Secret to Finding Extreme Savings on Beater Cars
Evaluating the True Cost of a Beater Car
When considering a beater car, it's essential to evaluate the total cost of ownership. This includes not only the purchase price but also potential repair and maintenance costs. Older vehicles may require more frequent repairs, so it's crucial to have a trusted mechanic inspect any potential purchase. According to Consumer Reports, the average annual repair cost for older vehicles can range from $500 to $1,000, depending on the make and model1.
Insurance is another factor to consider. Beater cars typically have lower insurance premiums, as their replacement value is minimal. However, it's wise to compare insurance quotes from different providers to ensure you're getting the best deal. Websites like NerdWallet offer tools to compare insurance rates and find discounts2.