As gas prices rise and the economy remains challenging, an increasing number of people are looking to save money on their new car purchases. The cheapest car types are normally subcompact and compact models. When you combine their starting prices with their increasingly more fuel efficient-engines and improved quality, their sales have been increasing. For example, the new Ford Fiesta set a monthly sales record in March 2011.
If you are looking for the Cheapest New Cars on the market, then without doubt the best place for buying is at government auctions. This applies not only to the USA but anywhere in the world. It is like having a place where all the latest brand new cars are always on sale at the cheapest prices.
When people hear the phrase Cheapest New Car, they could interpret it in one of two ways. One, the new car is of poor quality and that is why it is so cheap. Or it could mean that the car is of high quality in its original new form, but is available at the cheapest price. Government auctions provide the latter. Here you will find near new cars with very low miles at the cheapest prices because of the urgency of their sales.
Government auctions provide the only place where you can buy used government related cars which are only 2 to 3 years old with full log books and service history. You will also find thousands of repossessed vehicles most of which are also very young with low miles. The reason why these places create the Cheapest New Cars is because they will sell these near new cars at nearly any price. While it may seem strange to accept really low offers it ends up being cheaper for the government to rid themselves of these vehicles to avoid paying expensive ongoing storage fees.
Most people will not search for the Cheapest New Car when they look for their next car purchase and will happily pay the normal retail value. Many often think it will take too long to find the cheapest price and will settle when they find a comfortable value. To assist them in their purchase they may use a financing option to fund their new car. However if they cannot make payments the lending company will eventually have no other option but to seize and sell their vehicle. This new car will be sold at government auction and due to the urgency of the sale the financing company will accept any reasonable offer. This results in these cars being sold for absolute bargain prices and thus creates a place for the Cheapest New Car on the market.
Government auctions can start as low as 100 dollars and you can purchase very young cars for up to 95 percent off their retail value. Your only competition will be others who have attended to bid for your desired car on the auction day. In fact your main competition will be car dealers who realize the bargain potential of these places and understand that these venues are truly the cheapest places to buy cars. By buying your new car ahead of the dealer you can save thousands off your new car purchase. You will still have a standard 3 month warranty on all sales and have the option to extend this length of time giving you total peace of mind with your new car purchase.
