The best used cars to buy are- Honda Fit, Toyota Corolla, Matrix, Prius, Camry, Avalon, and Honda Accord. Even the Lexus CT, ES, IS, GS, Mazda MX-5 Miata, and Toyota Venza make for a sensible buy.

The price of a used car depends upon the car you choose, the existing condition of the car, features of the car, and its current value excluding depreciation.

Two- and three-year-old used vehicles are often the best values. Not only is the price lower than a comparable new car's, but continuing ownership expenses such as collision insurance and taxes are lower, and a two- or three-year-old used vehicle has already taken its biggest depreciation hit.