Recently, pre-owned vehicles have not been the great bargains they once were. The current shortage of new vehicles and high demand have led to significant fluctuations in the used car market. This makes it even more essential to seek out the top used cars that offer the best value for your money. iSeeCars has suggestions, having just released its list of the best 5- and 10-year-old used cars for the money in 2024, ranking them based on their cost per remaining 10,000 miles of projected lifespan.
The lineup of the top 20 best 5-year-old used cars includes well-known models from brands known for their reliability, like the Honda Fit, Toyota Avalon, and Honda Accord. Surprisingly, the top-ranking vehicle is a Chevrolet.
Top 5-year-old used cars (2024):
- Chevrolet Trax: $1,442 per 10,000 miles remaining
- Honda Fit: $1,473
- Honda Insight: $1,485
- Buick Encore: $1,492
- Mitsubishi Outlander Sport: $1,498
- Honda Accord: $1,542
- Honda CR-V: $1,588
- Honda Ridgeline: $1,647
- Toyota Avalon: $1,694
- Jeep Renegade: $1,716
Mitsubishi’s Outlander clinched the 11th spot, while the Hyundai Tucson came in at 17th, showcasing the value of their extensive 10-year/100,000-mile powertrain warranties. All vehicles in the top 20 list outperformed the average cost of $2,249 per 10,000 miles. Extending the timeframe to 10 years narrows down the contenders to mostly the expected brands:
Top 10-year-old used cars (2024):
- Toyota Avalon: $1,369
- Honda CR-V: $1,417
- Honda Accord: $1,427
- Mazda CX-9: $1,453
- Lincoln MKX: $1,481
- Lexus GS 350: $1,513
- Toyota Prius C: $1,539
- Buick Encore: $1,550
- Honda Ridgeline: $1,595
- Lexus CT 200h: $1,623
Karl Brauer, executive analyst at iSeeCars, highlights the value these vehicles offer, stating, “Buyers looking for a budget-friendly used car can still find plenty of life left in these 10-year-old vehicles. For under $13,000, models like the Buick Encore or Mazda CX-9 still have over 40 percent of their lifespan remaining, equivalent to more than 80,000 miles of use.
For the complete lists and more information, visit the full iSeeCars study.
FAQ:
Q: Are these rankings based on reliability or cost alone?
A: The rankings consider the cost per remaining 10,000 miles of expected lifespan, taking into account both reliability and cost-effectiveness.
Q: How often is this list updated?
A: iSeeCars updates this list annually to reflect changes in the used car market.
Conclusion:
In conclusion, finding the best value in the used car market requires thorough research and consideration. The rankings provided by iSeeCars offer valuable insights into the top 5- and 10-year-old used cars that provide exceptional value for the money. Whether you’re on a tight budget or looking for a reliable long-term investment, these lists can help guide your decision-making process.
