Cars under 500 dollars have never been in so much demand like in the current economic conditions. Ever since the market crash there has been a surge in the number of people searching for cars under 500 dollars online according to Google trends. Cars under 500 dollars are usually not the latest models but are functioning road worthy cars that you can rely on.

Until only very recently you might have noticed that used cars prices were sky high and cars under 500 dollars had disappeared from the market. As a result of this bad economic climate people who want to pay their debts have resorted to selling their used cars really cheap and those who are cash strapped want to know if there are cars under 500 dollars that are still available. Well I have good news for you, these dirt cheap cars are still available and I will show you where to get the best of these used cars.

Government auctions

The first place to look for cars under 500 dollars is at government auctions. Maybe you won't find them on you first visit there but I can assure you that there are sometimes hidden gems that you can sometimes find at these government auctions that you never really expected to find.

Classifieds

The second place you can find cars under 500 dollars are the classifieds like Craigslist, Penny Saver and others. You can start with online classified since there are convenient and free. The best trick to use here is to find a car that is close to 500 dollars and make an offer for 500 dollars to the owner and see if he agrees to it. Now be really careful when you have bought a car for under 500 dollars from someone as sometimes these cars may lack reliability as the owner might have taken some part from the car as a result of your cheaper counter offer. That is why it is paramount to have a car bill of sale printable form signed by you and the seller and to make sure that the appropriate terms of contract have been stipulated in it in order to protect yourself.

Auction sites

The third place you can find these cars is on places like eBay where anybody who's everybody goes to look for good second hand stuff. Just type in cars under 500 dollars in the eBay search bar which should return some results. If not please go and do a Google search for site: eBay.com cars under 500 dollars. You can also search in your local newspapers and see if you can get these gems there. Remember rules don't change for these places; please get a car bill of sale printable form and you get yourself and the seller to sign before you sell to each other.

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In today's economy, with gas pushing toward 5 dollars a gallon, some of you may be wondering what are some of the cars with good gas mileage? Good question and after doing some research I found some answers for you. Here is what I came up with.

Keeping in mind the goal of not giving up safety, comfort and the overall enjoyment of driving a nice car I present to you vehicles that not only look good, and are fun to drive but save you fuel in the process. These are in no particular order.

Ford Focus
2008 Model
EPA city/highway mpg: 24/35 with a manual, 24/33 with an automatic

In the past only import cars would be on this list but in recently years some domestic car companies have stepped up to the challenge of producing good gas mileage cars. The Ford Focus is one such car. For many the Focus is kind of a trade off with above average gas mileage ratings and decent price. Being designed by Ford's European division it has European flair and is down right fun to drive.

Honda Fit
2007 Model
EPA city/highway mpg: 28/34 with a manual, 27/34 with an automatic

Honda motor company has always seemed to have their eye on the pulse of what people want in a car and the Fit is no exception. Honda's engineers have designed a car with a very balanced interior space. Taking in consideration room for tall drivers and plenty of cargo bay space. Another car that is fun to drive with excellent fuel economy as well.

Honda Civic
2007 Model
EPA city/highway mpg: 26/34 with a manual, 25/36 with an automatic, 40/45 hybrid

It seems like Honda has been making the Civic forever and each year they excel at beating last years model.
The civic is know for squeezing gasoline until it cries, which puts it at the top of the list of cars with good gas mileage. They accomplish this with even a non-hybrid automatic transmission car. The Civic is no bum when it comes to interior room or safety features either. Going even further you can also get a hybrid version of the Civic for greater gas savings.

Nissan Altima
2007 Model
EPA city/highway mpg: 23/32 with a manual, 23/31 with an automatic

The Nissan Altima's fuel estimates are impressive for a small car and one would think to achieve this skipping on engine power would be required but not so. Checking in with a big 2.5 liter engine this little car can holds it's own very nicely. Using a variable automatic transmission also produces more power than a conventional automatic.
Good choice in a mid-size car while saving on gas. You really can't go wrong on the Nissan Altima.

Toyota Camry Hybrid
2007 Toyota Camry Hybrid
EPA city/highway mpg: 33/34

Toyota has been know to also produce cars that America loves, so making a Camry Hybrid was a wise decision. When considering a hybrid car make sure you give the Camry Hybrid a serious look. It has a bigger engine than some but boasts some nice fuel savings.

Toyota Prius
2007 Model
EPA city/highway mpg: 45/48

The Prius the car that turned a novel term --hybrid, into a serious option for many people. For this success formula Toyota mixed a wonder styled car with fantastic fuel economy. Both it's roomy, futuristic interior with nice things you would expect from Toyota, all add up to one great car. It is hard to decide which is better with this car, the roomy interior or the great 45 mpg it attains.

Every day the major car makers are getting more serious with creating nice, roomy vehicles that are fun to drive and produce good gas mileage. As the demands for these vehicles increases we will see the prices steady drop on all kinds of cars with good gas mileage. While the choices right now may seem to be limited one should see that change very quickly.

You've got bad credit and dealer after dealer is wanting money down. To buy a car with bad credit, with no money down, you need to know a few things.

First, there are only two reasons that a dealer would want a down payment...

The most common reason is because it adds profit to the sale. The other less common reason is because it's needed to lower the total amount financed for approval by the lender.  Trying to figure out which is the real motivation to pressuring you for cash is a little difficult so long as, you are depending on the dealer to get you approved.

Most people think that if they have bad credit, they have to use the financing offered through the car dealership. After all, the local bank won't give you a loan right? This is a common mistake that can cost you thousands of dollars in outrageous finance charges.

Let me fill you in on a little BIG secret...

Car dealerships mark up the price of the car. Everyone knows that. Did you know that they ALSO mark up the interest rate? Yes, they do. They submit your credit application to lenders. The lender responds with an offer. Let's say that they approve you for a rate of 9%. Guess what? The dealer, knowing that you know you have bad credit will try to convince you that you are approved at 12%. The 3% difference becomes nothing more than profit that the finance manager gets paid a commission on. Guess you pays for it... you. Your payments go up 10, 20, 30, 50 or even $100.00 per month simply because the dealership marked up the interest rate.

The truth is this. You can buy a car with bad credit with no down payment and also with lower interest rates by simply avoiding the dealer finance department altogether. If you know where to look and prearrange your financing (yes it's done everyday), then you can have the confidence to walk into a dealership, pick out the car of your choice based on the amount the finance company preapproves you for and had the dealer a check. This puts the power of negotiating price in your favor.