Buying A Car in Atlanta, GA With
Only 500 Down
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You Can Buy a Car in Atlanta with a $500 Down
Payment
Do you currently need a car? Has your credit seen better days?
Don't despair if you need a vehicle and you can only lay $500
down on the negotiating table. Of course, that sum might not be
realistic if you have your sets sight on an upscale luxury car
like a Mercedes. However, in Atlanta,
if you focus on purchasing reasonably-priced transportation, you
can buy a car with a small down payment.
Determine the Dealer's Down Payment Policy
In Atlanta, you can find a used car dealer who will work with
you at brick-and-mortar locations as well as online. However,
it's probably best to start online where you can take your time
and survey the selections. Before you peruse the offerings at
the various dealerships though, give them a call. Ask the sales
manager if he absolutely requires a down payment and, if so, find
out what minimum amount he'll agree to accept. In most instances,
and certainly in the current economic climate, dealers want to
sell cars. Therefore, many can afford to be a little lenient.
Once you determine their down payment policy, you can search for
the cars you are interested in online at the dealers that will
provide the terms you require.
Obtain a CARFAX Report
You'll want to check out the amount of mileage on the car as well
as its overall condition. Make sure you obtain a CARFAX report
on each vehicle that you like as well. Many used car dealers provide
links to free CARFAX reports on their web site so take advantage
of this benefit if you can. If you find a dealer in Atlanta that
doesn't provide a CARFAX link or listing online, then call him
and ask him to supply you with a report. A CARFAX report is a
good bartering tool as it can give you the history of the vehicle
and help you determine what repairs may be needed as well as the
actual mileage.
Give Careful Thought with Respect to your Selections
Visiting Atlanta
car dealers online is good preparation for buying a car. Once
you determine which cars you like, make a list of the benefits
of each vehicle. For example, you may work in construction and
need a small truck to haul your tools and equipment. Or, you may
be a student who merely needs transportation to get to and from
school. Give careful thought to what you are buying with respect
to utility and economy. You might like the idea of a luxury vehicle,
but a $500 down payment will lead you toward purchasing a vehicle
that will provide you with your basic transportation needs.
Check out Online Financing Options
Check out financing online as well. Many car loans can be facilitated
in Atlanta with a deposit of $500. In particular, subprime loans
can be taken out for only $500 down, or even without a down payment.
Take the initiative then to obtain a loan even if you have bad
credit. No - you won't get as good of an interest rate but taking
out such a loan gives you the opportunity to improve your credit
score and obtain the transportation you need at the same time.
Choose a Reasonably Priced Vehcile
Just remember, whether you obtain a loan online or not, you have
better chance for getting a loan if you choose a car that is not
so pricey. As long as the amount you are financing isn't too great,
you can find an auto dealer or lender in Atlanta that will be
more than willing to see you put any type of equity towards the
amount of your loan.
The Prerequisites for Obtaining a Car Loan
Keep in mind too the basic criteria for obtaining a loan - you
must be at least 18 years old and have been employed for at least
six months. In most cases, you can negotiate a deal for a car
by meeting those two prerequisites alone.
Something is Better than Nothing
Using the above strategy, you should be able to finance a car
for $500 down in the Atlanta metropolitan area. After all, something
is better than nothing and the down payment is not necessarily
set in stone.
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