The used car market is just like any other market; prices go up and down constantly and what is worth something today can be worthless only a few months from now.
When buying a car for under 1000 dollars or any used vehicle, getting a great deal of course comes by doing research. A part of that research is determining if the value of a certain type, make, or model is experiencing a period of inflation or deflation. Now the most important factor in making a used car purchase is deciding what your own needs are and finding a vehicle that can best suit that need. Unfortunately your personal needs may also be shared by many others which means that the vehicle your looking for could be in a period of high demand forcing you to pay higher prices.
An example that we are seeing today of course with rising gas prices is a spike in the used gas savers, especially of the Honda/Toyota/Mazda variety. Since so many are scrambling to find these cars that are known to be cheap, reliable, and fuel efficient the prices are starting to rise dramatically (which is great if your a seller) and if we wish to find a “great deal" we must approach the situation with caution. I don't doubt that the prices of fuel and vehicle owner ship won't continue to rise, but rushing out and buying just any old beater with a four cylinder motor is not the way to go.
Just like with any other car purchase we still need to negotiate a fair price and keep in mind that these types of vehicles are produced in mass quantities each year so if the deal doesn't feel right then move on to the next. A way to think outside the box in this situation would be to maybe target a vehicle that can suit your needs, but may not be as heavily pursued.
If a Toyota or Nissan four cylinder to use as a daily is your target, because they are small, cheap, and reliable of course people will be out looking or a corolla or sentra. So ask yourself; have you considered a truck? We tend not to think of trucks as gas savers, but many of the foreign and domestic small trucks get just as good of gas mileage as any economy car and have rock solid reliability.
80's & 90's Toyota Pickups
Nissan Hardbody and other Pickups
Any of these trucks can provide reliability, Fuel Efficiency, and practically the same amenities and drive-ability of most economy cars. The point is keep in mind what makes economical vehicles so economical and open your eyes to what else might fit your needs.
About the Author:
Brian Ostrowiak is the co-creator of http://www.1000DollarAutos.com and an avid car enthusiast who often buys and sells cars and trucks for less than one thousand dollars.
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