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I am a collage student(two years to go) I have $2000 how should I buy a car?

Answers from the Automotive Experts

Patricia Algier , Owner at Valley Dealer Exchange Inc Dear Mary, Unfortunately $2000.00 will not get you a reliable car. It may be better to use it as a down payment on a 7 or 8K car. You will need a co signor. Patti

Jessie L Thatcher, F&I and Sales Specialist at Reynolds and Reynolds Company  (Retired) You should find someone you trust who might have a vehicle that would fulfill your needs. Avoid going into debt at this point in time. If that is not possible you should avoid any Buy Here Pay Here car lots or any other ones that are not associated with a reputable dealer. Do not let anyone talk you into something you cannot afford to make the payments on as this is the quickest way to ruin your credit in the future. Look for a vehicle that is sound mechanically even if it is not the car of your dreams. You can get that later when you have finished school and are able to take on a little bit of debt.

Amy Mattinat, Owner and Author at Auto Craftsmen Ltd Hi Mary, a $2000 car that is in reasonably good shape is very hard to find. For this amount of money you will mostly find only old, high mileage cars. These cars almost always need about $1000 - 2000 more dollars in repairs to make safe, reliable and will continually need more money to keep repairing and servicing them. I call these vehicles a money pit. If at all possible, keep taking public transportation until you can save up more money (around $6000 - $8000)or until you can afford to take out a loan and pay a monthly amount that is in your budget. All My Best, Amy Mattinat

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