Are you on a tight budget, or simply prefer to buy a pre-owned vehicle to get more for your money and avoid the high depreciation that new cars take in the first two to three years after purchase? With vehicles manufactured in the last decade built to operate more reliably than ever before, buying a used car can make good sense regardless of your financial circumstances. If you’re looking for suggestions to start your search, here are a few top-rated used vehicles you may want to consider, listed in order by average price buyers have paid from low to high:
2009 Honda Fit: If you’re aiming to spend less than $10,000 on a pre-owned vehicle, Honda Fit is an excellent choice for a subcompact car. Fun to drive and offering plenty of passenger space, the 2009 model is also fuel efficient and gets high marks for safety. According to U.S. News & World Report, the average price for the 2009 Honda Fit ranges from $5,609-$7,134. Overall, the magazine gives the vehicle a score of 9.1 out of ten. Have a bit more to spend? The 2011 model offers an additional safety feature with electronic stability control (called Vehicle Stability Assist, or VSA, by Honda).
2010 Toyota Prius: With an aerodynamic shape helping to provide outstanding fuel economy as well as ample interior space, the 2010 Toyota Prius is a great value at an average price ranging from $9,293 to $11,285. This hybrid vehicle has a four-cylinder engine and two electric motors. It also features a four-speaker stereo and push-button start. Another plus: you can select one of three driving modes depending on how much fuel you want to save.
2011 Chevrolet Volt: When the 2011 Chevy Volt was rolled out, it was one of the most fuel-efficient midsize cars on the market. Featuring a plug-in hybrid powertrain including an electric motor and gasoline engine, the Volt can operate solely on electric power at 25 to 50 miles per hour. It also gets outstanding fuel economy on gasoline alone at 35 mpg city/40 mpg highway. The vehicle also features great handling and a state-of-the-art interior. It sells at an average price of about $13,257.
2016 Honda Civic: The Civic has always held a reputation for high reliability, and the 2016 model has plenty more to offer – including a smooth ride, responsive handling, an upscale interior and advanced features for safety and convenience. A zippy engine and stellar fuel efficiency add to the Civic’s appeal among those in the market for a compact car. Average selling prices range from $15,724 to $21,973.
2014 Toyota Camry Hybrid: An outstanding choice for a midsized sedan, this hybrid offers impressive fuel economy, a comfortable cabin, strong acceleration, a smooth, quiet ride and top-notch reliability. Standard features include a touch-screen display, USB port, dual-zone automatic climate control and six speakers. Midyear 2014.5 models are also equipped with a rearview camera and models upgraded with the Toyota Entune™ System help you to connect to favorite music, friends and apps on the road. Prices for the 2014 Toyota Camry Hybrid tend to range from $16,547 to $18,093.
2015 Lexus GS: Looking for a great deal on a pre-owned luxury car but prefer to purchase one that’s relatively new? Generally priced from $31,491-$35,965, the 2015 Lexus GS offers exceptional value as one of the best midsized vehicles in its class. Featuring a powerful engine, plush interior and responsive, smooth handling, the car is a pleasure to drive. It also gets high marks for safety and reliability. Standard components include a moonroof, push-button start, 12-speaker surround sound audio system and infotainment system with an 8-inch display and Lexus’ Remote Touch controller to access audio and navigation settings.
If you are seriously thinking about buying a used vehicle, before signing any paperwork, be sure to check the vehicle’s history report, which can give you critical information about its service record, number of owners, any title issues, accidents, etc. All you need is the car’s VIN or license plate and you can access this data using a website such as Carfax, VehicleHistory.com or Autocheck. In addition, it’s a good idea to invest in an inspection from a trusted mechanic who can alert you to any potentially costly repair work. To further reduce your risks, you might also consider buying a certified pre-owned vehicle, which has been inspected, refurbished and certified by a factory-trained mechanic and often includes an extended warranty.
And if you’re in the market for a used car right now, don’t miss our pre-owned car sale in Pleasanton on Saturday, October 21 (9 a.m.-5 p.m.) and Sunday, October 22 (10 a.m.-5 p.m.). We’re offering vehicle loan rates as low as 1.74 % APR*, flexible financing and no payments for 90 days! Find details at http://bit.ly/SFPCUOctober2017PreOwnedCarSale.
Car Sale participation is strictly voluntary. The SF Police Credit Union makes no express or implied endorsement or warranty of any third party products or services which are provided as a member convenience.
*APR = Annual Percentage Rate. Example rate of 1.74% APR with 36 monthly payments = $28.53 per $1,000 borrowed, assumes .25% discount for enrollment in automatic payments (fully indexed rate of 1.99%). APR is based on evaluation of credit history, so your rate may differ. Rates, fees, and terms are subject to change at any time. Visit our Rates Page for current rates.