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Question DetailsAsked on 7/18/2013

What kind of car can I purchase for $1,000?

Where can I find a car for $1,000?

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Almost any brand you want, only it will be old, very hi9gh mileage, or have something wrong with it, or all of the above. For $1000 you are talking almost a junker or one that is probably 10-15 + years old and quite high mileage. Except in the worst parts of town almost no used car lots will have a car that low in price, so your bet bet is to check the newspaper and web ads for cars for sale by individuals.

Do a good test drive of it, and if you are not car savvy, have your mechanic look it over for significant issues for about $75-125 to be sure before you commit to the sale.

Unless a very old low-mileage car driven only on Sundays by the little old lady from Pasadena or a quite new high-mileage car like a travelling salesman's car or cab that did 40,000-100,000 miles per year, expect the possibility of frequent and possibly significant costs from the car - quite possibly exceeding the purchase price every year or two.

Remember - except for Estate and repossession sales and the like, a car going that cheap is not your typical trade-in from someone who get a new car every 3-5 years - it has been in a major accident (check its accident history on CarFax or equivalent), has become a liability because it is starting to have major maintenance problems, has a problem now that was going to cost more than the car was worth, or is very high mileage and was starting to worry the owner about reliability, so they are ready to get rid of it.

Answered 7 years ago by LCD




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