Cars for $100

If you really want to save a bundle of money, you should really try cutting back on the big expenses.One of the largest of these expenses is the family car. Not many people truly understand the expense of owning a car.

Let’s break it down.  If you’re buying a new car that you finance, you have to pay full price and then some (because of interest).Being a new car, you have to pay for the full insurance coverage.Maintaining the car is yet another expense.  This all adds up quickly.

Compare all this with something such as a $100- clunker.You’ve spent many thousands less than a new car, and you have no interest payments either.  Even if you spend $5000 you’re still coming out way ahead.

The cost for insurance is much lower.  Since your car is so cheap, you only need the minimum level of insurance required by your state law, which will save you money every month.

This might not seem like the best plan to many of you since it seems like an old car like this would break down constantly.  This doesn’t have to be the case.  In order to get the most reliable car for my money, I prefer to go with older imports such as a used Subaru.  These are very reliable, lasting hundredes of thousands of miles.

The best way to find old cars like this is to check used car listings, which will many different vehicle options to choose from.Be sure that you investigate the background of any car you’re looking at before you pull the trigger.

If you are willing to drive an old, beat up car, you will be shocked at how much money you can save.By driving a clunker, you have much more money left month to month while still being able to get around just as well.  Give some thought to it, you just might make the best financial decision of your life.

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