Shopping for a used car under $5,000? Here's some good news for you: A limited bank account doesn't mean that you have to settle for an inferior or unreliable used car. Thanks to advancements in engineering, modern cars are built to last, with many older models lasting well over 100 and sometimes even 200 thousand miles. Of course, it's also important to note that not all used cars – especially those priced under $1,500, $2,500, or even $5,000 – are created equal. To help you with your search, UsedCars.com has put together a list of some of the best used cars under $5K.
What makes the Subaru Impreza so appealing is that it offers a lot more than an impressive record of reliability. This car's large and innovative interior has helped make it the ideal choice for the car buyer looking for practicality and affordability, as well as one of the best used cars for less than $5,000. The 2008 Impreza earned an NHTSA average crash rating of 4.6/5.
With a reputation for reliability and superior engineering, the Honda Accord has held its value surprisingly well. Unfortunately, it’s because of this reputation for quality that it’s difficult to find a low price on a newer used model. The good news, however, is that older Accords, which boast many of the same great designs, features, and engineering, continue to rank well in terms of reliability and safety, making them one of the best used cars under $5,000. The 2007 Accord earned an NHTSA average crash rating of 4.4/5.
With used car prices often listed under $5,000, the Ford Ranger has continually proven to be a tough, capable truck, perfect for the car buyer who doesn't want to sacrifice quality for budget. Thanks to the Ford Ranger's ahead-of-its-time engineering and trim options, these used pickups are on par with many of today’s modern trucks, making them one of the best used vehicles under $5,000. The 2008 Ranger earned an NHTSA average crash rating of 4/5.
Sporty and fun to drive, the first generation Miata (1990-1997) is often priced for less than $2,500, and a budget of under $5,000 can even get you a Miata that’s a little newer. Either generation is easily one of the best used cars for less than $5,000. This snazzy little convertible is a perfect choice for those who want to turn heads without emptying their bank accounts. The 2007 Miata was not crash tested, which is common for a convertible but offers lots of safety gear.