NWR: How do YOU buy a car?

posted 3 years ago in Money
Post # 3
Member
943 posts
Busy bee
  • Wedding: October 2012

I’m not sure of the prices around you, but it would be very difficult near me to find anything at a dealership for $5000. I think you would be better off buying from a private party.

Post # 4
Member
732 posts
Busy bee
  • Wedding: September 2012

I used a broker. I had to buy a car last year after my was totaled in an accident and I told him exactlyy what I wanted and he got it for me. I didn’t have to do anything. It was a brand new car, so I’m not sure if it makes a difference, but it was less then what the dealerships were charging, and he got the windows tinted and clear bra put on before I picked it up.

 

 

 

Post # 5
Member
7281 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

I buy from the dealer. While dealer’s are not angels, they have a bit more to lose from an unhappy customer than some random guy in a private sale. My logic may be questionable, but there it is. That said, I agree with a PP that it would be darn near impossible to buy a $5k car from a reputable dealer here.

Post # 6
Member
9412 posts
Buzzing Beekeeper

We went to a dealership and paid cash for our vehicles. The only thing we don’t actually own outright are (most) of our properties. But we are working on it!

Post # 9
Member
8593 posts
Bumble Beekeeper
  • Wedding: September 2013

Err…I would go with FI as I’ve never bought a car before.  All my previous cars happened to be my mothers!

FI had good luck purchasing a vehicle through Craigslist quite a few years ago.  He bought a used one for about $4000.  Someone hit him about a month ago and they totalled the car out, he got about $3900 for it.  So it worked out pretty good for him, considering he really didn’t lose any money on it.  His brother is very knowledgable about mechanical stuff so they did the majority of maintenance and fixes themselves for very cheap.  So you might be able to find some good deals going through individual sellers. 

I’m not much of a risk taker, so I would probably go through a dealership.

But I think for $5000 you might be able to get a better deal through a private seller.

Post # 10
Member
10384 posts
Sugar Beekeeper
  • Wedding: September 2010

With your budget, i’d recommend going private party. You’ll get more bang for your buck! Lemons exist at dealerships just as they do in the private market. It doesn’t cost much to have it taken to a mechanic for a once over, and you can make it a condition of the sale to the seller.

Post # 11
Member
10384 posts
Sugar Beekeeper
  • Wedding: September 2010

Also, we paid cash for our last car at a dealership, but it was brand new (model year end sale – it was cheaper to buy new than used!).

Post # 13
Member
2912 posts
Sugar bee
  • Wedding: March 2014

Cash at a dealership.

Post # 14
Member
13012 posts
Honey Beekeeper
  • Wedding: June 2011

If you were just looking for a car to get around town and once in a while trips to the airport, i’d probably just fix up the current one and keep it.  Why even spend 5k.  There’s always a new risk in any car that you buy.  And at that price point, it just seems like it would be at an age where things start to wear and repairs start to get pricy.  I just bought my first car last year, but we bought brand new at a dealer and paid cash.  I was looking at used, but it didnt offer as much savings as I thought it would.  My husbands last car, he bought from a neighbor in 2001 for like 3k and it lasted him 13 years (it was 3 years old when he bought it) with no major repairs, just standard maintenance.  He got lucky that the neighbor was moving out of country and just wanted to get rid of it. 

Post # 15
Member
599 posts
Busy bee
  • Wedding: December 2013

@sienna76:  I contacted a dealership gave them my budget, also 5K at the time. They did all the hunting, called me when cars came in that fit what I wanted and about 7 cars later I found my car. It was nice that they did it not sure if most dealerships do it but I felt confident buying from them since they checked it out and I got an added warranty!!

Post # 16
Member
732 posts
Busy bee
  • Wedding: September 2012

@sienna76:  They charge a flat fee, which in my case was added into my lease, but the cost per month was lower then what the dealer was offering plus I added a few things like a spolier and floor mats.

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