After your house, your car is probably your most expensive asset. More than that, it is a status symbol. It tells the world what your personality is, and quite frankly, how much car you can afford. This article will examine how to find a cheap new car.
The first way to find a cheap new car is to look for rebates and cash back offers. Because the economy is in a slump and is hitting the car industry harder than most others, many manufacturers are offering incentives to buy their cars. Some of the best deals right now on new cars include a $13,000 cash back on the Mercedes-Benz CLK Class, $5000 off a Nissan Titan, and $7500 off the BMW Z4.
Another way to buy a cheap new car is to look for a model from last year. As dealers roll out the 2010 line, they still have 2009 models in the showroom. They are extra motivated to move these and will often offer great deals on them.
If you are looking for the cheapest possible monthly payments on a new car, consider the lease option. Leased cars can be 30 to 60 percent less expensive than buying the same car with a loan which can cut your monthly payments in half. This lets you drive a brand new car for less money than you might spend on a late model used car deal. These are great deals if you can live with the lease terms. A typical lease is for 6 months, 30,000 miles, and sometimes a down payment. Also, you will have to provide collision insurance on the vehicle and not just liability insurance.
Care to drive for free? If you live in a big city or near a college campus, this might be an option. In exchange for turning your car into a full fledged mobile billboard, you can often get a free ride (pun intended.) There are two models for doing this. The first is to get a car from an advertising company straight out. The second is to get a stipend for driving your late model car around when it is wrapped in a company's advertisement.
Car incentives, models from last year, leasing, and free cars are all ways to get a cheap new car.
If you are looking for a cheap new car, I suggest you head on over to Edmunds.com for some great shopping.
No comments:
Post a Comment