Tuesday, June 10, 2014

Review of 500 dollar cars::Used Cars under 700 Dollars?







Review of 500 dollar cars::Used Cars under 700 Dollars?








I               don't               think               anyone               could               have               anticipated               the               wild               success               of               the               U.S.

government               Cash               for               Clunkers               program.

Aside               from               hearing               constantly               of               the               collapsed               credit               markets               and               the               urgency               of               a               787               billion               dollar               stimulus               program               to               prevent               an               even               greater               depression,               you'd               think               two               things:               that               people               didn't               have               any               cash               or               credit               left               to               apply               to               new               cars               and,               two,               that               there               weren't               that               many               "clunkers"               out               there.

Wrong               on               both               counts!

Auto               dealers               are               reporting               a               run               on               cars,               taking               in               so               many               "clunkers"               that               some               dealers               are               worried               that               the               program               would               run               out               of               money               before               they               get               the               rebates               for               clunkers               already               taken               in.

There               is               a               reported               $1               billion               dollars               invested               in               the               Car               Allowance               Rebate               System               and               each               qualifying               person               or               vehicle               could               get               up               to               $4500               dollars               depending               on               the               mpg               improvement               on               the               vehicle               purchased.
               There               are               some               rules               required               for               qualified               participants               in               the               program.

The               "clunker"               must               not               be               more               than               25               years               old               and               must               get               less               than               18               miles               per               gallon.

You               have               to               have               had               the               vehicle               insured               for               all               of               the               last               twelve               months,               and               this               is               verified               through               contact               with               your               insurance               company.

You'll               need               a               clear               title               to               the               vehicle               you're               giving               up.

Because               of               the               paperwork               mountains,               the               additional               workload               has               stressed               both               dealers               and               customers.
               I               needed               a               new               truck               and,               while               my               present               truck               is               qualified               for               the               program,               I               couldn't               afford               the               truck               I               needed,               even               with               the               discount.

In               order               to               buy               the               truck,               I               would               have               had               to               take               on               too               much               debt,               not               a               wise               option               in               this               economy.

New               vehicles               lose               thousands               in               value               during               the               first               year               of               ownership.

Cash               for               Clunkers               doesn't               make               sense               for               those               who               might               take               on               too               much               debt               outside               of               the               $4500               you               might               get               from               the               program.
               So               I               then               responded               to               a               mailer               from               the               Ray               Price               Ford               in               Stroudsburg,               Pa.

and               decided               on               a               small,               high-mileage               compact               car.

The               ad               brochure               was               targeted               for               the               low               end               trim               Ford               Focus               S-model.

Applied               discounts               included               a               $254               dealer               discount,               a               $1500               Ford               cash               rebate               to               customer,               an               additional               $500               dollar               Ford               Motor               Credit               discount               for               those               who               took               the               Ford               financing.

I               didn't               need               the               financing               but               took               it               anyway               in               order               to               get               the               maximum               discount               off               the               base               price               attached               to               that               model               Ford               Focus-a               base               price               of               $16,200.
               There               were               a               few               conditions               put               upon               my               freedom               of               purchase               by               my               wife.
               "Don't               come               home               with               a               red               one               and               be               sure               that               whatever               you               get               has               an               automatic               transmission.

And               no               black               interior!"
               The               automatic               transmission               option               would               cost               about               a               $1000               bucks               more.

Red               cars               are               the               ones               most               often               ticketed.

Black               interiors               showed               dirt.
               The               ad               brochure               had               displayed               in               bold               italics               the               phrase               "No               Gimmicks"               so               I               pointed               that               out               to               my               salesman,               Larry               Gordon.

The               dealership               had               only               one               Ford               Focus               S               in               stock               and               that               one               had               a               manual               transmission               Gordon               went               to               the               company               computer               and               located               the               nearest               Focus               with               the               S               trim               at               a               dealership               in               Phillipsburg,               N.J.

We               did               the               arithmetic               and               decided               to               write               up               the               deal.
               "Wait               a               minute...I'll               call               the               dealership."
               He               came               back               a               few               minutes               later,               disappointed.
               "Sold,"               he               said.
               Under               normal               conditions,               that               would               be               an               opening               for               the               famous               auto               sales               bait               and               switch,               but               not               in               these               tough               times.

I               took               a               look               around               the               relatively               small               dealer               outlet               and               noticed               that               the               chairs               and               desks               were               filling               up.

A               few               weeks               earlier               I'd               stopped               at               a               large               dealership               in               another               town               and               you               could               hear               the               wind               whistling               through               the               gravestones-cars               in               this               case.

Nary               a               soul               to               be               found;               it               was               sad.
               There               was               a               middle-aged               couple               in               the               process               of               buying               a               Ford               Escape               at               the               table               next               to               us.

I               had               a               chance               to               talk               with               that               couple               and               look               over               their               car               while               Gordon               perused               the               internal               Ford               listings               of               nearby               dealerships.

The               middle               aged               couple               had               traded               in               a               van,               they               told               me.
               Across               the               room,               there               was               a               young               African-American               couple               working               with               a               salesman               to               get               their               monthly               payment               down.

All               I               got               from               eavesdropping               was               that               the               guy               was               operating               some               sort               of               business               and               their               trade               car               didn't               qualify               for               the               $4500               Cash               for               Clunkers               Plan.

He               was               trying               to               get               a               leased               vehicle.
               At               another               station,               there               was               an               old               couple               patiently               waiting               for               their               salesperson               to               return.

They               appeared               to               be               in               their               80s,               well               groomed               and               dressed,               and               appeared               well-to-do.

While               Gordon               searched               the               internal               computer               listings               for               another               vehicle               that               the               dealership               refused               to               give               up,               I               sleazed               over               to               talk               to               the               senior-senior               citizens.
               They               were               disappointed               because               their               car               didn't               qualify               for               the               "Clunkers"               program.
               "What               kind               of               car               are               you               trading               in?"               I               asked.
               "A               2000               Ford               Escort,"               they               said               in               unison.
               For               the               year,               their               trade-in               had               low               mileage-73,000.

They'd               had               a               transmission               problem,               though,               which               they               said               was               fixed               twice               by               the               dealer               under               warranty[V1]               .
               Along               about               that               time,               Gordon               called               me               over               to               look               at               another               vehicle               resembling               the               one               I'd               first               picked               out.

We               called               that               dealer               and               were               similarly               disappointed.

They               had               a               buyer               for               that               one               and               didn't               want               to               give               it               up.

I               was               a               little               irritated               and               said               so.
               "You               mean               those               dealers               won't               relinquish               those               cars               to               other               dealerships               even               when               they               have               a               sure               thing               sale?"
               Gordon               explained               it               to               me               and,               after               I               thought               about               it               for               a               minute,               it               made               sense.

I               could               see               that               the               Cash               for               Clunkers               was               beginning               to               look               like               a               bank               run               as               more               and               more               people               came               into               the               dealerships,               and               the               sales               staff               ran               around,               sweated,               dodged               out               to               smoke               cigarettes               at               the               side               and               rear               entrances.

Just               about               everyone               with               a               clunker,               a               bank               account,               and               a               decent               FICO               score               needed               a               new               car-as               I               did.

The               writing               on               the               wall               of               the               Ray               Price               Stroud               Ford               dealership               said               "Let               Ford               Recycle               Your               Ride"               but,               if               you               looked               hard               enough,               you               could               also               see               that               it               said               the               dealerships               would               soon               run               out               of               cars               and               the               government               could               likely               run               out               of               money               for               the               program.

So               I               pushed               for               a               deal               on               the               available               Ford               Focus               cars               on               the               lot-higher               trim               models               as               it               turned               out.

I               selected               the               middle               trim               level               Ford               Focus,               the               SE,               which               had               added               options               of               alloy               wheels,               Sirius               radio               complete               with               subscription,               MP3               hookups,               and               power               door               and               window               and               mirror               controls,               and               a               few               other               things               I               didn't               need               but               liked.

I               told               Mr.

Gordon               of               my               unwillingness               to               pay               more               than               $200               dollars               extra               for               those               options               and               that               I               wanted               to               buy               a               Focus               close               to               the               original               price               we               bargained               for.

To               my               surprise,               the               dealership               agreed               and               we               started               writing               up               the               contract.
               While               Gordon               called               my               insurance               company               to               prove               that               I'd               been               driving               my               own               clunker               and               kept               it               insured               for               the               past               year               or               more,               my               elderly               neighbors               came               over               to               ask               me               what               car               I               was               buying.

I               pointed               it               out               through               the               showroom               window.
               "That               one?

That's               the               one               we               wanted               to               buy,"               said               Mrs.

Elderly               Woman.
               She               explained               they'd               looked               at               the               car               before               I               got               there,               drove               home,               had               a               change               of               mind               and               come               back               to               buy               the               car.

Too               late,               I               thought,               irreverently.

The               car               was               mine.
               So               the               sticker               price               had               been               $17,000               and               some               change               for               the               2009               Focus               SE               as               opposed               to               16,100               for               the               Ford               S               model               Focus.

I               got               a               total               of               $7,000               off               the               17K,               including               $4500               for               my               clunker.

I               got               some               options               I               hadn't               counted               for.

I               got               a               car               with               an               automatic               transmission,               one               that               wasn't               read,               and               had               a               "charcoal"               as               opposed               to               a               black               interior.

I               put               $1500               down               to               shrink               the               amount               owed               and               I               financed               $9,276.39               for               3               years               though               I               will               no               doubt               pay               the               loan               off               in               three               months,               the               earliest               I               can               do               that               without               penalty.
               That               was               two               days               ago.

There               is               new               news               on               the               auto               front.

The               Obama               administration               warned               Congress               yesterday               that               it               may               have               to               cease               the               Clunker               program               because               they're               running               out               of               money.

Obama               assured               members               that               existing               contracts               would               be               honored,               an               assurance               that               did               not               calm               all               dealerships.

Many               dealerships               have               already               stopped               taking               orders               within               the               program.

Others               were               forced               to               do               so               because               they               have               run               out               of               cars.

Just               a               moment               ago,               I               queried               the               Ford               system               for               new               Ford               Focus               cars               by               inputting               my               zip               code.

The               search               turned               up               seven               nearby               Ford               dealers               but               no               Ford               Focus               cars.

All               of               these               dealerships               have               posted               a               standard               apology.

A               Wall               Street               Journal               today               included               an               article               titled               "Government's               'Cash               for               Clunkers'               Program               Runs               Out               of               Gas               Early."               The               same               article               tells               of               a               single               dealership,               the               Lee               Auto               Group               of               Southern               Main,               where               Adam               Lee,               proprietor,               has               stopped               taking               in               "clunkers"               now               that               he               already               owns               100               of               them               and               is               waiting               to               be               reimbursed               $450,000               by               the               Cash               for               Clunkers               Program.
               Finally,               a               government               program               that               works!

Well,               almost....






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    Review of used cheap cars::Craigslist Used Cars by Owner







    Review of used cheap cars::Craigslist Used Cars by Owner








    Families               across               the               United               States               have               been               hit               hard               by               economic               recession,               with               a               majority               of               families               in               many               parts               of               the               country               simply               unable               to               afford               a               brand-new               car.

    Rather               than               taking               out               a               loan               on               a               later-model               used               car,               consider               the               cars               on               this               list               of               quality               and               cheap-to-run               used               cars               under               $5,000.

    The               cars               on               this               list               were               chosen               under               the               assumption               that               the               buyer               is               paying               cash,               rather               than               taking               out               a               loan               which               carries               a               monthly               payment.

    Your               options               will               be               much               open               to               many               later-model               cars               if               you               go               through               a               dealership,               but               many               cars               made               in               the               last               several               years               are               not               built               well.
                   Those               that               fall               under               the               magic               $5,000               price               point               actually               built               to               last               and               worth               driving               will               likely               be               a               couple               of               years               older,               and               thus               likely               be               offered               without               a               warranty.
                   On               the               bright               side,               owning               an               older               and               inexpensive               used               car               outright,               that               is               to               say               without               owing               money               to               the               bank,               will               be               a               huge               weight               off               your               shoulders               should               you               lose               your               income               or               face               other               financial               difficulties.
                   All               of               the               used               cars               on               this               list               have               a               low               total               cost               of               ownership,               factoring               in               purchase               price,               gas               mileage,               insurance               and               cost               of               repairs.
                   5.

    Used               Honda               Accord,               1995-1999
                   You               won't               have               to               look               too               far               to               find               a               used               late-1990s               model               Honda               Accord               under               $5,000               that               has               been               well               taken               care               of.

    The               Accord               is               larger               than               the               other               sub-$5,000               fuel               misers               on               this               list,               so               it               might               be               the               only               viable               option               here               for               families               with               older               children.
                   There               is               a               reason               why               there               are               more               older-model               Hondas               on               the               road               than               cars               from               any               other               automaker,               hands               down.

    These               cars               stand               the               test               of               time.

    Honda               Accords               have               enough               technology               that               silly               little               things               break               from               time               to               time,               but               even               a               "new"               (refurbished               Japanese               import)               engine               will               not               put               you               out               of               house               and               home.
                   The               V6               models               are               known               for               their               durability,               but               of               course               don't               carry               as               good               fuel               economy               as               their               inline-4               counterparts.
                   4.

    Used               Hyundai               Accent,               2003-2007
                   Right               around               the               turn               of               the               millennium               Hyundai               began               to               drastically               improve               its               product               offerings,               especially               the               lowly               little               Accent.

    The               new               generation               of               small               Hyundai               cars               will               still               come               with               factory               warranties               due               to               the               crazy               10               year               powertrains               Hyundai               has               been               offering.
                   The               Accent               makes               a               great               used               car               if               economy               of               operation               is               your               biggest               concern.

    Because               it               is               newer               than               most               of               the               used               cars               under               $5,000               you               will               find               anywhere,               a               nearly-new               Accent               will               be               fresh               if               it               has               been               maintained.

    Early               long-term               consumer               reports               show               that               the               Accent               will               stand               up               to               the               test               of               time.
                   You               won't               win               any               races               or               jaw-drops,               but               the               Accent               is               a               fine               daily               driver,               especially               with               manual               transmission.
                   3.

    Used               Subaru               Impreza,               2000-2002
                   The               used               non-WRX               Impreza               market               is               full               of               huge               bargains,               as               most               used               Impreza               buyers               spring               for               a               few               extra               thousands               for               the               WRX.

    That               makes               the               XXXX-XXXX               standard               Imprezas               a               super               steal               as               frugal               and               fun               used               cars.

    Though               not               legendary               for               their               gas               mileage,               these               cars               won't               burn               you               too               bad               at               the               pump.
                   Not               quite               as               cheap               to               repair               as               the               more               mainstream               Japanese               compacts,               the               Impreza               makes               up               for               it               in               high-weather               climates               due               to               its               solid               all               wheel               drive               system.

    These               trusty               little               bargain-basement               performers               will               handle               in               rain               and               snow               better               than               nearly               every               compact               car               on               the               road.
                   A               well-maintained               2000-2002               Subaru               Impreza               can               give               you               years               of               service               as               one               of               the               best               used               cars               under               $5,000               out               there,               but               keep               up               on               your               maintenance               or               things               will               get               expensive               down               the               road.
                   2.

    Used               Ford               Ranger,               1998-2002
                   Ford's               Ranger               is               the               much               less               common               smaller               truck               offering.

    What               the               F-150               gets               in               thrills               and               mass-market               options,               the               Ranger               saves               as               a               great               no-frills               used               work               truck               or               daily               driver.

    These               Rangers               are               so               easy               to               work               on,               with               inexpensive               parts,               that               they               make               great               used               cars               you               can               do               simple               repairs               on               yourself.
                   Plus,               with               Ford's               perfectly               adequate               four               cylinder,               the               light-on-its-feet               used               1998-2002               Ford               Ranger               offers               top               marks               for               utility               and               cheap               cost               to               drive               as               the               months               and               years               go               by.
                   1.

    Used               Honda               Civic,               1994-2000
                   The               Honda               Civic               earning               top               marks               as               an               inexpensive,               great               on               gas               and               cheap               to               main               used               car               is               the               biggest               no-brainer               on               this               list.

    Civics               hold               their               resale               value               so               well               that               you               will               not               be               able               to               get               as               new               a               model               for               under               $5,000.
                   Still,               with               some               of               the               cheapest               repair               bills               of               any               car               in               the               industry               due               to               the               sheer               number               of               mid-1990s               used               Honda               Civics               still               running               around.
                   Honda's               B15               series               of               engines,               used               in               many               of               the               Civic               models               during               this               period,               are               absolutely               legendary               for               their               durability.

    Pair               that               with               a               chassis               and               snick-snick               manual               transmission               that               can               be               driven               as               a               gas               miser               or               a               wanna-be               sports               car               for               the               poor               man,               and               you               have               a               winning               used               car               combination.






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