There are several different vehicles on the market that can be purchased for less than $5000. These may not be the flashiest of vehicles, but they are certainly reliable. Most people shopping for a used car are looking for a car model that has a history of reliability, good fuel economy, and limited maintenance requirements. Below is a list of five vehicles that can be purchased for less than $5000.
Honda Accord before the Model Year 2001
The market is flooded with used Honda Accords. They come in an inline four cylinder model and a V6 model. The four cylinder engine model averages about 30 miles per gallon. The engine is known to be very durable and allows this vehicle to run for hundreds of thousands of miles.
Chevy S-10 before the Model Year 2003
The Chevy S-10 is a small sized truck that comes with many different options. Options include the four cylinder model or the V6 cylinder engine. The four cylinder engine averages about 25 miles per gallon, which is pretty darn good for a pickup. In terms of cab size, you can opt for a regular or extended cab. The S-10 also has an optional four wheel drive and off-road package.
Honda Civic before the Model Year 2003
The Honda Civic is similar to the Accord, but is a smaller sized vehicle. Like the Accord, it has an extremely reliable engine. This is evident by the large number of used Civics still running the roads from the 90’s. The Honda Civic offers great fuel economy at an average of 35 miles per gallon.
Ford Mustang before the Model Year 2002
A sportier option for under $5000 is a used Ford Mustang. This vehicle comes in a variety of different options including the GT package that offers 225 horsepower. The Mustang averages about 25 miles per gallon, but greatly depends on the engine size. To find a reliable, un-abused Mustang for less than 5000 dollars, you will probably want to eschew the 225 hp V8 version in favor of the more docile, less thirsty V6 model. This will mean better fuel economy, lower valuation, and less risk of a history of lead-footed owners.
Subaru Impreza before the Model Year 2004
The Subaru Impreza is a great solution for someone looking for a compact car. It is well-known for its ability to drive through rain and snow. This vehicle works well for those who need a car that can handle and perform in extreme weather conditions. The Impreza has an average fuel economy of 25 miles per gallon.
It’s important to keep in mind that a used car’s price will vary depending on mileage and other factors. A vehicle that has good fuel economy and reliability will likely be manufactured in the last 20 years. Depending on the model, a vehicle’s value can actually increase as it ages due to the rise in collectability of that vehicle model.