The harsh economic times have brought about the dire need to minimize expenses. Now, more than ever before, people are preferring to purchase used cars rather than brand new ones. It’s a well-known fact that cars normally depreciate by 20% immediately after they’re driven off the lot.
Some models are more appropriate than others because they’re generally cost-effective and fuel-efficient. Of course, there are other important factors to be considered like mileage, insurance, comfort, visual appeal and overall condition. On that regard, these are some of the best models to get:
This car retails for approx €11,100 when new but a used one goes for less than half of that price. In addition, expect to get older models at unbelievable deals. The sale warranty of the Elantra is only valid for the new owner if the vehicle is less than 5 years old. The great thing about this vehicle is that it’s quite roomy and has a pleasant finish.
The Honda Accord makes it to this list without much surprise. This model offers dependability for longer time periods thus scores high marks amongst auto enthusiast. Owing to this, the vehicle’s resale value is relatively high. Surprisingly, statistics reveal that it’s actually cheaper to maintain the Honda Accord than a Toyota Corolla.
Manufactured by Ford, the Mercury Montego is a top ranking automobile indeed. When it was first produced in 2004, critics were quick to point out that it was underpowered despite being large. Still, its popularity continued soaring because of its safety features and four-wheel drive functionality.
The Honda CR-V is very small for a sport-utility vehicle. Nevertheless, it’s spacious thus appropriate for a family car. It’s reputable for always delivering quality beyond anticipation. In contrast to popular perception, the Honda CR-V is not a fuel guzzler despite having a truck utility. It retails at approx €16,600 when new. It has a very slow depreciating rate.
This goes down in history as one of the rare vehicles that are best when bought used. Models manufactured between 2008 and 2010 have higher ratings. If you’re looking for a family car, opt for models not older than 2004 because this was the year that Toyota launched third-row seating.
In general, the final decision will be yours to make. Take the car for a test driver and have a mechanic inspect it before sealing the deal. Always consider other hidden costs when making the purchase such as sale agreements, insurance, repairs and ownership transfers.