The average new car sells for around $30,000 with even the lowest end models ranging around $20,000.
These days, buying a brand new car isn’t as feasible for cash-strapped consumers which gives them little choice but to purchase a used vehicle.
Unfortunately, there is actually a relatively short supply of used cars on the market and used car values are at or near record-high levels according to the National Automobile Dealers Association (NADA) Used Car Guide.
To make matters worse, models from 20 or more years ago don’t tend to have the kind of longevity that many new cars now-a-days have.
Shoppers need to be extra cautious when purchasing a used car to avoid selecting a problematic model that will require costly repairs and maintenance.
Top it off with unfavorable interest rates and perhaps not a lot of cash to put down, you could find yourself in quite the pinch if you end up with a bad car.
To help guide you towards a better used car, we’ve compiled a list of 10 used cars to avoid at all cost when shopping for your next vehicle.
Here are Clunkers to Avoid Buying:
- 2007 Chevrolet Colorado
- 2008 Dodge Avender
- 2019 Dodge Journey
- 2019 Fiat 500X
- 2019 Mitsubishi Mirage
- 2007 Dodge Caravan
- 2008 GMC Canyon
- 2014 Jeep Patriot
- 2007 Chevrolet TrailBlazer
- 2008 Saturn VUE Hybrid
- 2015 Jeef Compass
- 2008 Isuzu i-370
- 2007 Isuzu Ascender
- 2008 Jaguar X-Type
- 2007 Saab 9-7X
Those looking to the pre-owned market for a less expensive way to obtain upscale brands like BMW or Mercedes often find themselves paying dearly for the privilege in terms of steeper repair bills.
This is one segment in which we strongly recommend buying a late model “certified” used car from a dealer that’s both been reconditioned and comes with a comprehensive warranty.
Of course, even a vehicle that boasts long-term reliability can prove to be a “lemon” if its been abused, has hidden damage or was improperly maintained. That’s why it’s always prudent to have a trusted mechanic carefully inspect any used car or truck under your consideration to get an impartial evaluation of its operating condition.
And always run a model’s vehicle identification number (VIN) through a title-search service like CarFax to make sure it hasn’t been previously flood-damaged or salvaged and subsequently rebuilt.
Putting cash down for a used vehicle also helps with the monthly cost + interest.
If you have a decent used car, you can use it as trade in and apply the trade in value towards the purchase of the newer vehicle.
However, keep in mind that if your trade-in is considered a “clunker”, a dealership will not give you as much as a Cash for Clunker company would.
Cash for Clunker companies pay cash for “clunker” cars and they tend to pay more than a dealer would as a trade-in option.
An example of such a company would be cash4clunker.org.
Basically you agree on a price, they pickup the car for free, and drop the cash off when they pickup your car.
This is a great way to get some quick cash to use as a down payment towards a new vehicle or to use towards a pre-purchase inspection.