What Used Car For $5,000? - Read The Answer

10 affordable second cars under £5,000

Skoda Octavia. If you want some serious bang for your buck, then look no further than the Mark 2 Skoda Octavia (2004-13).
MINI Clubman. Fancy a MINI, but need a little more space and practicality?
Ford Focus.
Volkswagen Golf.
Volvo C30.
Vauxhall Astra.
Honda Civic.
Kia Cee’d.

Can I buy a car with 5000 dollars?

With older vehicles, buying from a private party can sometimes yield more value than shopping at a dealership. It’s still possible to get good cars for under $5,000 at dealerships, but the private market tends to have lower asking prices and some sellers have detailed maintenance records to show off.

What is the best car under 5000?

Best Used Cars Under $5,000. Just because you’re on a tight budget doesn’t mean you can’t find a good used car.
2011 Hyundai Accent.
2011 Kia Rio.
2011 Nissan Versa.
2009 Nissan Sentra.
2008 Mazda6.
2008 Ford Focus.
2006 Honda Civic.

Is 5000 good for a first car?

Experts recommend that you spend $5,000 to $10,000 on your first car. But honestly, it all comes down to what you can afford. Here are a few simple tips to help you calculate a figure that would work well for you: Don’t spend more than 15% of your gross pay or 20% of your take-home pay.

What used car for $5,000? – Related Questions

What is a good salary to buy a car?

Remember the thumb rule: Always remember the thumb rule of not spending more than half of your annual income on a new car. For instance, if an individual earns Rs 10 lakh per annum, the ideal budget for the vehicle would be Rs. 5 lakhs.

What used cars are worth buying?

9 Cars Worth Waiting For and Buying Used

Mini Cooper. It’s no shock that Minis are expensive; they’re one of the most expensive compact cars you can buy.
Hyundai Genesis.
Audi Q7.
Ford Mustang EcoBoost.
BMW 428i.
Ford F-150.
Chevy Volt.
Infiniti QX80.

What is a good price for a first used car?

A dependable first car can cost between $5,000 and $10,000. That doesn’t include other costs such as car insurance, oil changes, and other types of maintenance and repairs. If it fits your budget, a new car or used car with monthly payments you can afford on a car loan will likely get you in a better car.

What is a good car payment for a first car?

NerdWallet recommends spending less than 10% of your take-home pay on your car payment and less than 15% to 20% on car expenses overall.

What is a reasonable first car?

What budget should I have for a first car?

Generally, it is advisable to spend between 10-15% of your annual income, and if you want to buy the car of your dream you can consider spending 15-30% of your income. Here’s an example for you. Let’s say that your annual income is around $60,000. Then you should spend around $9,000 on buying a car.

How much should I pay for a used car?

Great second-hand cars can cost as little as £85 per month or less than £5,000, so don’t think you have to spend big money to get a solid, reliable and desirable car. Even sub-three-year old, low-mileage family cars could be yours for well under £150 per month or £10,000 outright.

How much should I save for a cheap car?

How Much Do I Need for a Car Down Payment? In general, a good rule of thumb is to aim for 10% down for used cars and 20% for new vehicles. For example, if the new car you’ve settled on costs $25,000 and you want to make a 20% down payment, you’ll need to save $5,000.

How many miles should a used car have?

As a general rule, you should assume that the average car owner puts 12,000 miles on a car each year. To determine whether a car has reasonable mileage, you can simply multiply 12,000 by its age. That means good mileage for a car that’s 5 years old is 60,000.

Is buying a 10-year-old car worth it?

When buying a used car that’s 10-years-old or older, your primary concerns are purchase price and reliability. Don’t pay more than that 10-year-old car is worth. And, pick a car with a solid reputation for dependability. No car is really too old if you follow those rules.

Is low mileage better than age?

Reliability fades with age

Even when mileage is low, the older a car gets, the less reliable it becomes. Modern cars are much more reliable, even as they age. Five-year-old cars record what is considered a major problem every three years, while 10-year-old cars are more likely to face a problem every 18 to 20 months.

How old of a car should I buy?

In retaining “like new” quality and inheriting a slower depreciation rate, the best used car age for buying is 2-3 years. In fact, Americans are saving up to $14,000 on a 3-year-old vehicle. For example, a car that may have cost you $30,000 when new would cost around $16,000 after just 3 years.

Which is more important age or mileage?

While it’s a good idea to consider the age of a vehicle and the number on its odometer, it’s more important to look at how well the owner maintained the car. A 10-year-old car with 100,000 miles may have received more TLC than a five-year-old model with 50,000 miles.

How many years does a used car last?

A typical passenger car should last 200,000 miles or more, says Rich White, executive director of the nonprofit Car Care Council (which offers a free car care guide). Another way of looking at it: “The average lifespan [of a car] is now almost 12 years,” says Eric Lyman, chief analyst at TrueCar.

How many years would a car last?

In the past, the average lifespan of a car was significantly lower than it is today. Now, you can expect a standard car to last around 12 years or about 200,000 miles. More advanced vehicles like electric cars can go even longer, up to 300,000 miles.

What car has longest lifespan?

The top two vehicles listed by iSeeCars are Toyota models, which both lasted nearly 300,000 miles over the past 20 years. The Toyota Sequoia reached 296,509 miles, and the Toyota Land Cruiser hit 280,236.