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.
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
