Do the bad credit blues have you down while searching for a used vehicle? With nearly 25% of America having a bad credit score, there are roughly 110 million people out there in need of a vehicle but are unable to get financing. With many Americans facing tough times, there are several people out there searching for a vehicle for under $300. If money is a little bit tight and your bad credit is preventing you from financing a vehicle, you may want to consider purchasing a used vehicle from a private seller. Another option is to buy a vehicle from a dealer that offers no credit checks. With this method you will usually need a considerably large down payment.
If all you have is $300 and you are looking to buy a vehicle for cash, you can do so with a little searching on Craigslist for cars. While there are not very many vehicles that are $300 or less, there is still a handful to choose from. A $300 vehicle may be a bit of a fixer-upper but will still get you to where you need to go. In order to find a vehicle in this price range you may have to expand your search to a city outside your local area. If you live in a large city such as New York, finding a used car at this price on Craigslist cars for sale may not be that difficult. When searching for a vehicle, you will want to enter a price range between $100 and $300. You may be surprised what you find in the search results. Some people are simply looking to get rid of an old vehicle that may need a little bit of work and are willing to let it go at a low price. Search around Craigslist for a vehicle that runs. For $300, a running vehicle is all that you should expect. At this price, you should not be concerned with any type of cosmetic issues.
When it comes to purchasing a vehicle on Craigslist you do not need a bad credit auto loan. A bad credit auto loan can be an expensive way to purchase a vehicle because they usually carry an extremely high interest rate. Buying a vehicle out right for cash is the best possible way to purchase a vehicle and save. If you are having a difficult time finding a vehicle in this price range, you may want to consider a bad credit loan to supplement the money that you already have. By putting $300 down and maybe borrowing another $700, you can purchase a $1000 vehicle on Craigslist which will be much nicer and probably a lot newer.
Buying Craigslist cars for sale with poor credit makes obtaining a vehicle a bit more challenging. When examining Craigslist cars for sale, be careful not to get caught up in any scams. Never send money through Western Union for a vehicle or any other item on Craigslist. This website specifies not to send money through Western Union because it is a huge problem on Craigslist.