Three Ways to Save for a Down Payment for a Used Car

Posted by jcme on Monday , March 16 , 2009 at 5:05 am Comments: 0

buying a used carA used car is just like other major purchases: They often require a down payment. But there’s no reason to fret about that because saving a down payment is easy if you are dedicated and are willing to make a couple changes. Here are three easy ways to save a down payment to get one of the quality used cars of your dreams.

1. Have a rummage sale. You might be surprised how much money you can bring in by selling some of your unneeded “junk.” Be willing to part with some things and you can make a good chunk of change. You can do the same thing by selling on eBay.
2. Change your entertainment lifestyle. Instead of going to the movies, rent a movie and stay home. Instead of going out to eat, make dinner at home. It might be a sacrifice, but it’ll pay off when you can drive to your favorite theaters and restaurants in your beautiful used car.
3. Set up an automatic transfer to your savings account. When your money is automatically transferred to your savings account, you are less likely to spend it. This will help you save up your down payment for a used car.

Filed under: Buying a Used Car

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