If your credit is poor, there’re two ways to purchase a vehicle. The first way is to visit a bad credit used car dealership and finance the vehicle with exceptionally high interest rates. Bad credit auto dealerships must charge a premium on their interest rates because they are assuming a high-risk loan. Another option is to take advantage of Craigslist cars for sale and purchase your vehicle for cash and avoid making payments each month. When shopping around for a new vehicle, check out Craigslist used cars and you may be surprised with what you find.
Assuming that you have at least $1100 to purchase a vehicle, Craigslist can be a great option. Every day, thousands of people from around the world by and sell items on Craigslist. These items may be something as simple as a CD collection or as complex as selling a house or piece of property. In most areas, dozens of new vehicles are listed each day on Craigslist. In some areas, there are hundreds of new listings per day. Out of all the listings, several vehicles are listed for around $1000 or less. Instead of putting $1000 down on a vehicle and finance and the rest, you may want to consider purchasing a vehicle out right for cash. Many great used vehicles are available on Craigslist at a reasonable price. Finding these vehicles requires a little bit of legwork but if you are willing to take the time to search for a vehicle, you can save hundreds of dollars per month and avoid a monthly car payment.
To get started, simply search Craigslist in your local area for vehicles that are priced between one dollar and $1100. Check out the search results and you’ll find that the most recently posted vehicles are listed first. Look over each advertisement and contact the seller if you have any further questions. If you find a vehicle that seems like a good candidate, speak with the seller and set up a time and date to check out the vehicle. Take along a friend or family member who is a mechanic or is mechanically inclined to help you make a decision.
When it comes to searching Craigslist for used vehicles, you should be cautious of scam artist that exist online. You will likely come across an advertisement that seems too good to be true. If a seller is selling a $5000 vehicle for $1000, odds are that you have encountered a scammer. If it seems too good to be true, it is probably a scam. One of the most common scams on Craigslist is a car shipping scam. Deal only with vehicles in your local area and do not agree to have your vehicle shipped. Read more about Craigslist cars scams and avoid becoming a victim.
Craigslist used cars are not for everyone. If you do not feel comfortable purchasing a vehicle that is for sale by owner, you may want to visit a dealership that offers bad credit auto loans. Craigslist cars for sale is an excellent way to save hundreds or even thousands on your next vehicle purchase. Consider both options before purchasing a used vehicle.