Thursday, April 25, 2024
NewsTop 10 Best Used Cars for the Money

Top 10 Best Used Cars for the Money

An average-mileage five-year-old Japanese car is your best long-term purchase deal


  • The study is based on five-year-old cars.

  • The Honda Fit is the best deal going.

  • Honda and Toyota take eight out of the 10 spots.


Used car prices are still at or near record highs. In fact, in the US, the average late-model used car sold for a whopping $33,000 in the US in 2022. This remains an amount that is out of reach for many consumers and so, the following are the Top 10 best used cars for the money priced between $18,000 and $26,000.

2018 Chevrolet Impala – Chevrolet

iSeeCars has once again dug deep into more than 2 million transactions to figure out what cars seem to offer the most value and longevity for our increasingly “taxed” hard-earned dollars. The following Top 10 breaks down the average cost per 1,000 miles based on the average price paid and the vehicle’s expected remaining life.

The bottom line is that a good used roughly five-year-old Japanese car is your best bet. Of the ten cars listed below, five sport the Toyota badge while another three are Hondas. One Chevy and one Ford round out the top 10 models. Based on the data, the Fusion makes the cut based on its low resale value compared to the others.

Here are the Top 10 best used cars for the money:

 

Model

Price per 1k Miles

Avg Price

Remaining Lifespan (miles)

Remaining Lifespan (%)

Potential Lifespan (miles)

Honda Fit

$119

$18,486

154,826

74.7%

207,231

Honda Civic (coupe)

$130

$22,336

171,421

75.8%

226,120

Toyota Prius

$131

$24,208

185,049

73.8%

250,601

Toyota Camry

$133

$20,482

153,517

68.8%

223,249

Chevrolet Impala

$135

$20,318

150,807

65.5%

230,343

Toyota Corolla

$137

$18,661

136,543

66.8%

204,266

Toyota Avalon

$139

$26,104

187,385

76.3%

245,710

Honda Accord

$140

$22,450

160,370

70.9%

226,168

Toyota Camry Hybrid

$143

$22,977

160,288

69.5%

230,547

Ford Fusion

$144

$18,793

130,209

64.8%

201,071

Average for All 5-Year-Old-Cars

$193

$29,566

153,093

68.5%

223,402

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Matt St-Pierre
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai

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