If you decide to lease a car, your monthly payments will be about 60 percent of what you would have been paying if you had bought it straight out. And, this gives you an opportunity to get a new car every three years. If you are going the lease route, consider taking the lease off someone else's hands - they'll usually chip in on the monthly payments.
Next, consider buying a new car that is last year's model. Every September, the manufacturers roll out the new year's model. But the dealers still have plenty of the old ones left to sell and they will be grateful if you would take them off their hands. From time to time you will even find a two year old cheap car that is still new.
Arm yourself with the facts. If you know how low the dealer can go, you will have an edge in the negotiations. Remember that the salesman has a bottom line that he cannot go below.
Manufacturers, on the other hand, can be more generous with their rebates. So, watch for great deals coming out of headquarters. Between cash back, low financing and other incentives, you can often get a new cheap car.
There's something even better than cheap - free! If you are willing to put advertising on your car, you can sometimes drive for free. This generally is only available in college towns and big cities. The way it works is that a car is wrapped in advertising in exchange for the driver's free ride.
If you want a new vehicle on a trim budget don't despair. This article showed you some ways to get a new cheap car.
If you are looking for a cheap car, I suggest you head on over to Edmunds.com for some great shopping.
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