Are you struggling with a bad credit score? Is no bank willing to land you money even at a higher interest rate? Well, in that case, buy here/pay here dealers may be an option for you, but mind you, it isn’t a very wise option at all.
It’s because you would probably be burdened with an insane interest rate, and the insurance costs would tend to be terribly high as well.
However, that doesn’t mean you’re helpless. Our list of best cars under $4,000 may turn out to be all you need to refer to in order to find a used car that offers a great value but doesn’t require you to knock the door of lenders.
Dodge Magnum (2005-2008)
First things first, you aren’t going to get the latest or best design and style for this price. Moreover, you would be looking at some old models, but they would bring a lot of value to the table anyway, and that’s probably all that really matters.
With that being said, the Dodge Magnum (models released in 2005-2008) boasts a reasonably cool design. When it hit the market back in 2005, it immediately topped the popularity charts, thanks to its powerful V8 engine.
However, for a budget of less than $4,000, some of your only few options would be the SE and SXT. They come with a V6 engine, but are nevertheless capable of producing an impressive 200 and 250 horsepower, respectively.
Mazda MPV (2002-2005)
Well, you don’t find many of these around anymore now. However, it’s really hard to find a more family-friendly used minivan in this price range.
While there are some options such as the Honda Odyssey and Toyota Sienna, they are very overpriced when compared to the Mazda MPV. However, the MPV can be just as reliable as them, but would cost you way less.
It’s fairly practical and fun to drive. It’s also very spacious, and can accommodate as many as seven passengers. However, the cargo space is quite limited, but that’s not something you can really complain about at this price.
Ford Taurus (2000-2007)
Though the Ford Taurus comes with a slightly dull design, it used to rake in great sales numbers consistently for a really long time since it was released. In fact, even when the original version got a little outdated, it’s other, modified version gave some really tough competition to many popular midsized sedans.
The relatively lower price tag and better reliability has always been some very strong points of the Ford Taurus.
Talking about the current situation, you probably already know that there are still many of them around. It just shows how popular this car was and still is.
However, something that’s good for you is that its value has deteriorated over time, which is probably the reason you’re seeing it on this list.
The Ford Taurus turns out to be a winner on the space front as well, being able to seat as many as six people. What more, if you go for a Wagon version, it would have a third-row option that would allow you to accommodate as many as 8 people.
Chevrolet Suburban (2000-2006)
This is perhaps the most surprising option on this list. However, if you search hard enough, it may surely be possible to find this beast for as less as under $4,000.
If you have a large family but a small budget, there’s probably no better choice than the Chevrolet Suburban. It actually has quite an interesting history, enjoying the title of being one of the longest running cars in the history of the industry. The first ever model of the Suburban model line was probably released some 80 years back, and since then, 12 generations of the SUV have hit the market.
However, when it comes to finding one at a price of under $4,000, the 2000-2005 version is probably going to be your best bet. It’s because it was the best-selling version of the Suburban, meaning that its available in abundance as a used car now.
While new SUVs typically cost a bomb, the soaring gas prices have taken a toll on their resale value. And that is precisely the reason you can find a beast such as the Chevrolet Suburban listed down as one of the best used cars under $4,000 here.
That being said, it goes without saying that it will turn out to be very gas hungry, but a low budget and big family doesn’t really leave you with many options.
Hyundai Sonata (2006-2010)
Hyundai has come a long way to improve its brand image from the typical budget-car manufacturer it used to be. It’s exactly what Honda successfully did back in the 1990s.
Not so long ago, Hyundai managed to release a few automobiles that simply changed the public’s opinion of the brand. They came up with some solid, exceptionally good vehicles without actually getting into the premium price club, which was quite an achievement.
And the fifth generation Sonata was one of those vehicles, which helped Hyundai improve its brand image quite a bit. In fact, it was Hyundai’s first attempt to compete with the then market-favorites Honda Accord and Toyota Camry. Surprisingly, it actually did quite well at that, which is probably the reason there are still so many of them out there today.
More importantly, though, the Hyundai Sonata may serve you great as a family car, as it comes with a whole lot of safety features, which helped it fetch a perfect 5 stars from the NHTSA for its exceptional level of safety (except for the rollover protection).
The mileage is reasonably good as well, offering 24 mpg in city driving and 34 mpg on the highway. However, the only challenging thing here will be to find a Hyundai Sonata fifth generation in a reasonably good condition for under $4,000.
While you do have an option of going for the fourth generation one, you may have to be especially careful about the quality, as it may turn out to be a major issue.