Can you Buy a Car in a Year?

Buying a car is a big deal, no matter who you are. They are much more expensive than buying a book or a pair of jeans. Many people finance a car or lease a car instead of buying it with cash. It might seem impossible to be able to buy a car in cash if it costs $20,000 or more.

If you want to avoid this high purchase, you could buy a used car. These are usually cheaper and can be as low as a couple thousand dollars. You could buy a junk car for a few hundred dollars and fix it up.

You could save a lot of money buy buying a car without financing, even a new car. If you financed or leased an $80,000 car, you’d spend a lot more over time than if you paid for it up front. Unfortunately, most of us can’t pay that up front, or at all. Could you save enough money to buy a $18,000 car in a year?

It will depend on how much money you make first of all. If you make under $25,000 a year, you’ll probably have to wait a few more years. Even if you saved every penny you made and paid for nothing, after taxes, you might just barely make it. Not spending anything is pretty unreasonable.

If you live with your parents or somehow get out of paying for a place to live and food, you could save a lot more, but using the money you save to buy a brand new car probably wouldn’t be very respectful to those you are taking advantage of. You should probably put it towards an education or a home of your own.

Could you save $18,000 for a car? Let’s say you have your own apartment and you pay rent of about $700 a month. You have very few bills because you have no cell phone just a very cheap land line, no cable, no internet, and you barely run the water or turn the lights on. You live on Ramen noodles and never leave the house. You save wherever you can.

You make about $35,000 a year and you pay about 15% in taxes. Your after tax income is $29,750. Rent costs you about $8,400 a year. If you could pay for food, utilities, and anything else you need with $3,350 a year or about $280 a month, you could save $18,000 for a new car.

This is possible, but only if you are willing to live on scraps with no social life. You’d have to spend your free time trying to come up with more ways to save money. If you make a lot more than that, it would be a lot easier. For those of us who don’t have high salaries, just take a few more years, for your own sake.

Used Japan Cars Vs Used Cars from Other Countries

Importing used cars from other countries is a passion for some people. Car lovers around the planet prefer to buy cars manufactured in Japan and USA. When it comes to performance and reliability, people prefer the Japan cars. The Japanese automotive gurus like Toyota, Nissan and Honda have gathered International attention due to their reliability and great performance. People prefer the American ones as the automotive giants like General Motors, Chrysler and Ford have been around us with great popularity for quite a long time. However, when it comes to making a choice of importing used cars, the Japanese used cars are the better options. Here is a comparison of importing used Japan cars and importing the ones from the States.

The sparingly used Japanese cars

The Japanese car owners are known to maintain their cars in good condition. Unlike the car owners in other parts of the world who use their cars often, the Japanese car owners will sparingly use their cars. The Japanese car owners will use other means of transport like scooters and motorcycles even if they own a car. On the other hand the cars in USA will be extensively used. Hence the condition of the used Japan cars will be far better than the American ones.

The Price Factor

Used Japan cars are popular around the planet for cheap pricing. You will be able to buy a used Japan car for half the price you spend for buying them from other countries. Apart from the cheap pricing, the used Japan cars will be bundled with lots of accessories. Hence by buying a used Japan car you will be able to get very costly car accessories for free. Moreover, you won’t have to spend a single penny on maintenance as the used Japan cars will be well maintained by the previous owner. The Japanese road law has strict policies in ensuring the condition of the car. Hence if you import used Japan cars directly from you don’t have to worry about maintenance for quite a long time.

The Tax Factor

When it comes to importing used cars from other countries, people will be overwhelmed with the import taxes that they have to pay. However, importing a used car directly from Japan doesn’t need any import tax to be paid. The true fact is that you can buy a used Japan car at the same price you pay as import tax for importing cars from other countries. The procedures and the paper works involved in importing cars from Japan are very simple when compared to the other options. The clearance procedures for the used Japan cars are very liberal and hence you can import cars directly from Japan, hassle-free.