A used car is usually a better idea than buying a new car, because you’ve already taken advantage of the sharp depreciation that hits cars over the years.
For a car that cost 20K, you could easily pick one up for 15K or less a couple of years after it’s been used. Sure, 15K is still a lot, but when you consider that the value of that car dropped 25 percent in just a few short years, you’re getting a great deal.
A new car is a very poor investment because of how fast it loses value, so a used car is your best bet. And if you’re looking for an even older car than a couple of years old? You’ll see even greater savings.
So if you’re in the market for a used car, check out these three vehicles that are sure to be the best with it comes to value versus performance:
Honda Civic
The Honda Civic is still one of the most reliable and trustworthy vehicles on the road. Not only does it last for hundreds of thousands of miles, it’ll continue without needing much maintenance.
While the Civic holds its value well because of this, it is still victim to depreciation like any other car. You can get this for a fraction of what it cost.
Toyota Corolla
This is another best seller because of how reliable it is, and you’ll also be able to find one of these at a fraction of what it cost.
Not only do you not need to worry about the maintenance, but you also don’t need to worry about pushing it for many miles past its prime.
Ford Mustang
For you sports car people, you’ll be glad to know that a Mustang takes a serious depreciation hit. You can for V8 Mustangs for as low as $1,000, and you can even find newer V8 models for 10K or less. What a steal!
These vehicles will serve you well, and you’ll also be getting a sweet deal on them.
About the author:
Joe Petchonka is a freelance writer who provides readers with great car tips, but he also helps Michigan GMC dealers with their online classifieds.
I agree honda civic is a reliable car, same thing with the toyota corolla, I have both cars so I know its pretty reliable.