Used car prices are coming down, but finding the best bargains still takes some work. Learn how to combine a good deal with a Buy Here Pay Here loan to maximize savings.
A Guide to Used Cars Under $15,000
Buying a used car isn’t just about finding the lowest price. Drivers should look for good bargains and dealerships that offer Buy Here Pay Here financing programs, too.
Get a Good Deal on a Commuter Car
Many of today’s used car buyers want reliable, fuel-efficient vehicles to get around town. The good news for these drivers is that a wide selection of high-quality commuter cars is available for under $15,000. Let’s take a look at two examples.
The Honda Accord is one excellent option. In 2018, Honda debuted a newer model lineup. As a result, it’s relatively easy to find an older Accord for less money that will still get the job done. The 2017 Honda Accord has 30 mpg combined fuel efficiency and boasts plenty of standard features.
The Accord’s primary competitor is the Toyota Camry. Known for their longevity, these cars tend to maintain their value well. Drivers who can pick one up for under $15,000 should seriously consider it. It may even be worth taking out a Buy Here Pay Here loan to purchase a slightly more expensive model.
Find the Perfect Affordable SUV
SUVs are almost always more expensive than sedans, but that doesn’t mean drivers have to pay a fortune for one. There are still family-friendly options for under $15,000 with plenty of space and modern safety features.
The trick to finding the perfect used SUV is to look for high-quality older models. The Kia Sportage is a great example. This SUV is now in its 5th generation, but the 4th generation of the popular SUV still offers good value with nimble handling, plenty of power, and nearly 55 cu ft of cargo space.
Want some extra off-road capability? A used Jeep Cherokee is a good option. Though it’s technically a crossover SUV, there’s still plenty of space for passengers and cargo. The 2014-2016 model years tend to be most affordable.
Are There Used Work Vehicles for Under $15k?
Like SUVs, trucks and vans tend to be more expensive than sedans. Drivers are unlikely to find popular makes and models like the Toyota Tacoma for less than $15k, but they should still be able to find older Nissan and even Chevy trucks within their budgets.
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