Americans have found many different ways to save money in the midst of a turbulent economy, but one of the most popular has been holding on to cars longer than ever before. The average age of a vehicle on the road is approaching 11 years, and new car sales declined for two years in a row before rising again in 2011.
While some motorists may be tempted to go new as it becomes time to switch vehicles, there are a number of used cars out there that may be just as reliable for a fraction of the cost, according to TheStreet.com.
Smaller SUVs and crossovers have been some of the most popular and reliable cars over the past decade and for consumers looking to purchase a used car, that hasn't changed. In particular, The Street says that the Ford Escape is one of the best. The 2002 model, which was originally went for about $23,000 brand new can now be had for around $5,700. And while it may only get 20 miles per gallon, the XLT package provides drivers with 201 horsepower and considerable towing capability.
When it comes to sedans, it should come as no surprise that the Honda Accord is one of the best used options. The Accord is among the most regularly-seen cars on the road, and for good reason. The 2002 model offers 29 mile-per-gallon fuel efficiency and comes complete with a number of features that make its under-$6,000 price tag very appealing.
For a sportier option, consumers may want to check out the Acura RSX. The model has not been manufactured since 2006, but it was one of the more reliable cars out there that blended both speed and luxury at an affordable price, according to TheStreet.
Whether you're looking for an SUV, sedan, or two-door coupe, New Jersey State Auto Auction is the place to go. With a wide variety of makes and models there will certainly be something for you.