Question: What Car Can I Buy With $10000?

How much should I spend on a car based on income?

How Much Should I Pay.

According to the 36% rule, it isn’t wise to spend more than 36% of your income on loan payments, including car payments.

Another rule of thumb says that drivers should spend no more than 15% of their monthly take-home pay on car expenses..

What is the best second hand car to buy?

Best second-hand carsKia Sportage.Skoda Citigo.BMW 2 Series.Vauxhall Insignia Sports Tourer.Ford Focus.Renault Grand Scenic.Mazda 6.Mini Convertible.

Can I buy a new car for $10000?

Officially, no U.S. automaker has a vehicle that stickers for less than $10,000 today; the cheapest is the Nissan Versa sedan that starts at $11,990. You may see the rare dealer advertise a brand-new car at $9,995 or so, but those are loss-leaders that hide a bundle of hidden fees.

What used cars to avoid?

Worst Used CarsModelYear(s) to AvoidFordMustang2012, 2015, 2017FordTransit Connect2014GMCAcadia2008-2011, 2013-2014, 2017GMCCanyon2015-2016115 more rows•Feb 22, 2018

What is the cheapest most reliable used car?

That being said, here are 8 of the best cars you are likely to find for under $5,000, according to industry experts:Toyota Camry, 2002-2006.Toyota Sienna, 2004 to 2010.Ford Focus, 2008 to 2011.Honda Civic, 2006 to 2010.Subaru Outback, 2005 to 2009.Acura TL, 2003 or earlier.

What is cheapest way to buy a car?

What is the Cheapest Way to Buy a Car?Buy A Cheap Car With Cash. Probably the cheapest way to buy a car is always to pay cash. … Get Pre-approved If You Aren’t Paying All In Cash. … Research Your New Vehicle and Stay Flexible. … Find Out The True Ownership Cost. … Rent Before Buying. … Buy A Car At The Right Time. … Scope Out Old Car Inventory. … Consider Membership Warehouses.More items…•

How much should I spend on a car if I make 60000?

Some financial experts recommend setting your car-buying budget at half of your annual salary. If you look at the previous example of making $5,000 monthly, that will equate to an annual salary of $60,000. Half of that is $30,000. According to this rule, you can spend up to $30,000 on your upcoming car purchase.

Can I buy a good used car for $3000?

Hondas and Toyotas are many people’s default recommendations for a used car that lasts forever. That means that if you’re trying to spend less than $3,000, most of the good ones are out of your budget — leaving you with older, higher-mileage, or damaged vehicles.

What is the most reliable 10 year old car?

2008 Honda Odyssey. $5,955 | U.S. News Score: 9.1/10 | Reliability: 4/5. … 2008 Mazda CX-9. $6,203 | U.S. News Score: 9.1/10 | Reliability: 5/5. … 2008 Honda Fit. $3,540 | U.S. News Score: 9.1/10 | Reliability: 5/5. … 2008 Mazda5. … 2008 Scion xB. … 2008 Jeep Grand Cherokee. … 2008 Honda Civic. … 2008 Kia Sorento.More items…•

What is the most unreliable car brand?

Most Unreliable Car: Volvo XC90 Although Volvo has a reputation for safety and security, it also has a reputation as less reliable than other luxury brands like Audi, BMW, and Mercedes-Benz. According to owner surveys, The Volvo XC90 is cited as the brand’s least reliable model.

Is 10000 good for a car?

While you can get an excellent used car that’s five or six years old for less than $10,000, you’re pretty much limited to economy cars, small sedans, and hatchbacks. Getting something bigger, sportier, or more luxurious requires you to go back a couple of more years.

How many miles is too many for a used car?

How many miles are too many? Really, it depends on a lot of factors but, if in doubt, shoot for the 12,000-mile/year average. Even so, don’t be afraid of cars that are outside of this range, provided the used car in question has been well maintained and there are records to show that.

Which cars last the longest?

See the full list of the longest-lasting car brands below:Toyota. Toyota Land Cruiser. Hollis Johnson/Business Insider.Honda. Honda Accord. … GMC. GMC Sierra Denali. … Chevrolet. Chevy Silverado. … Ford. Ford Mustang. … Lincoln. Lincoln Navigator. … Subaru. Subaru Crosstrek Limited. … Jeep. Jeep Wrangler Unlimited. … More items…•

What is the cheapest new car 2020?

Cheapest New Cars for 2020:Chevrolet Sonic – $17,595.Honda Fit – $17,120.Kia Rio – $16,675.Toyota Yaris – $16,555.Hyundai Accent – $15,925.Nissan Versa – $15,625.Mitsubishi Mirage – $14,990.Chevrolet Spark – $14,095.More items…•

What are the worst car brands?

Triumph Mayflower (1949–53) Triumph Mayflower. … Nash/Austin Metropolitan (1954–62) Nash Metropolitan. … Renault Dauphine (North American version) (1956–67) Renault Dauphine. … Trabant (1957–90) Trabant P50 Limousine. … Edsel (1958) … Chevrolet Corvair (1960–64) … Hillman Imp (1963–76) … Subaru 360 (North American version) (1968–70)More items…