Used cars to buy this summer

The Detroit News reported the price of gas is dropping (down 3.5% from a year ago) and that is causing the price of small cars to drop too. According to the article, the average price of gas is about $3.71 and if prices stay below $4.00, car shoppers will buy trucks, SUVs and minivans. Even though used car prices are at record highs because of inventory shortages, their prices will decline if gas prices do, in fact, remain stable.

 Toyota Prius Burnout

The average car will drop in price by about 2% and this percentage is even greater for hybrids. This leaves car buyers with some options if they’re looking for a used ride this summer. If you’re the kind of person who likes rummaging around the bargain bin, consider swooping up one of these small used cars while gas prices are low. If you’ve signed up for a free account on MojoMotors.com, you’ll have access to even lower prices thanks to the discount. And yes, that picture above is fake if you’re wondering.

Honda Civic 4 Door (2006 – 2011) *Mojo Recommendation

MPG: 26 City, 36 Highway

Price Range: $8,000 – $18,000

Toyota Corolla (2008 – 2011)

MPG: 26 City, 35 Highway

Price Range: $10,000 – $19,000

Ford Focus (2008 – 2011)

MPG: 24 City, 35 Highway

Price Range: $12,000 – $16,000

Mazda3 (2007-2011) *Mojo Recommendation

MPG: 22 City, 32 Highway

Price Range: $10,000 – $19,000

Nissan Sentra (2007 – 2011)

MPG: 24 City, 33 Highway

Price Range: $9,000 – $16,000

Toyota Prius (2008 – 2011)

MPG: 48 City, 45 Highway

Price Range: $16,000 – $24,000


Photo Credits: Avenger Forumz