Vehicles Under $5,000 for Your Teen
With summertime approaching, many teens are gearing up to follow an American rite-of-passage and get their first driver license. Of course, once a teen gets a license, the next step is their own car, but what’s out there on the market? What’s reasonable?
$5,000 is a good starting point. It’s no drop in the bucket, but it’s considerably lower than the price of a new car and generally a good indication of where junk cars filter out. That being said, this list isn’t all-inclusive, and you can find good deals well below $5,000.
- Eighth Generation Honda Accord
This Accord, sold from 2007-2012, is one of the most reliable sedans to ever exist. Given, it’s not flashy, but it’s safe, reliable, and comes with lots of creature comforts in the cabin if you find a nice one.
Price Range: $4,000-$6,000
Fair Price – $3,000
2. 10th Generation Toyota Camry
I’ll be blunt. This is the best car you can buy. There is no greater sedan than a Camry. In 2015, Toyota boasted that 80% of all Camrys sold in the last 20 years were still on the road today.
If treated right, it will outlive the human race and survive to the end of the universe. If treated bad, it will still probably get to 200,000 miles. It’s not sexy, it’s not setting the world on fire with its innovation, but much like how a cockroach could survive a nuclear fallout, this Camry can survive a good bit of what mistakes a new driver makes. Did I also mention it’s safe too?
Price Range: $4,000-$6000
Fair Price – $5,000
First Generation Ford Focus Hatchback
The first generation Focus, sold in the United States from 2000-2004, is a popular car with teens, financially conservative adults and automotive enthusiasts alike due to its rugged build, quick engine and fun design. Most versions of this car came with a fairly reliable, easy to maintain 2.0 liter inline four cylinder motor. The hatchback edition is great for a teen that may need some extra trunk space for bags, instruments or sporting equipment, but still gets great gas milage due to the four cylinder engine.
Price Range: $1,500-$3,500
Fair Price: $2,500
Early Aughts Ford Ranger
Maybe your teen works and needs something that can haul. Maybe it would be nice to have a truck for those father-son weekend projects. Maybe a sedan is just too small. If so, your teen needs a Ford Ranger. Called a “compact truck”, it is very small compared to its F150 brother but features a decently sized bed and multiple cab options. There are no generations for this truck, so look for ones built 1997-2002 for this price range.
Price Range: $1,000-$4,000
Fair Price: $2,000
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