Cheap Cars: Minnesota (MN)

It’s well known that purchasing a new car or truck is a bad investment. New cars and trucks will cost you thousands, and the instant you put them in your driveway, they depreciate by 15-20%. Do you know that you can find a strong-running used car in Minnesota under $5000? Here is a solid guideline: take the amount you make yearly and divide by 10. No need to spend more than this on a cheap car. For the average Minnesota consumer who makes $44,375 per year, this comes out to $4,438. Be sure to research good used cars. Consumer Reports is a fantastic reference when it comes to finding good used cars and trucks, and you can check out the Kelley Blue Book to assess Minnesota used car prices.

Need to finance your used car? Then you’ve come to the right place. Learn more about Minnesota auto loans.