Author Topic: Have a small amount of cash, need a car for work best way to do it?  (Read 1257 times)

doylestyle

  • 5 O'Clock Shadow
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  • Posts: 2
hi there, i need help. I'm just starting my journey in this area.

here is the deal.

Have right under 3000, need a car that is reliable.

I work in music and have a constantly changing schedule so i intend to start Uber/Lyft driving to bring consistent money.

I have a very bad credit score from dodging student debt because I'm an idiot.

should i buy a newer used car that has a warranty or and older car for cash?

thanks. pd

Cougar

  • Bristles
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  • Posts: 344
Re: Have a small amount of cash, need a car for work best way to do it?
« Reply #1 on: April 30, 2015, 10:05:08 AM »
i gurrantee you can find a car 5 years old with less than 30,000 miles or 10 years old with less than 60,000 miles, or averaging less than 6,000 miles a year.

if i were you, i'd look for a 5 year old car with 30,000 miles. you have one with low miles and probably a year or three from having to worry about replaicing anything beside tires.


i'd also look to buy or get a loan to buy from a private seller if possible. something i learned the hard way that unless you have a unique, like porsche for sale; most people will buy from dealers because no one has cash; so private sellers of common cars have to sell it barely above trade in.

i had one listed at the bttom of the retail market price and still couldnt sell it because no one would pay above kelly blue book.