If you’re looking for low cost used cars, there are many options. There are many dealerships that keep cheap vehicles on their lots, and private sellers can also offer better prices. However, there are some things to keep in mind when buying a used car. The first thing you should look for is mechanical reliability, not cosmetic bling.
Buying a used car with a low mileage and a single owner is a good way to save money. Single-owner cars have a proven track record, and they’re also safer than a salvage title car. While they may not be as stylish, efficient, or shiny as a new model, they’re guaranteed to last a long time. Even if you don’t love the color, the interior, or the exterior, you can still find a bargain.
Mid-size vehicles are another great option for low-cost used cars. The popular Subaru Outback is a great choice because it’s a mid-size vehicle with a good amount of space for passengers. Used models of the 1999-2003 model are available for less than $2000. Another popular choice is the Jeep Wrangler, which you can pick up for under $3000. These SUVs are reliable, and older models are often offered for bargain prices.
Another advantage of purchasing a low-cost used car is that it depreciates much slower than new cars do. Typical new vehicles lose up to 60% of their value in their first five years. Buying a used car allows savvy car shoppers to use depreciation in their favor. They’ll get a reliable model for less than half of what they paid for it new.