Simple Ways to Afford a Car When You’re Strapped for Cash

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In desperate need of a car but struggling with finances? This is a tricky situation to be in, but there are ways of navigating it and making it happen.

Financial troubles are one of the most common stresses faced by the average adult, and you just know that piling on more and more expenses to your monthly budget is going to be challenging or even impossible. But sometimes, investing in our own means of transport becomes a necessity, and then how do you handle it? 

Here are five tips to help you be able to afford your own car, even when you’re strapped for cash. 

Shop in the Right Places

First of all, make sure you shop in the right places and look for the very best deal you can find. 

You might want to opt for a buy here pay here dealer, or simply look for second-hand cars. Buying a car from a private seller will often be a cheaper deal, but you run the risk of being taken for a fool, too, so do your research and take your time on your decision. 

Shop for the Right Vehicles

Next, you obviously aren’t going to be shopping for a luxury car. Consider which options are the most affordable but still safe and practical, and then start shopping for those models secondhand. 

There are always pros and cons to buying a used car, but the same can be said of purchasing brand new. See what you can find and then weigh up your options depending on what your budget says. 

Consider Your Finance Options

Most people can’t afford to buy a car in cash, which is why there are different ways to finance the purchase.

Talk to the dealership, as well as your bank, to figure out what the best option for you might be and which finance option will give you the means by which to actually be able to make the monthly payment and get your hands on a car. 

Cut Back on Unnecessary Expenses

This doesn’t have anything to do with the car itself, but consider how you can cut back your expenses in order to be able to pay for a car each month. Even if you live within your means, there are always areas where you can lower your bills and cut your monthly spending to make room for a car payment (or savings).

Take the time to assess your spending and remove non-essentials like subscriptions, unused gym memberships, and dining out too often. 

Take Care of Your Car

Once you actually own a car, it’s important to manage the running costs too. Car ownership can be expensive beyond just paying off your loan, so making sure to keep the other expenses as low as possible is a must. 

Staying on top of preventative maintenance is one of the most practical ways to reduce your vehicle expenses. Don’t run your car into the ground – take it for its annual service to avoid breakdowns and paying massively for repairs.


Chris Blondel is a screenwriter, blogger, and an all-around fungi. He lives in northern New Jersey with his 80 year-old grandma and a pitbull named Gucci and refers to himself as a needle in a gaystack.

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