If you're able to pay for your car with cash, you might be better off purchasing from a private seller than a used car lot. This saves you money by avoiding the middleman. You might be able to negotiate a better price, too. It's important to remember that while many used car lots certify their vehicles, you are not likely to find a certified, pre-owned car for under $5,000.
Not every vehicle under $5,000 is a sedan or compact car. You can buy a Toyota Sienna for about that price. And while we don't want this entire list of vehicles to be Toyotas, it's no surprise that there's more than one: Toyota makes cars that last.
According to a recent Consumer Reports release of the best used cars and SUVs that can be had for under $5,000, there is no reason why a low price has to equate with low quality or a compromise in safety with a used vehicle that can be close to two decades old.
We've found cars from around the world, from sporty to classy, to show how easy it really can be to have a car that everyone will envy. Just don't go putting "BALLER" or "STUNNA" on your license plate. These cars can look expensive, but it's not like we found $5,000 Lamborghinis just sitting around on Craigslist. So, here are the twenty top cars you can buy right now for under $5,000 that could make anyone look wealthy.
Chrysler has been a name in luxury ever since it came out, and that hasn't changed. With a base MSRP of $19,245, it's well within reason that you could find a 200 for under 5k. The mileage may be a bit on the high side, but the leather interior and the attention to detail make up for it, at least if that's what you're looking for. It's not the fastest luxury car out there, but it'll turn some heads with that fancy logo and modern, spacious design. Unlike a lot of luxury cars, the 200 can get amazing gas mileage, as high as 31 mpg on the highway.
Now, that's a mouthful for the name of a car, and everyone knows the more names it has, the more expensive and high end it is. The Explorer is one of Ford's highest-rated family vehicles, and with this special-edition trim package, it seems way more expensive than it is. Originally priced at $34,455, it can now be found for just under five thousand dollars. This is still one of the largest family vehicles on the market, able to fit 7 people with an optional third row. And of course, the bigger the car, the more expensive it seems. Combine that with the fact that it's a limited edition, and this will make anyone stand out.
Nothing says wealthy like saving the environment, and what's better than killing two birds with one stone? Nothing, that's what, especially when it can be done for around four thousand dollars, marked down from an original $21,725. The Prius is the most identifiable electric car in the world, and because of that, it's sure to be an identifiable vehicle that can make anyone seem wealthy and eco-friendly at the same time. Aside from that, the dependability of the Prius is beaten by very few cars out there, and it's way easier to look wealthy when you're able to save money.
So, Jeep isn't exactly a name in luxury, but they sure do make people think expensive, especially if you throw any kind of lift or lighting onto it. At an original price of $24,865, it's possible, albeit a little difficult, to find one for under $5,000 today. It's more of the family Jeep than an off-road Jeep, but it can still go places most cars would get stuck in. The interior is surprisingly nice, but the back seats are slightly cramped. That being said, the Liberty Sport still comes across as much more expensive than it really is.
Scion's premier sports car, before the Scion FRS appeared on the scene, was the TC. It's a popular car with tuners and as a daily driver and looks and drives like a much more expensive car, with an original MSRP of only $17,800. The TC can be found pretty easily for well under our budget and has received great critic reviews. With a lowering kit and maybe some paint and rims, this car can really turn heads, even at a car meet. The interior isn't exactly expensive-looking, but it does come with all the modern tech we look for in our cars today.
Porsche. Just saying the name makes you think money, speed, and a little bit of frustration. But you can own a classic Porsche 944, arguably one of the sportiest cars they've produced to this day, disregarding the supercars they make now. In '85, this bad boy would sell for $21,440, which is roughly $50,000 today. Granted, there would be maintenance required, but a custom-built classic Porsche would get plenty of attention. But if you're willing to drive or have it shipped to you, you can own one for less than five thousand dollars and certainly grab some attention at any car meet.
We'll help you find great deals among the millions of vehicles available nationwide on CarGurus, and we'll provide you with dealer reviews and vehicle history for each one. After all, over 30 million shoppers use CarGurus to find great deals on used cars and new cars in their area. And when it's time to get rid of your old ride, sell your car simply and securely on CarGurus.
Many of the best used compacts under $5000 are older versions of the best new compacts from today. The 2008 Honda Civic, for example, can be as impressive for pre-owned customers as the 2018 lineup is for new-car shoppers. The 2008 Civic even offers a hybrid powertrain and one that runs on compressed natural gas, although these might be over our $5K ceiling. That said, the sedan model that is available at that price point has its share of advantages. This includes a still-modern exterior design and a predicted reliability rating of 4/5 from Consumer Reports. The 2008 model year also was the first to offer a leather-trimmed cabin for the Civic lineup, complete with optional heated front seats.
The list of 10 Best Used Compacts Under $5000 also includes the 2012 Kia Forte, which has a few secret weapons of its own. Unlike some other cars here, the 2012 Forte comes with Bluetooth technology and steering-wheel-mounted audio controls as standard equipment. Those are the kind of features that can push some otherwise inexpensive used cars right out of our $5000 comfort zone. At the same time, the Forte is another entry that scored an IIHA Top Safety Pick certification for the year it was sold. The same year also saw some notable upgrades to the Forte. Among the highlights were refreshed interior and exterior designs. The Forte also is fairly economical, thanks to a standard EPA line of 25/34/28.
With a little bit of patience and luck you can find one under the $5000 mark, but it will come with some milage on the clock. The low milage ones are becoming increasingly collectibles so expect them to be out of your budget.
As Mr. Simpson found out, this is a bad time to be trading in a used car - in large part because it's a good time to be buying a new one. To stimulate car sales, auto manufacturers are offering rebates, zero percent financing, and other enticements. According to some private estimates, this has reduced the price of used cars by as much as 18 percent in the past year.
Many dealers are also offering low interest rates for buyers of used cars. For example, Jim Curley, who owns a Pontiac-Buick-GMC dealership in Lakewood, N.J., says financing of 3.9 to 5.9 percent "is not unheard of."
Used-car sellers are the ones facing the largest sticker shocks. Mary Estes knows that feeling. The Tampa, Fla., resident, who recently bought a new BMW, was stunned when the dealer offered her only $5,500 for her 1996 Honda Accord. "I typically take real good care of my cars in anticipation that I'll get a better trade-in when comes time to do it," says Ms. Estes, who thought the car was worth several thousand dollars more.
In grounds of error one through four appellant argues that the trial court committed fundamental error by giving an erroneous instruction to the jury during the punishment stage of the trial which caused a void verdict. Although the offense in this case occurred while the old penal code was in effect, appellant elected to be punished under the 1974 penal code.