Used Car buying
My husband and I have 2 cars: 1one has a dead transmission and one runs but has major body defects and is not very safe. My husband commutes to work 2 hours a day and there is no mass transit therefore we need a reliable car that gets good gas mileage. We are looking in the $3500-$5,000 range. It has to last a few years without expensive repairs. I don't want to still be paying off a car thats has since died! Since both our cars have no resale value we are going to scrap them and was given a quote of $400 each. We will use the $800 plus an extra $250 we have saved up for a down payment. We are low income and can afford a maximum of $120 a month on a payment plan. With a bankruptcy 2 years ago and shaky credit we are not even sure we will be able to get financing. We don't have enough cash on hand to outright buy from a private seller...so a dealership is really our only option. So, I was wondering if anyone has any advice for someone in my position? I live in PA if it matters. Thanks!