For a price range of $5,000-$10,000 you can find a car which is 5 to 9 years old. You might have to compare a few more models before you come up with a final choice. Normally you might find these cars from a independent used car dealer. Again be sure to check these cars thoroughly because many of the times you might be looking at a lower quality vehicle which has been cleaned up just for sale and might have a good number of issues under the hood.
For a price range of $1,000-$3,000 you can find a car which is older than 10 years. These cars can be purchased as a substitute car in case your daily driver needs maintenance or for people looking to get a car which can get them from point A to point B. You would need a lot more research to find a perfect vehicle. Ideally you should go with more reliable models like Civic, Corolla etc which have a bit more reliable mileage than other cars. These cars are great for people looking for a car which is easy on their pocket however you need to do good amount of research and good inspection of the car before final purchase is made. You would not find these cars with used car dealers as it would be a very low margin sale for them. It is best to get it from a private party: a friend of a friend or a relative you might know who does not want that car sitting in front of their driveway or want to go a bit upscale. You can also check it on the many website however be sure to spend some hours looking for the perfect vehicle.
Depreciation of the price in new cars:
| Model Name | 2010 Model Price | 07 Model | 03 Model |
|---|---|---|---|
| Chevy Silverado 1500 | $32,200 | Lost 20% | Lost 55% |
| Toyota Camry | $22,500 | Lost 22% | Lost 57% |
| Ford F-150 4*4 | $31,100 | Lost 32% | Lost 62% |
| BMW 325 | $41,000 | Lost 35% | Lost 65% |
| Saab 9-3 | $31,350 | Lost 40% | Lost 70% |
| Ford Taurus | $28,100 | Lost 62% | Lost 82% |
Some real good sites for used cars are:
Autotrader
CarsDirect
Lemonfree
Autos.aol
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