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used cars

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Are you looking to buy a used car to save some money on your next purchase? Some cars don’t retain value well once they are sold. In fact, an average car loses up to 11 percent of its value once it’s driven off the lot. Some cars, however, are known to stand the test of time. Consider the following used car models next time you head out to buy a used vehicle.

2005-2008 Pontiac Vibe

pontiac-vibeImage via Flickr by nixternal

This generation of Pontiac Vibes make a fantastic vehicle for any commuter. The small hatchback car features a generous 19.3 cubic feet of cargo space, but when you fold the back seat down, you’ll get a full 54.1 cubic feet of cargo space, making it a great small car for transporting goods. The better news is that the 2005-2007 models all get up to 36 mpg highway while the 2008 model gets 33 mpg highway, making it a money-saving vehicle on the road.

As if that isn’t good enough, the Pontiac Vibe has been known to last with high miles on it. If you’re looking for one of these vehicles made during these years, aim for the 2007 model if you can as it has received favorable reviews across the board.

2007-2008 Hyundai Sonata

hyundai-sonataImage via Flickr by order_242

The Hyundai Sonata is a vehicle best known for its affordable luxury. With the 2007-2008 models, you’ll find a nice car at a price you can afford. With generous gas mileage — 34 on the 2007 and 31 on the 2008 — and features like heated seats, this comfortable ride will leave you enjoying the commute. While the car does not come with some of the features you’d expect on newer models like navigation and Bluetooth capabilities, it is a comfortable sedan with plenty of trunk space that will deliver a high level of practicality.

2004-2007 Toyota Prius

toyota-priusImage via Flickr by EarlRShumaker

Are you interested in getting a used vehicle with great gas mileage? Known to last for well over 200,000 miles, the 2004-2007 Prius models are a great used car pick for people who want fantastic gas mileage with a long-lasting vehicle. Each model in this range is rated at 60 mpg city and 51 mpg highway, making it a wonderful purchase for people who drive a lot and would like to save money on gas. While prices will vary drastically depending on the condition of the vehicle, you could find a 2004-2007 Toyota Prius for under $10,000. Use a KBB used cars search to find one in your area.

You can also search for used cars on websites like AutoVolo to give you an idea of the price you can expect to pay for specific vehicles.

2005 Volvo S60

The 2005 Volvo S60 is worth checking out if you’re on the market for something cheap yet luxurious. Kelly Blue Book rates the retail value of this car under $5,000, so you could certainly get a great deal. The upside is that it features luxury options like a posh interior and unique Swedish styling. With mpg rated at 29 highway, you’ll get fair gas mileage at a highly affordable initial price. Additional perks include generous trunk space, impressive safety features, and heated seats.

2007 Chevrolet Silverado 1500

chevrolet-silverado-1500Image via Flickr by .Great Grandma & Grandpa T.

If a truck good for transporting heavy items is more your speed, the 2007 Chevrolet Silverado 1500 is a great choice. You’ll get up to 21 mpg highway, which is pretty decent for a truck this size. With active fuel management features, the vehicle gets slightly more enhanced fuel economy than its counterparts. The great thing about the 2007 model is that it came with remodeled updates, so you’ll get a slightly better version than some of the older ones but at the same affordable price.

Whatever type of car you need, buying a used vehicle, whether from a dealer or a private seller, can cut your initial costs drastically. With one of the above mentioned vehicles, you can further save money via great gas mileage while ensuring that you’re getting a long-lasting vehicle. Which type of vehicle are you thinking about getting for your next used car purchase?