Car shopping can be an expensive endeavor, but one way to maximize value for money is to buy a used vehicle instead of a new one. Used cars are significantly cheaper than their brand-new counterparts, and their depreciation has already been factored in, meaning their value does not immediately decline once driven off the lot.
However, the rising costs of used cars mean that buyers need to choose models that offer reliability, affordability, and fuel efficiency.
This guide highlights some of the best used car options available in 2024, providing insight into their features, price ranges, and fuel economy. Choosing the right used car can save thousands of dollars while still providing excellent performance and longevity.
In 2024, the average price of a used car is $25,571, according to CarEdge, while a new car costs an average of $48,401, per Kelley Blue Book. This significant price gap demonstrates why many consumers opt for used vehicles. New cars depreciate quickly, losing a significant portion of their value within the first few years.
In contrast, a used car has already undergone the steepest part of its depreciation curve, allowing buyers to purchase a vehicle with minimal value loss over time. Despite rising prices, used cars remain the more budget-friendly option.
With diligent research, buyers can find reliable used cars at much lower price points, making ownership more accessible for many Americans. Additionally, buying a used car allows consumers to afford higher trim levels or additional features that might be out of budget in a new car purchase.
1. Chevrolet Cruze (2016-2019)
Price Range: $7,475-$9,925
Owner Reported MPG: 33 mpg
The second-generation Chevrolet Cruze is known for its comfortable ride, spacious interior, and solid performance. Consumer Reports particularly favors the 2017 model year for its improved reliability.
With affordability and efficiency, the Cruze is an attractive option for budget-conscious buyers. Additionally, the Cruze offers advanced safety features, a user-friendly infotainment system, and strong fuel efficiency, making it a well-rounded choice.
Those looking for a vehicle with a smooth ride and adequate space will find the Cruze to be a great fit for both city and highway driving.
2. Toyota Prius (2015-2018)
Price Range: $14,000-$17,000
EPA Combined Fuel Economy: 46-50 mpg
A standout in fuel efficiency, the Toyota Prius has been a longtime favorite among eco-conscious drivers. It was named a Top Safety Pick by the IIHS and received the 2016 Eco-Friendly Car of the Year award from Cars.com.
The Prius combines excellent gas mileage with a budget-friendly hatchback design, making it a great investment. Its hybrid technology allows for lower emissions and reduced fuel costs, which can save owners a significant amount of money over time.
Additionally, the Prius is known for its spacious cargo area, making it a practical choice for those who need extra storage space for road trips or daily commutes.
3. Honda Fit (2010-2013)
Price Range: $6,850-$7,250
Owner Reported MPG: 32 mpg
Redesigned in 2009, the Honda Fit improved in speed, safety, and overall modernity. It offers a responsive drive, smooth engine performance, and agile handling. Its compact yet practical design makes it a favorite among city drivers and those looking for an affordable, fuel-efficient vehicle.
The Fit’s unique “Magic Seat” allows for flexible cargo configurations, making it one of the most versatile small cars available. Whether transporting passengers or larger items, the Fit provides adaptability that many compact vehicles lack.
4. Acura ILX (2014-2017)
Price Range: $13,000-$17,000
EPA Combined Fuel Economy: 25-29 mpg (gas-only); 38 mpg (hybrid)
For buyers seeking a blend of luxury and affordability, the Acura ILX is an excellent choice. It boasts an upgraded suspension system and refined handling. As an IIHS Top Safety Pick, it ensures both comfort and security for drivers and passengers alike.
The ILX also offers premium interior materials, a sleek design, and advanced technology features that make it a compelling option for those who want a touch of luxury without breaking the bank.
5. Chevrolet Volt (2016-2017)
Price Range: $15,000-$16,000
EPA Combined Fuel Economy: 42 mpg as a hybrid, 53 miles of all-electric range
The Chevrolet Volt offers an extended electric driving range, making it an economical option for those with daily commutes. Cars.com praises its strong fuel efficiency and practical design, making it a solid option for those looking to transition into hybrid driving.
With its ability to drive on electric power alone for a substantial distance, the Volt is ideal for those looking to minimize fuel costs and reduce their carbon footprint.
Also Read: 10 Best-Selling Cars of All Time That Shaped the Automotive Industry
6. Mazda3 (2013)
Price Range: $6,275-$9,925
Owner Reported MPG: 32 mpg
The Mazda3’s 2012 powertrain improvements significantly boosted fuel efficiency. Consumer Reports rates it highly for performance, handling, and overall ride quality.
This compact car provides an enjoyable driving experience while remaining economical. Its sporty design, responsive steering, and quality interior materials make it a standout choice in the used car market.
7. Toyota Corolla (2017-2018)
Price Range: $15,500-$17,000
EPA Combined Fuel Economy: 30-34 mpg
The 2017 Toyota Corolla received a substantial safety upgrade, including features such as a backup camera, automatic emergency braking, and adaptive cruise control.
Its combination of safety, fuel efficiency, and affordability makes it a popular choice among used car buyers. The Corolla’s strong reputation for reliability means owners can expect years of dependable performance with minimal maintenance costs.
8. Lexus ES (2011)
Price Range: $9,500
Owner Reported MPG: 24 mpg
For those looking for a more luxurious option, the Lexus ES offers a comfortable ride with impressive fuel efficiency. Standard rear-seat side airbags add an extra layer of safety, making it a desirable choice in the used luxury car market.
Additionally, its quiet cabin, smooth ride quality, and high-end materials make it an excellent choice for those seeking refinement without an exorbitant price tag.
9. Honda CR-V (2015)
Price Range: About $16,500
EPA Combined Fuel Economy: 28-29 mpg
The Honda CR-V is widely regarded as a dependable and practical SUV. With spacious interiors, easy accessibility, and excellent gas mileage, it’s an ideal choice for families or individuals needing extra cargo space. The CR-V also earns top safety ratings from IIHS, making it a secure choice for families.
10. Toyota Corolla (2010-2013)
Price Range: $7,525-$8,125
Owner Reported MPG: 30 mpg
An older yet reliable model, the 2010-2013 Toyota Corolla is well known for its fuel efficiency, smooth handling, and durable suspension system. It remains a top pick for budget-conscious buyers looking for longevity in their vehicle.
Purchasing a used car in 2024 remains a smart financial move as long as buyers focus on reliable models that offer great value. Whether seeking affordability, fuel efficiency, safety, or luxury, there are numerous options available to suit different needs and budgets.
By carefully researching and selecting the right used vehicle, buyers can enjoy significant savings without compromising on quality and performance. Taking the time to inspect a used car’s history, mileage, and condition will ensure a wise investment that continues to deliver satisfaction for years to come.
Also Read: 10 Best Plug-In Hybrid SUVs for Maximum Efficiency and Long-Distance Driving in 2025
