How I Bought $700 Tires for $115

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If you’ve been following my site for a while, then you’ll remember the day that I bought my 1997 GMC Pickup! This truck has been absolutely awesome. I’ve owned it for almost a year now and the only thing that needed replacing was the break line, which ran me $175. If I only had $175 in repairs each year on every vehicle I owned, I would be ecstatic!

The only drawback to this truck has been the tire wear. When I bought it last October, the tires were already quite worn, and I figured that I would have to put some new ones on before the snowy winter. Lucky for me though, it didn’t hardly snow and I never had to replace those tires! Well, now that I’ve put another 12,000 miles on them and we’re coming up on winter again, I figured that I’d better just suck it up and buy some new tread.

My Hunt For a Deal on New Tires

If you’re anything like me, you like to find a deal. Or, more pointedly, you just don’t want to feel like you got screwed on your recent purchase. So naturally, I turned to the Internet to find out how much these tires were going to run me. After visiting a few different websites for “discounted tires”, I realized that after the recycling of my old tires, and the installation and balancing of the new ones, I wasn’t going to be able to buy new tires for any less than $700.

How to Find Cheap Tires

Sure, brand new tires would most likely last me a few years, but a one-time cost of $700 didn’t sounds too exciting, especially if I decide to sell my truck soon after the winter season (which is a definite possibility since I’m doing more driving lately). So, just like many of my other deals, I turned my search over to Craigslist. I knew the size tire that I needed just by looking at the ones that were currently on my truck, so these are the numbers that I punched in: 265/75/16.

Initially, I found a few tires that might work, but then I realized that I would still need to take these to a shop somewhere to get them put on, which was still adding up to quite a large expense. But, what if I found tires that were already on rims?! I could change them out myself and wouldn’t have to pay an additional fee!

I altered my Craigslist search a bit: 265/75/16 rims. Lo and behold, I found rims that were identical to mine with the exact tire size I was looking for (and the tires still had about 70% of their tread left). The cost: $250. When I checked them out, the guy told me there was a slight leak in one of them, but it could easily be fixed for $15. With this extra cost, I offered him $200. He took the deal, and I had my wheels.

The Deal as a Whole

I know what you’re thinking, “Whoa whoa whoa, I thought you said you got your tires for $115? Well, remember the tires that were already on my truck? I’m putting these up for sale on Craigslist and expect to get at least $100 for them (remember, I can sell the rim and tires since I got a complete set of rims and tires myself). With my $200 purchase, the $15 fix, and the $100 sale of my current wheels, all in all, I only spent $115! 🙂 And, now I’m all set for at least 2 more years.

Sure, I could have just gone straight to the tire shop and got tires for $700, but my extra efforts saved me $575! I’d say that is completely worth it!

Have you ever found a deal like this? Do you think you’ll be hunting Craigslist in the near future?

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Money Save Money

Derek

AUTHOR Derek

My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.

23 Comments

  1. That is a heck of a deal you got Derek! I just picked up a baby carrier backpack through Craigslist this weekend for only $20, brand new they run $80-$100! My baby already loves sitting/ riding in it and is now ready to head out on new adventures with Dad.

    • That’s awesome! Sounds like you scored an awesome deal too! 🙂

  2. I’m not a big fan of used tires, but I hope it works out well for you. Craigslist is awesome though!

    • Yeah, I was a little leary about the used tires, but based on how cheaply I was coming out of this deal, I figured that I couldn’t lose! 🙂

    • I sure do. It’s so much easier to find oddball things that I need these days!

    • It sure was! And, I actually posted my rims and tires on Craigslist for $150 and have gotten a few emails. Maybe I’ll sell it for $50 more than I thought, which means my new tires will only cost me $65! 🙂

  3. That is pretty cool. I never would have thought of buying new rims but then again I never have bought a car with rims. I just get the standard steel tires with hubcaps.

    Under normal circumstances if you are going to keep the car I wouldn’t buy used tires due to safety corncerns but if you are comfortable with that and plan on selling soon it definitely will save you money!
    Lance@MoneyLife&More recently posted..What the One Percent Buy at Disney World

    • Yep. It definitely didn’t come to me right away, but it just made sense to look for tires on rims to save a $100 installation fee. 🙂

  4. Derek,

    Once again you show how creative thinking can save you big time.

    I used Craigslist last week to buy flannel sheets for my son. I’d looked at prices at various stores on line, knew I’d have to pay at least $25 for low quality sheets. Once I knew that, I was thrilled to pay $10 for a nice set of gently used sheets a few miles away!

    Thanks for another great idea!
    Karen recently posted..A Cake, Some Cookies, and a Pie

    • Sounds like you’ve got some creative thinking yourself! 🙂

  5. That’s a great savings! I don’t think I know enought about cars to know when something is in good shape or not. I’d probably get taken, but that’s awesome you knew what to look for.
    Kim@EyesontheDollar recently posted..The Low Income Clinic Experiment

    • I bet you have a friend that could help you! There’s always somebody that you could take along to give you a little extra knowledge.

    • Thanks krantcents! I enjoy getting myself out of the box once in a while. 🙂

  6. Nice deal! We have to get new tires before winter too so hopefully I’ll get as great of a deal! My dad’s a handyman with cars so he & hubs will be putting them on for free. Maybe I’ll pay them in brownies.
    Jessica @ Budget For Health recently posted..Side Hustle Income

    • I bet it’s pretty nice to have a handy dad! My dad-in-law is the handyman, and he has taught me a ton, and has saved me a lot of money in the process too!

  7. Great deal!

    It’s especially smart of you to sell the old tires. I think people forget to get rid of things they don’t need quickly. If you keep things around, that’s the start of clutter. But if you sell them, it’s a great bit of pocket money!
    Alex recently posted..Happiness Experiment 33: Melatonin for Sleep Day 1

    • Very true. With my tiny garage, I don’t need to have 4 big tires stacked in the corner. It’s definitely better to get some bucks for them! 🙂

    • Craigslist isn’t too tough, and there are some great deals that show up once in a while. It can definitely be worth it!


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