The Best Used Cars to Buy for Value
I know, everyone will have their spin and opinion and reason for what they think is the best used car. However, a recent study on used cars that are 10 years old (2002 models) reveals what models are your best deals, not necessarily the most popular, but ones that have not lost their value much since 2002 (which is very important in resale) foremost, then styling and popularity, a second distant third reason. The following list is sequential from best value. But to be honest, all on the list are good considerations when buying a used car.
- Toyota RAV 4 - although 10 years old, the car still retails for around $8K, RAV's are popular, small SUV's. They easily carry five and have good cargo space. The MPG is still okay at around 24.
- VW GL TDI - Like the #1, VW's diesel still, 10 years later, beats most 2012 models with its phenomenal 30\45 MPG. There is ample space for passengers and cargo. The car still sells for around $7-8K. If you commute, this is what you want. The 2006 models still sell for $13K even with 150K on them. Diesel engines tend to last to 250-300K.
- Honda CRV - the #1 car and this car often are confused with one another. They look kinda similar. They act and drive the same, both are reliable and get the same MPG.
- Mini Cooper - Yes, they are small but they get decent MPG, They do have more limited cargo space but their value still has them selling at $6K.
- Toyota Highlander SUV - This is a much larger SUB than the RAV. The 02 models were well built and now you have a ton of cargo space and room for six+ people. The MPG is lower 20s. They still sell for 9K.
- Acura RSX - Well, the large rear spoiler should tell you something about this puppy. Yes, most teens or 20-somethings would gravitate to this because of its hot, sporty style. Decent student car, MPG, and limited cargo for only 6K. I think many would buy this rather than #2 because of difficulty in finding parts and servicing. Sells for $5-6K.
- Subaru Forester\Outback Wagon - built with heavier metal, they dent less easily and with all wheel drive, have the guts to go where others don't. Both carry decent amounts of cargo, like a Timex watch, they keep on ticking after taking a licking. I know, I have owed three of them. The downside is MPG, usually 20-23. Their engines are second to VW's diesels with basic maintenance-to 200K miles. Sells for 6K.
- Honda Accord LX\EX - They remain popular, nothing extraordinary but they make a good second car, gets 24 MPG, nice looking, sells for $5-6K.
As I said, all are 2002 models. Prices will vary depending condition and miles. But, because you just know fuel costs will only level out or go up, think about this. For me, the overriding issues are MPG, so if I were to buy one, only #2 works. Now, if I needed more cargo area than what the VW offers (note: I own a 2006 model and the trunk space is very large-the word, astonishing, comes to mind. When the rear seats are down, it could be used to sleep in or to load a ladder, surfboard, snowboards) than your choices are SUV types.