Sometimes you just need a car, but credit challenges and limited funds can make it difficult to get a vehicle that is safe and reliable. Although you may think your options are limited, you might be surprised to learn that there are actually decent used cars on the market for under $2000.
First of all, you don’t necessarily have to have a lot of cash in your pocket to get into a vehicle. There are options like second chance finance and buy-here-pay-here dealerships that can help you stretch what funds and credit you do have into the best car or truck for your budget.
To get started, you need to examine your budget. There are many factors involved in budgeting for a vehicle purchase. Ask yourself the following:
How much cash do you have available to contribute to the purchase? As with most things in life, cash talks.
Can you afford a monthly payment? If so, how much?
How is your credit? Would you be able to get financing with top lenders (banks, credit unions), or do your credit challenges require you to seek financing with sec [...]