- Jun 24, 2004
- 15,628
- 5
- 81
My wife's car is a 1990 Chevy Lumina that is on the way out. We're going to run it until it dies but that time may be coming soon (we think this coming winter). She's looking for a midsized or larger sedan.
So we want to get something new but we can't spend a lot. We're on a budget of $5-7k, and it would be advantageous to get a 2004 or newer model (interest rates are much lower for 2004 and newer used cars). Before someone chimes in and tells us not to get a loan for a used car, the reason we'd have to get a loan is because we just haven't had enough time to save up for one, not to mention her student loans prevent us from quickly building up savings anyway. We're doing the best we can but the best we can do is put up a bit of a down payment so we don't have to take out as much of a loan.
After looking through Consumer Reports' reliability rankings and looking at used car ads, we've narrowed it down to a few models. In our price range we can get a late 90s or early 00s Accord or Camry, but recent Ford Tauruses are affordable, even for 2005-06 models. Is the Taurus any good? We've basically counted out most GM and Chrysler models on account of their poor reliability ratings. Maybe CR is wrong, but I'd feel nervous about getting an Impala or Malibu that has a "Much Below Average" rating in the suspension or brakes.
Also, if there are any other cars that may fit our needs please let me know!
CLIFFS:
Wife needs a midsize sedan for $5-7k
Camrys and Accords in that range are old and have high miles
Taurus seems good for the price
Maybe other cars are good too
So we want to get something new but we can't spend a lot. We're on a budget of $5-7k, and it would be advantageous to get a 2004 or newer model (interest rates are much lower for 2004 and newer used cars). Before someone chimes in and tells us not to get a loan for a used car, the reason we'd have to get a loan is because we just haven't had enough time to save up for one, not to mention her student loans prevent us from quickly building up savings anyway. We're doing the best we can but the best we can do is put up a bit of a down payment so we don't have to take out as much of a loan.
After looking through Consumer Reports' reliability rankings and looking at used car ads, we've narrowed it down to a few models. In our price range we can get a late 90s or early 00s Accord or Camry, but recent Ford Tauruses are affordable, even for 2005-06 models. Is the Taurus any good? We've basically counted out most GM and Chrysler models on account of their poor reliability ratings. Maybe CR is wrong, but I'd feel nervous about getting an Impala or Malibu that has a "Much Below Average" rating in the suspension or brakes.
Also, if there are any other cars that may fit our needs please let me know!
CLIFFS:
Wife needs a midsize sedan for $5-7k
Camrys and Accords in that range are old and have high miles
Taurus seems good for the price
Maybe other cars are good too