Is it possible to buy a car for $5000?
With $5,000, you’re going to be limited to older used vehicles. Some things you could expect from used vehicles under $5,000 include: At least 100,000 miles or more. Likely some cosmetic damage. Spending $4,000 on a used car can be a smart move if you know what to look for. In this price range, you’re typically looking at vehicles that are: 8 to 15 years old. Have mileage between 100,000 and 200,000 miles.
Is $5000 enough to buy a car?
If you finance, it could mean an affordable monthly payment and a smaller down payment. However, with a $5,000 budget, you may have to expect higher mileage vehicles, a higher risk of mechanical breakdowns, and possibly a high interest rate. A down payment between 10 and 20 percent of the vehicle price is the general recommendation, although you can put down more. One reason to make a down payment is to reduce the amount you must borrow. By reducing the amount financed, you save some even before you start negotiating the car price.
What is the most reliable used car for under $5000?
What is the best used car under $5,000? The best used car under $5,000, according to our data, is the 2007 Audi A4 compact sedan. What is the best used SUV under $5,000? Our rankings show the best used SUV under $5,000 is the 2007 Nissan Murano. While both the Q5 and Q7 are practical SUVs with a lot to offer, you might find one more suitable depending on your needs. For a more compact option that’s still spacious enough for busy families but isn’t quite as hefty as the seven-seater Q7, the Q5 might be the one for you.
What is the #1 most reliable car?
Lexus ranks highest overall in vehicle dependability for a second consecutive year, with a score of 135 PP100. Among premium brands, Porsche (175 PP100) ranks second and BMW (190 PP100) ranks third. Toyota ranks highest in the mass market segment, with a score of 147 PP100. In 2023, a total of two Lexus models received recognition for the best performance in their segments and Lexus was named Best Luxury Brand. On the other hand, Audi failed to earn any first place selections in the 2023 Kelley Blue Book Best Resale Value Awards.Subaru, Lexus, and Toyota lead our reliability ratings, with GMC, Cadillac, and Rivian ranking last. Plus, an analysis of new hybrids, EVs, and PHEVs. NOTE: The 2026 car reliablity predictions will be posted in December, 2025.