Question: Can I Get A Car For $1000?

Can I buy a car with 1500?

The rule is this: The purchase price of a vehicle (taxes included), shouldn’t exceed $1500 per year, when averaged over the number of years you own the vehicle.

The rule applies regardless of vehicle type (car, truck, SUV), or whether it’s new or used..

How much money do you need to buy a decent car?

The frugal rule: 10% of income For many people, I think that will be between 10–15% of your income. So if you earn $25,000 a year, that’s going to be a high-mileage used car for $2,500–$3,000. If you earn $80,000, that’s a used car for around $10,000 or $12,000.

What is the cheapest state to live in?

MississippiMississippi The cheapest state to live in in the United States is Mississippi. Overall, Mississippi’s average cost of living is about 19% lower than the national average cost of living. Mississippi’s living wage is only $48,537 and has the cheapest personal necessities anywhere in the country.

What is the cheapest brand new car 2019?

The 10 Cheapest New Cars of 2019Michael Simari. 1 of 10. … 2 of 10. 2019 Toyota Yaris L Sedan | Price: $16,370. … 3 of 10. 2019 Chevrolet Sonic LS Sedan | Price: $16,295. … 4 of 10. 2019 Kia Rio LX Sedan | Price: $16,195. … Michael Simari. 5 of 10. … 6 of 10. 2019 Mitsubishi Mirage G4 ES | Price: $15,690. … 7 of 10. … 8 of 10.More items…•

What car will last the longest?

See the full list of the longest-lasting car brands below:Toyota. Toyota Land Cruiser. Hollis Johnson/Business Insider.Honda. Honda Accord. … GMC. GMC Sierra Denali. … Chevrolet. Chevy Silverado. … Ford. Ford Mustang. … Lincoln. Lincoln Navigator. … Subaru. Subaru Crosstrek Limited. … Jeep. Jeep Wrangler Unlimited. … More items…•

What kind of car can I get for $1000?

15 Used Cars You Can Buy for Under $1,000 in 20212004 Toyota Camry: Selling Price: $800.2000 Honda CR-V: Selling Price: $900.2003 Ford Taurus: Selling Price: $700.2001 Volvo S80: Selling Price: $950.2001 Honda Civic: Selling Price: $750.1996 Volvo 850: Selling Price: $500.2005 Subaru Outback: Selling Price: $800.More items…•

What kind of car can I get for $12 000?

There’s a wide range of cars from compacts to big family sedans on our list of 10 Best Used Cars Under $12,000.2015 Honda Accord. … 2015 Subaru Legacy. … 2015 Nissan Altima. … 2016 Toyota Corolla. … 2016 Kia Optima Hybrid. … 2016 Volkswagen Jetta. … 2012 Buick LaCrosse. … 2012 Hyundai Genesis.More items…•

How much will a dealership come down on price on a used car?

According to iSeeCars.com, used car dealers cut the price on the average vehicle between one and six times over that 31.5 day listing period. The first price drop is significant — the firm says that the price drops, on average, by 5% the first time the dealer rips the old sticker off the car and pops a new on.

What are the best used cars under $10 000?

Best Used Cars That Are Under $10,000Honda Accord. … Ford Focus. … Hyundai Elantra. … Mazda Mazda3. … Toyota Avalon. … Honda Fit. … Toyota Prius. … Subaru Outback. If you need the utility of a station wagon at an affordable price, keep your eye out for older models of the Subaru Outback.More items…•

What is the best car for $20 000?

Best Cars Under $20,0002020 Kia Forte.2020 Subaru Impreza.2020 Volkswagen Jetta.2020 Kia Soul.2020 Hyundai Kona.2020 Honda HR-V.2018 Honda Accord.2016 Ford Mustang.More items…•

What is the best used car for under $2000?

7 Reliable Cars That You Can Score for Less Than $2,000Sixth-Generation Honda Civic (1996 – 2000) … Eighth-Generation Toyota Corolla (1998 – 2002) … Fourth-Generation Toyota Camry (1997 – 2001) … Fifth-Generation Honda Accord (1994 – 1997) … First-Generation Toyota RAV4 (1996 – 2001) … First-Generation Honda CR-V (1997 – 2001)

What kind of car can I get for $1500?

Best Used Cars Under 15002004 Nissan Sentra. While you won’t be able to get a top-of-the-line Sentra, a base model should fall within your budget. … 2002 Chevrolet Malibu. … 1997 Ford Escort. … 1991 Lincoln Town Car Signature. … 2001 Chevrolet S-10 Pickup Truck. … 1994 Volvo 940 Turbo Wagon. … 1997 Cadillac DeVille d’Elegance. … 2002 Jeep Grand Cherokee Laredo.More items…•

Where is the cheapest place to buy a car?

The cheapest city to buy a used car might surprise you, as its cost of living is pretty high. However, Miami, Florida comes in as the cheapest city for used cars. Rounding out the top 5 cheapest cities for used cars are Cleveland, Ohio; Akron, Ohio; Stamford, Connecticut; and New York, New York.

What is the least expensive way to own a car?

There is nothing quite so expensive as a brand-new car. There are times, rare though they be, when financing a new car might be advisable. But generally speaking, the cheapest way to own a car is to buy a late model, used, domestic car with cash.

How many miles is too much for a used car?

How many miles are too many? Really, it depends on a lot of factors but, if in doubt, shoot for the 12,000-mile/year average. Even so, don’t be afraid of cars that are outside of this range, provided the used car in question has been well maintained and there are records to show that.