Buying a used car will save you the initial depreciation on a car, which a first owner has to shell out for. Believe it or not, as soon as a new car leaves the showroom, it loses $1000- $2000 in value. You can even buy a used car that is still under factory warranty if you shop around. Always check the car history using its VIN (Vehicle Identification Number) for an accurate picture of what you are buying. Following are some popular choices for used cars based on data from the Annual Auto Survey conducted by Consumer Reports:
This Kia is an affordable compact SUV with a good safety record. In fact it is “Top Safety Pick’ at the Insurance Institute for Highway Safety. It comes in three trims: base, LX and EX which all have a 2.4 liter four-cylinder engine. It is available as front – or all-wheel drive. Although most drivers love its stylish exterior and hi-tech features, others have criticized its seats for being too stiff and have found its ride too rough.
First issued in 2001, this 5 door-hatchback won several awards in 2011 such as Best Resale Value and Best Sub Compact Car. It sports a 1.5 liter four-cylinder engine that produces 117 hp. It also has a standard 5-speed manual transmission with automatic transmission available as optional. The base trim includes air conditioning, cruise control, keyless entry, 4-speaker audio system with CD player and USB port. The Sport trim has bigger wheels, a six-speaker audio system and can be fitted with a touchscreen navigation system.
The Toyota Prius is a third generation gasoline-electric hybrid vehicle. It promises higher fuel economy and lower emissions than other cars. It is a four-door hatchback model that allows for plenty of cargo in the back while its telescopic steering wheel and height-adjustable seat make it ideal for tall drivers.
The Lexis is renowned for its comfort, luxury and smooth ride. It ranked 9th out of 22 Upscale Midsize Cars based on reviews analyzed at rankingsandreviews.com. It offers standard leather seats, a great sound system, dual zone automatic climate control and a moon roof. It comes with only one trim option but offers customized packages at $2000 and $5000.