Cars for Sale Under 1000
Here's how to find a reliable vehicle for sale under $1000.
Introduction to cars for sale under 1000 dollars
Many people are seeking a reliable vehicle they can use but that costs less than one thousand dollars. Now seeking a car in that price range has a couple implications. First, it is likely to be eight of more model years old. Also, it will likely have in excess of 100,000 miles. Now it is still quite possible to find a used vehicle under $1,000 that is reliable even though it will likely have some age and miles on it. And here's how to do it.
Where to purchase a used car for sale under 1000
There are two primary sources for this vehicle. The first is a used car dealer. Now most new car dealers will not sell vehicles in this price range. Usually they limit their used car sales to vehicles less than four or so model years old.
You can also check our cars for sale under 1000 dollars listings in our forums. Visitors are free to list their car for sale in this section.
So the first real option is a used car dealer. The type of used car dealer selling vehicles for sale in this price range must be researched carefully. The profit margin on vehicles in this price range can be a bit lower, and it can invite problems with the vehicle to be covered up.
Now even when someone isn't trying to cover up issues with the vehicle, for cars in this price range it is quite likely they will have seen their fair share of wear and tear. That combined with the age of the vehicle means the car may have a number of areas that require attention. For example, cv axle boots could be ripped, brakes could be worn and so on. So an inspection by a competent mechanic is highly recommended. Ideally it should be a mechanic not associated with the seller.
Finding cars for sale by owner under 1000
Another source for this type of vehicle is directly from the owner. Typically this option will cost less than purchasing from a used car dealer. However, it is again important to take the vehicle for a careful test drive, and have it inspected by a licensed mechanic. The vehicle may quite likely have issues that need to be addressed. Any issues found can make for convenient negotiating points with the seller.
Maintenance records are another item that can be examined. Thorough, accurate maintenance records indicate the vehicle may have been well cared for by the previous owners. However, you must check carefully to be sure the records are authentic and not for a different vehicle.
Of particular concern would be expensive required maintenance that has not been done. For example, some vehicles need a timing belt replacement at specified intervals. If this maintenance is not done and the belt breaks, if the engine is an interference design, severe engine damage can occur.
There are other sources for used cars for sale under 1000, such as vehicle auctions. Typically vehicle auctions are closed to the public, but licensed used car dealers will often bid on your behalf for around $100 fee. But you must note you are purchasing the vehicle as is, so take advantage of the opportunity to inspect the vehicle before the auction begins.
Advantages to buying cars for sale under 1,000 dollars
If this is the vehicle your budget allows, a big advantage can be in avoiding a car payment. Then the money that would have been spent on a car payment can be saved, and then you can switch up to a better car later.
One thing to avoid with this type of vehicle is excessive payments. Always be suspicious of dealers who will give a weekly payment for example but skirt around the issue of what the total vehicle cost will be. They may be trying to hide what is an unusually high interest rate.
Another advantage to an inexpensive vehicle is that insurance can cost less. Generally a person does not carry comprehensive coverage on a vehicle in this price range, and that can save hundreds of dollars per year. Generally when financing any vehicle, comprehensive coverage is required to be carried by the finance company.
In conclusion, through careful planning and research, it is possible to find a reliable car for sale under $1,000 that will meet both your budget and your needs. Many people use these vehicles for economical transportation and then use the extra money for other purposes, and simply replace the vehicle as necessary.
About the Author
This article was written by Lewis Werner. It was last updated June 11, 2011 and first published January 12, 2011. If you have questions about the article, please click here to view the author's contact information including e-mail address, telephone number and mailing address.