What type of used car will fit into my price range?
Let's take a look at some prices:
$8000-$12,000 US / $12,000-$18,000 CAD - This is the average
minimum amount of money one would need to spend on a 'decent'
car 3 to 4 years old. This would be a typical car (not a luxury
car) sold from a new car dealership. They usually have, what
would I recommend as a perfect choice, traded in one-owner
certified vehicles that were sold new and serviced at the same
dealership. Sometimes you may find such a car from a private
owner. Usually such a car may last for another few years
relatively trouble-free if properly maintained.
For $4000-$5000 US or $6,000-7,000 CAD, you may be able to find
a 6 to 9 year old used car with relatively high mileage which
still might be in good shape. However, it may take a lot more
time to find a good condition used car in this price range.
Typically, independent used car dealers sell cars within this
For at least $1000-$2000 US, or $1500-$3000 Canadian, you may be
able to buy something that can serve as simple transportation to
get from point A to point B. More than likely it may be a car
with high mileage sold by a private owner. Dealers usually do
not spend time selling a car in this price range. However, be
prepared to spend much more money on maintaining the car and
keeping it drivable, if buying a car in this price range
compared with buying a car for in one of the other price ranges
discussed. To learn more about what kind of vehicle you can
afford for your hard earned money, try to search the Car Sales
websites where you can enter the maximum amount of money you
intend on spending.
Don't forget that aside from the sticker price you may need to
pay extra for taxes, registration and there may be other charges