What You Need To Know About Buying Used Cars Cheap
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Many car buyers have been wondering which factors actually determine a used car’s value or whether you can buy used cars cheap or have to pay a lot for them. With the financial crises we are facing today, there are in particular two types of vehicles that you can make a great bargain with:
- Vehicles with poor fuel mileage
- Vehicles that can be viewed more as toys rather than cars.
With the gas prices we have today it should be pretty obvious why the demand for poor fuel mileage cars is not so high. If you go to a pawnshop you’ll probably see plenty of the Cheap used cars mentioned in the second group. Here you can find anything from customized Camaros to modified Harleys.
These cars are not normally cheap but if you buy them now you can get them at a price far below their listed value and probably sell them in the near future for their ‘normal’ price. Estimates say that more than 40 percent of the increase in gasoline price is a direct aftermath of the dollar devaluation. Moreover, there are other estimates that show gas prices will drop even as much as below $3 per gallon in relatively near future and that’s the reason the cars mentioned above will go back to the price they normally have. With this information you can make really good bargains if you act now.
Here are 5 of the cheapest of the Cheap used cars on the market today that you should take a closer look at if you want to buy used cars cheap:
Cadillac STS
If you want to buy used cars cheap, this Cad is a real bargain. Two years ago, in 2007, this V8-powered Cadillac went for more than $50,000. Now it goes for around $20,000.
Ford F-150
When new, the most expensive 2007, the top model and most expensive Ford F-150s cost about $35,000 when new in 2007. Today, two years later you’ll probably get less than $15,000 on a dealer’s trade-in. A V-6-equipped bottom-of-the barrel 2000 V-6 short bed you can get for less than $4,000.
Dodge Ram 1500 Long Bed
The trade-in value of a 2006 Dodge Ram is around $2,500 today. If you buy private you could probably get it for about $5,000. This is one of the best deals you can make right now.
Harley-Davidson
Harley-Davidson Motorcycles are, “Big-Boy toys” you can buy cheap at a pawnshop. If you don’t like the noise it makes, you can put a muffler on it.
Ford Crown Victoria
When we are talking about buying used cars cheap, it’s hard to avoid this Ford. Ford Crown Victoria LX was sold for more than $28,000 in 2007. Today, you’ll get it for less than $7,000. This is what I call a super-duper bargain!
Learn about other great sources of Cheap used cars
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