But used-car buyers in general are looking for bargains by avoiding the depreciation that hits new cars in the first year or two of ownership. Often shoppers are working on tight budgets with a maximum price they are able to pay.
Kelley Blue Book, which provides auto-industry pricing information and analysis, released a list of what it considers the top 10 used cars for less than $8,000. The prices are based on the company’s well-known Blue Book Value calculations for used cars from the 2002 model year and newer.
The vehicles that made the list have, according to Kelley, “the most appealing mixes of reliability, versatility and desirability, with an emphasis on track record.” It is an interesting group.
Here they are, with Blue Book values as of December, 2011:
2008 Kia Rio, $7,895
2004 Ford Crown Victoria, $7,970
2003 Mazda Protege5, $7,360
2002 Toyota Tundra Standard Cab, $5,925
2003 Ford Escape, $7,560
2004 Scion xA, $7,805
2004 Pontiac Vibe, $7,630
2002 Toyota Corolla, $6,125
2002 Infiniti G20, $5,965
2004 Honda Civic, $7,970