The Smartest Ways to Save on a Used Car

What do most people do when they need a car? They go to the dealership and leave with one. But that’s most people. Most people are broke. You don’t want to be “most people.” The following post describes the many, many creative ways to get into a car and save tons and tons of money. These are the obscure ways to save on transportation.


Get Something with a Rebuilt Title

Car with salvage titles typically sell for about half the price of a ‘clean title’ car – even after they have been repaired. That means you can get a car that looks, runs and drives like it just rolled off the lot. Except you can get it at a 50% price reduction simply because something negative happened to the car in a past life.

The risk in doing this is that the car you’re buying may not have been repaired properly. Or perhaps there is still damage to the car that remains to be uncovered. So proceed with caution. If you’re not great with cars, recruit a friend who knows what to look for. Things you’ll need to look for are improper welds, safety hazards and most importantly – ensure the frame is straight. A tweaked frame means the car won’t align properly and it’ll lead to problems like the tires wearing unevenly.

Also ask where the car was repaired. Is it a reputable repair shop? If so, you should be golden. This is how you buy a car for 50% off without it looking like it was ever damaged.

Buy Something That Has Been Recently Crashed

Want to save even more money? Then buy something that has been crashed – and is still looking gnarly. This is the cheapest way to get a car. I have a friend who just bought a 2013 Ford Fiesta with 18,000 miles for just $3,500!!! It came with a damaged quarter panel and rear bumper cover. After putting about $1,000 worth of body work into it, the car looks just like new again. The car, even with its now rebuilt title, will sell for $10,000. Pretty incredible.

Buy and Resell

Someone I know does this regularly. He buys a car off Craigslist, drives it for a while and then sells it on for a profit. Yes, he gets a free car to drive and later sells it for more money! He says the moment you make money is when you buy the car. So he recommends you negotiate and get a good price on the front end.

I did this in high school. I bought a Mitsubishi Eclipse, owned it for 3 years and sold it for the exact same price. It’s how I got a free car. It’s a pretty awesome feeling when you get a car, use it and sell it on for the same price as you bought it for years ago. Besides fuel and insurance, the car was free. Pretty awesome.

Final Thoughts on Obscure Ways to Get a Discounted Used Car

These are the 3 ways I recommend for getting a discounted used car. The discounts can be extreme – as much as 50%! Don’t be like the average person who strolls into a dealership and pays a huge amount of their net worth just to have a car to drive. Be smart. Use one of the above mentioned hacks for buying a used car. Let me know in the comments below if you’ve scored any incredible deals.

Save More Money in 2018

Coins 1523383 1920

Subscribe and join the worldwide 52-week money challenge! Get the tools you need right to your inbox.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

Share this post:

Recent Posts

Leave a Comment


What’s the Best Free Recipe App?

The Apple Store and Google Play together offer more digital cookbooks than you probably have room for on your mobile device. So which... more →
New tax law might slow down housing market.

What Will the New Tax Law Do to the Housing Market?

The new tax law will have a profound impact on the housing market, although in ways that go beyond the deductibility of mortgage interest... more →

4 in 5 Households Will Get a Tax Cut in 2018

Four out of five U.S. households will get a tax cut as a result of the legislation that President Donald Trump signed into law today. more →
Will bitcoin reach $100,000?

When Will Bitcoin Reach $100,000?

Bitcoin has accelerated its pace of appreciation in recent months, and if the current levels between $15,000 and $19,000 make you itch... more →
The Dow Jones topped 24,000 -- now what?

The Dow Jones Crossed the 24,000 Threshold. Now What?

Stocks appear to be increasing in volatility, yet the markets closed on Monday, December 4 with the Dow Jones Industrial Average is... more →
Peer mortgage

Should You Get a Peer-to-Peer Mortgage?

If you can’t get approved for a home loan from a bank, you might want to look into applying for a peer-to-peer mortgage. more →
Investment gifting is awesome.

4 Things To Know Before You Donate an Investment

While donations of any kind are appreciated, gifting investments benefits both the giver and the receiver. Here are four key things... more →
Are you wondering: What's the Relationship Between the Stock Market and Federal Debt?

What’s the Relationship Between the Stock Market and Federal Debt?

Wouldn’t it be wonderful if gains in the stock market could actually reduce U.S. government indebtedness? If that were true,... more →

Best Ever Advice on Dealing with Credit Cards

When used right, a credit card can be a valuable asset to anyone’s finances. However, there are number of things you should do as... more →