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Used cars for under 10,000 dollars in Louisville KY?
Getting the cash together for a sizable down payment on a brand new car can be tough in today’s economy, and more buyers than ever are looking to the used market when it comes to replacing aged vehicles.
According to the FTC the cost of a new car is second only to a home as the most expensive purchase many consumers make. The National Automobile Dealers Association states that the average price of a new car sold in the United States is $28,400. That’s a lot of money, and often more than the average consumer can afford during these down economic times.
Affordable Used Cars at Affordable Prices
Selling used cars for under 10,000 dollars in Louisville KY is a specialty of all of the Louisville Car Guys team members. And yes, it’s still possible to get a quality used automobile, truck of mini van for under 10K. When you can’t afford to lay out 30K for a cash purchase, or don’t want a payment in excess of 5 to 7 hundred dollars per month, with the associated full coverage insurance fees. The used car or truck for under 10K purchase starts looking better and better.
So what should a consumer expect to get for $10,000.00 in today’s used car market?
Depending on make and model? A decent vehicle with between 50,000 and 150,000 miles on it. Due to the recession, used car prices have been on the rise for 4 years now. That and the recent cash for clunkers program instituted by our national government, has driven the price of quality used cars up considerably higher than the historical prices we were previously used to. But the decent deals are still out there, they just take a little searching to find. Also if you can pay cash, you will almost always get a better deal.
Some things to consider when buying a used vehicle
- How long will a high mileage used vehicle run? With increased maintenance and attention to suggested procedures in the owners manual, it’s easy to get 200,000 to 300,000 miles out of a 2000 model or newer vehicle. Simply put, if you neglect the car and don’t take care of it, it will not take care of you. And you will find yourself with a trashed out ride and be wondering what happened. When the reality is that it wasn’t what happened that caused the car to fail. It was what didn’t happen, such as regular maintenance like changing the timing belt, making sure the coolant is in good shape, and changing the transmission and power steering fluid. See our article ( Caring for Cars With High Mileage ) to learn more.
- Taxes? Insurance? Bank Fees? Yes when you purchase a used vehicle these things still come along with the purchase. State Taxes alone on a $10,000.00 dollar used car are $600.00 for Kentuckians, and $700.00 for Residents of Indiana. If you finance the purchase you will probably see $600.00 to $1500.00 in bank fees associated with setting up the loan for the vehicle. Then there’s the license registration and fees associated with the dealers paper work, this is typically refereed to as the “doc fee” or documentation fee, and yes you will have to pay it.
- Be Prepared to Make a Purchase on a good deal! When you find a good deal, get the car! Buy it that day! The chances of it still being there at the end of the week are not good. Remember? The market simply is not a buyers market at this time, It’s a sellers market. With the economy down and the decreasing supply of used cars available, more and more often we have people coming to our website and finding a car they like, only to end up needing to think about it for a few days. Then they come back only to discover the vehicle has been sold to a visitor that knew a good deal and took advantage of it. Always remember.. What looks like a good deal to one buyer generally looks good to all buyers.
Call Us For A Car Today!
502-498-5573