If you can find one of these, each would make a good used buy for $15,000: We also didn’t include a few vehicles that have stellar records as used cars but are too difficult to find. We recommend looking at those entries for shoppers on a budget. Many of the models featured in our list of the best $10,000 used cars are available in even better condition for $15,000, and the Honda Fit, Toyota Avalon, and 2010 to 2014 Honda Insight nearly reappeared on this list. In addition to these criteria, the vehicle had to have average transaction prices under or near $15,000, be manufactured after 2008, and be easy for shoppers to find irrespective of their region or city. To determine our list of the best vehicles under $15,000, we cross-referenced a broad range of reliability and quality scores, evaluations by vehicle testers, thousands of long-term reports and reviews from owners and factored in our own long-term experiences with these vehicles as new and used cars. Ownership costs are a little higher than on the Camry or Accord, but Passat owners give it high marks for value and comfort. While hard to find the diesel offers excellent fuel economy and emissions equipment that has since been fixed at Volkswagen’s cost. Some pre-2015 models used a 2.0-liter diesel four that was part of the “Dieselgate” emissions cheating scandal. Most Passats are powered by the 170-horsepower 1.8-liter four shared with the Golf, but a 280-horsepower 3.6-liter V6 was optional. The Passat’s cabin is comfortable and premium-looking, and over time it gained modern infotainment and driver-assist gear, including adaptive cruise control, blind spot monitoring, and rear cross-traffic alerts (from 2016, but as options-you’ll have to find one so equipped). Why we picked it: This generation of the Passat was designed specifically for North American buyers, who favor lots of interior room and a smooth ride, and production only ended in early 2022, so it was a competent design for many years. As even the most historically reliable cars suffer over time if they aren’t maintained, we also recommend a mechanical inspection before purchase. Some cars from our list of the best used cars for $10,000 appear here, and the vehicles on that list can be found in even better condition at this higher price point, particularly the Honda Fit. We also balanced these priorities against available safety and convenience features, style and performance. We prioritized newer cars, reliability scores, low costs of ownership and the likelihood of being able to find a vehicle with a meaningful warranty. To meet our criteria, cars had to be newer than the 2008 model year and commonly available nationwide for under $15,000. Using a combination of owner feedback, reliability ratings, average transaction prices and Forbes Wheels staff expertise, we’ve compiled a list of 20 of the best used vehicles $15,000 will buy in 2023. Glancing at $15,000 used car listings mixes everything from the best Yugo in the world to wrecked Porsches, but most buyers are interested in getting the most value from their dollar out of a daily driver. Additionally, some manufacturers, particularly Honda, have recently extended their CPO programs to include lower gradations of protection on older models. $15,000 is a budget large enough to include some Certified Pre-Owned vehicles, which carry extended manufacturer or dealer-backed warranties. roads is now 12.2 years, according to data from IHS Markit. Thanks to improvements in quality and technology, the average age of cars on U.S. Changes in how vehicles are made and sold have made buying these cars a much less risky proposition than it would have been in 1993 or even 2003. That’s all good news for shoppers on a budget because 4- to 13-year old cars are where the best deals for inexpensive motoring can be found. This month, used-vehicle retailer CoPilot noted that retail prices of 4- to 7-year old cars are down 13% from January 2022, and cars 8 to 13 years old are down a similar amount from April. In November, ADESA auctions chief economist Tom Kontos noted that used-vehicle wholesale prices had fallen by 17.5% from their seasonal peak in May and that they had fallen year-over-year for the first time since the beginning of the pandemic. Happily, the skyward rush of used car prices spurred by the pandemic has finally started to ease. In contrast, $15,000 will buy you any number of used cars that are bigger, faster, safer and flashier and a few of them might even come with Certified Pre-Owned warranties. Of course, the Nissan carries a new car warranty and more modern features than the base Spark did, but it’s also one of the most basic vehicles on sale in the U.S. When the last $14,575 Chevrolet Spark rolled off the line in August of 2022 it left the bottom end of the market to the Nissan Versa, which starts just at $16,725 in 2023, including destination fees.
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