That headline may be a bold statement, but I am going to give you, in my opinion, the best used car to buy. If you have followed this personal finance blog very long, you probably already know what I am going to say. But I assure you, this is real, I have actually owned one of these cars, and I believe in them above all others on the road, and I am going to explain why I feel that way. All I buy are used cars, so you are in the right company.

But before I tell you what car is best to buy used, I want to give you my criteria for selecting a used a car. So here it is, in descending order of importance:

  • Price
    The most important of all. I look for cars that are $3,000 or less in asking price, and I normally look to private owners, not used car dealers. Some used car dealers are legit (although many aren’t), but even if they are honest, they still have to make a profit, and you are going to pay a higher price than buying direct from someone through the pay, internet, etc.
  • Gas Mileage
    With gas expected to go to $4 per gallon, the gas mileage that a car can get is becoming a front and center issue. My current vehicle is an Acura Integra 1993 model, and I am disappointed, as it only gets about 26 miles per gallon, whereas my previous vehicle got 30+ miles per gallon. Think about a 13 mile trip one way to the store, bank, etc. If you have to pay $4 per gallon, then round trip you just used 1 gallon of gas, and paid $4, just to run a routine errand!! Trust me, gas mileage is going to become increasing important in the future.

Read the rest of this entry »


Internal Tags: ,

Bookmark, Share or Email this article.