of a down payment is a number I can afford. I was always told don’t buy a used car that’s going to put you over a payment that you can’t pay with at least one weeks worth of pay.
Now I know that’s hard for some put that’s how you stay ahead of this car loan that you have.
Thinking of a down payment on a used car
If your credit is decent they may have a no money down payment on the used car but watch the interest rate rocket up. So if it doesn’t make sense for you and your reading it now just know $15K is still an amount that takes a lot to finance for a used car.
On some feeds, I follow I see people posting “I got $1,000 for a used car, what can I get?” Hey, that’s a good start for a down payment at the right car dealership.
You can try to buy here pay here car lots to nothing wrong with that.