Need wheels, but short on cash? Not only are there great financing options out there for those who are counting their nickels, buying certain vehicles will help you save money in a variety of ways. Below, we’ll talk about five cars that go easy on the wallet.
1) Toyota Corolla L
Of all the things working against you as a car owner, its rate of depreciation is one which doesn’t get enough attention when it comes to the overall cost of ownership. After all, why wouldn’t you consider this factor when it drastically affects how much you can sell your vehicle?
This is what makes the Toyota Corolla L such a great option, despite the fact there are cars with a cheaper sticker price out there. With a depreciation rate of only 43% over five years, this car can still be sold for more than $10,000 if it is kept in mint condition.
2) Nissan Versa Note
For all the strengths of the Toyota Corolla, its has a number of drawbacks, like its insurance expenses and appallingly average fuel economy. For a few thousand dollars more, the Nissan Versa Note offers a better deal on insurance, and you’ll head to the gas pumps less often than its competitor.
All things considered, those looking to spend the minimum on a car when it is all said and done will be happy with purchasing this fine economy car.? ? ?
3) Toyota Prius
A pioneer among electric cars, the Toyota Prius hybrid is an excellent choice for those not just looking for a fuel efficient car, but a cost efficient one as well.
With a MSRP around $25k, it may not be competitive compared with cheaper gas cars on price, but when you consider the fact it uses far less fuel, its insurance bill is one of the lowest in the industry, and that it only has a depreciation rate of 38% over a five year period, it comes out in front in the end. ?
4) Honda Fit
Need a car that is affordable, efficient on fuel, and has plenty of space for passengers and cargo?? The Honda Fit may be the vehicle you’ve been looking for.
Priced at 17k, it is easy on the budget when it comes to car payments, its depreciation isn’t as bad as others in its class, and with an MPG rating of 33/40 (city/highway), you won’t be heading to the pumps as much as you would had you bought a crossover or an SUV.
While it may not have the space of those larger vehicles, it has a sizable trunk for all the outdoor gear you’ll use this summer plus everybody’s luggage, and the seats in the back are plenty large enough to keep your kids comfortable.
5) Honda Civic
Is a peppy car important to you, but fear spending too much on said vehicle? The Honda Civic is a great alternative in this case, as its sale price comes in just under 20k. You won’t be running down any Mustangs at red lights, but with a model that possesses a 2.0 liter engine that maxes out at 174 horsepower, you’ll be able to pass other cars with ease. ?
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