Why Buying a Used Vehicle Can Be the Wiser Choice
When it comes to purchasing a suitable vehicle, many consumers are faced with the daunting task of choosing between affordability and reliability. However, with the current market prices of new vehicles being so high, many are being forced to consider purchasing used cars as an alternative. But do you have to settle for models with fewer safety features and questionable reliability? The answer is no. A recent update from Consumer Reports suggests that with the right approach, used car shopping can be a smart and cost-effective way to own a safe and reliable vehicle. By applying the same level of rigor and selection criteria used for new vehicles, consumers can find used-car options that meet their needs without breaking the bank.
Key Factors to Consider When Buying a Used Vehicle
When evaluating used vehicles, CR automotive experts consider the following factors:
* **Depreciation**: Great new cars don’t always make great used cars, especially when factoring in depreciation and long-term reliability. By selecting models that have depreciated more over time, consumers can find a better value. * **Generational Perspective**: Used cars were selected from a generation perspective rather than a model-year perspective. This approach consistently reveals the models that become more trouble-free over a generation’s multi-year span. * **Safety Features**: Safety features in new models, which are often found in used models, are another qualifying consideration. * **Car Value**: Car value is essential, as some models depreciate more than others, making them a bargain as a used vehicle compared to other used car models of the same age.
The Best Used Car Top Picks from Consumer Reports
Consumer Reports has identified several used-car models that offer a great balance of value, safety, and reliability. Here are some of the top picks in various categories:
| Category | Model | Price Range | Owner Reported MPG |
| :—– | :—– | :—– | :—– |
| Sedan Under $10,000 | 2016 Mazda 6 | $8,550 – $11,550 | 29 mpg |
| Sedan Under $15,000 | 2019 Toyota Corolla | $13,325 – $16,600 | 32 mpg |
| SUV Under $15,000 | 2018 Mazda CX-5 | $12,850 – $16,025 | 26 mpg |
| Hybrid Under $20,000 | 2019 Toyota Camry Hybrid | $16,400 – $20,800 | 45 mpg |
| Small SUV Under $20,000 | 2021 Kia Sportage | $15,450 – $20,150 | 25 mpg |
| Hybrid SUV Under $20,000 | 2018 Toyota RAV4 Hybrid | $16,150 – $21,000 | 32 mpg |
| 3-Row SUV Under $20,000 | 2018 Mazda CX-9 | $12,625 – $17,600 | 23 mpg |
| Luxury SUV Under $20,000 | 2017 Lexus NX | $17,500 – $20,300 | 25 mpg |
| Pickup Truck Under $20,000 | 2015 Toyota Tacoma | $14,025 – $20,425 | 19 mpg |
| Sports Car Under $20,000 | 2020 Mazda MX-5 Miata | $15,525 – $21,725 | 32 mpg |
What to Expect After Buying a Used Vehicle
While purchasing a used vehicle can be a great way to save money, it’s essential to remember that each car is unique and has its history. Before buying, it’s crucial to inspect the vehicle with a professional mechanic to ensure everything is in working order. Additionally, here are 7 important things to take care of after purchasing a used vehicle:
1. **Transfer the title and registration**: Go to your local DMV immediately to ensure the car is legally in your name. Beware of curbstoning scams. 2. **Get insurance coverage**: Make sure you have appropriate and affordable insurance coverage in place before you drive much further. 3. **Get a full mechanical inspection**: This can uncover hidden issues missed during the pre-purchase inspection and help you address them early before they become costly. 4. **Change all fluids and filters**: Engine oil, transmission fluid, coolant, brake fluid, air filters, and cabin filters. Don’t assume they were changed or changed correctly. 5. **Check or replace the timing belt or chain**: If the car has a timing belt or timing chain and there’s no proof it was changed recently, replacing it can prevent catastrophic engine damage. 6. **Check tires and brakes**: Make sure they’re safe and not worn past their limits. 7. **Update maintenance records and start a log**: Keep track of what’s been done and when to stay on top of future car maintenance. By following these tips and considering the key factors mentioned above, consumers can find a safe and reliable used vehicle that meets their needs without breaking the bank. Remember, there’s more to buying a used car than its price; it’s what happens after. By taking care of the necessary tasks, you can enjoy a worry-free driving experience.