Buying a reliable used car can be a great way to save thousands on the purchase price. Often times, new cars will lose up to 25% of their value the moment you drive them off the dealer lot.
Used cars also carry certain benefits such as lower interest rates if you are financing the car along with less expensive insurance costs due to the age of the vehicle.
If you decided to get a used car, it may be hard to figure out which car is right for you. After all, there are millions of used cars available on the market today! From different options, colors, and sizes, it can seem overwhelming. However, one important aspect of any used car is the reliability of the make and model.
If you are already in a financial bind, the last thing you would need is a series of costly and time-consuming repair. We’ve compiled a list of the top 5 used cars under $10,000 that will last you years.
2008-2010 Honda Accord
The Honda Accord is widely known to be one of the most reliable cars ever built. This midsize 4 door sedan also comes in a sportier coupe version if you desire. The 4 cylinder engine gets roughly 22/31 MPG on city and highway, which is respectable for a midsize family sedan.
You also have the option of getting the more powerful V6 engine, which sacrifices some gas mileage for a sportier feel.
2013-2015 Honda Civic
There is no other car that screams reliability more than a Honda Civic. The Honda Civic has been around for nearly 40 years. Just like the Accord, the Civic comes in a 4 door sedan version and a 2 door coupe.
You can also get the optional “Si” package for added performance. The civic is a compact car and is one class size smaller than the larger Honda Accord.
2014-2015 Toyota Corolla
Just like the Civic and Accord, the Corolla nameplate is synonymous with reliability. The Corolla is also a compact car and competes with the Civic. The car offers a large spacious interior along with simple and easy to use controls. Performance and styling are also sharp, giving the Corolla a handsome look to it.
2010-2011 Toyota Prius
As you may know, the Prius is the definition of a hybrid vehicle. With its stunning 51 MPG city and 48 MPG highway, it outclasses almost all other cars on this list in terms of gas savings over the life of the vehicle. Just like all other Toyota’s, the Prius is extremely reliable.
However, the battery cells that power the cars hybrid system must be replaced every so often, so be sure that the one you look at has had the battery service completed or is low mileage. An average battery replacement can cost anywhere from $2000-$5000.
2010-2012 Honda CRV
If you are in need of an SUV for traveling or family purposes, the Honda CRV can be perfect for you! With spacious passenger and cargo areas and straightforward controls, the CRV is fun and practical. The car also gets top-notch safety ratings from the NHTSA. Split seats can also allow for additional storage to the 35.7 cubic foot cargo area.
When searching for a used car, reliability should be one of the most important things you look at. No matter what car you are thinking of buying, be sure to do all your research before walking into the dealership and taking the car home. Being aware of common issues the car may have can allow you to save thousands of dollars when negotiating the price of the car.
If you are looking to finance your new car, CrediReady offers one of the largest databases that connects dealerships, lenders, and buyers in all credit situations. Take a few moments to fill out our free and confidential loan search form online and we will match you with a dealership in your local area that can meet your auto financing needs.