Current Events > What price is cheap/expensive for a car?

(+) Yeah! (+)

I know nothing about buying cars.
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kbb.com
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It depends on what you want. There are 10 to 15k econoboxes to 250k+ supercars.
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http://www.gearheaddiva.com/wp-content/uploads/2011/05/kitt-knightrider.jpg
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Depends on the car. The better question is how much do you want to spend? Then come up with options from that.
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I just want a simple, inexpensive car that can get me around to where I need to go. Nothing in particular.
From what little understanding I have of this, I have to get a car note and pay it off in chunks, as well as the car insurance? So after I pay the car off, it's mine for good? I just have to pay the insurance at that point?
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What's your budget?
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Cheap: $1k
Expensive: $5k
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If you're looking to buy new, the bottom end starts closer to $15k. You can get something nice in the $20-30k range and $30-40k cars are loaded with options. Above that you're looking at luxury brands/models or the kitted out trucks/SUVs

Used market is of course, all over the place and you can spend as little as just 500-1000 on a piece of garbage or just under the new price for a model that has minimal depreciation and few miles


If you take out a loan, the bank owns the title to the vehicle until the loan is paid off, then they give you the title when it is paid. Pretty much any bank will also require you to carry comprehensive insurance on the vehicle as part of the terms of the loan so you will have to pay more insurance compared to bare minimum liability insurance you can get away with if you own the vehicle entirely.

Also most banks won't finance a vehicle older than so many years (though there are exceptions for older exotic vehicles that you don't seem to be in the market for)

Lastly, new vehicles can have significant licensing/taxes (depending on your state) that are paid every year

It hear so many horror stories regarding used cars. Granted, the people I hear them from tend to be dipshits that buy that would unknowingly buy a shitty car from shady people.
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