The best way to make it cost-effective is to rent a car between a few people. Hostels often have notice boards where you can leave messages to round up a few others who might want travel the same way as you in a hire car. If you're travelling long-term this could be a good solution. Remember, though, that buying a car is loaded with potential problems. Make sure you at least get an idea of car prices in the area in which you find yourself before jumping in and parting with cash.
Some countries have organisations like Britain's AA which can arrange used car inspections.
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