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Old 11-13-2016, 09:16 PM
 
1,260 posts, read 2,149,565 times
Reputation: 373

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Hello,

I drive about 80 miles a day (5 days a week) for work. I currently drive a 2002 Honda Accord that has about 220k miles on it, but the engine needs to be replaced.

What is the most efficient used car under $14K to $16K to drive 80 miles per day, 5 days a week?

I am considering purchasing used car with low miles (less then 40k miles)

2013-2015 Toyota Corolla.

Any other used car to consider? Toyota Corolla is what i am considering now.

Thanks,
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Old 11-13-2016, 09:20 PM
 
Location: San Antonio/Houston
33,542 posts, read 51,750,301 times
Reputation: 82966
Honda or a Toyota. Preferably a compact like the Civic or Corolla. A 2-3 year old one just off lease with about 20k miles should run you ~$14k. It'll last 200k miles or so.
http://longtermqualityindex.com/
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Old 11-13-2016, 09:29 PM
 
Location: Silicon Valley
16,702 posts, read 20,456,636 times
Reputation: 30701
First of all, if you can drive your current Honda, why do you think it needs a new engine?

When you figure out the most efficient car, you need to include the cost of the car, any interest of there's a loan, the cost of insurance for the car, and registration. Then, you look at the cost of maintenance, and registration.

In other words, if a brand new car will get you 50 mpg, and you're thinking - wow! That would be so cheap for my commute! You need then look at the cost of the car in reduced savings, or loan payments, and higher registration and insurance fees.

Then, you ask yourself, would it be cheaper to just fix the Honda? Usually that answer would be yes.

I buy really old Toyotas, although my current ride is a 93 Nissan pickup. Super cheap to insure and register. Need very little maintenance.

I plan on just fixing whatever needs to be fixed whenever it happens, with my Nissan pickup. It will always be cheaper than a newer vehicle, in my opinion.

That would be even more true for a Honda, in my opinion. A Ford, a Chevy, etc., no way. But, an older Japanese car or truck - yes.

If for some reason you just want a Toyota, that would also be a very smart long-term investment. But, again, you need to look at all of the actual costs from purchase price to insurance to registration to maintenance, over the time frame you want to keep it.

Unless you just don't like driving the Honda, I'd keep it and just keep fixing it. But, I don't care about impressing anyone, either, in case that's a concern for you.

And I buy old Japanese vehicles with 200K miles and drive them for many miles after that. My last one had almost 300K on it, and it was still driving fine when the state of CA bought it from me for more than I could sell it for on Craigslist LOL. I took that money and bought an even older Nissan pickup because I wanted a pickup. My point just being you can get way more miles out of that Honda than 200K. Unless you live somewhere where it will fall apart from rust, it should be fixable and run and run and run.
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Old 11-13-2016, 09:29 PM
 
Location: In the Pearl of the Purchase, Ky
6,957 posts, read 12,372,463 times
Reputation: 29133
I know it's older than you're looking for but we're driving a 1999 Toyota Rav 4 we've had for 4 years. We're getting around 28-30 MPG on the road. Bought it for $6000 in 2012 and haven't had hardly anything done to it. Stepson is a certified mechanic so anything my wife hears the tiniest noises, she calls him to check it out. lol Wouldn't hesitate to buy another Rav4.
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Old 11-13-2016, 09:40 PM
 
1,260 posts, read 2,149,565 times
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Quote:
Originally Posted by NoMoreSnowForMe View Post
First of all, if you can drive your current Honda, why do you think it needs a new engine?

My point just being you can get way more miles out of that Honda than 200K. Unless you live somewhere where it will fall apart from rust, it should be fixable and run and run and run.
Thanks for your response.

I will still keep my Honda for my daughter who is turning 17 years old soon. That will be her car to drive after I fix it.

The Honda has head about 2-3 years of over heat issues. I replaced the heads on the engine 2 times already. It runs great minus the over heat issue. I brought to 2 mechanics shops and both recommends replacing the engine with a used engine. The engine cost about $3000-$6000 installed, with some type of warranty. And just not prepared to spend that kind of money at the time. The car is good and I have been repairing on it lately.

So its time for another car. I would looveee to drive my Honda til it has 500k.
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Old 11-13-2016, 09:42 PM
 
1,260 posts, read 2,149,565 times
Reputation: 373
Quote:
Originally Posted by elnina View Post
Honda or a Toyota. Preferably a compact like the Civic or Corolla. A 2-3 year old one just off lease with about 20k miles should run you ~$14k. It'll last 200k miles or so.
Long-Term Quality Index
Great response. Thank you.

When purchasing a car, how do I know if the car is just off lease?

Thanks
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Old 11-14-2016, 02:20 AM
 
Location: San Antonio/Houston
33,542 posts, read 51,750,301 times
Reputation: 82966
Quote:
Originally Posted by darrell2525 View Post
Great response. Thank you.

When purchasing a car, how do I know if the car is just off lease?

Thanks
Off-Lease Cars - Explained - by LeaseGuide.com
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Old 11-14-2016, 08:38 AM
 
Location: Houston/The Hague
954 posts, read 824,627 times
Reputation: 1029
Consider a Prius. Thanks to cheap gas, they've depreciated a lot and make a great used-car buy.
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Old 11-14-2016, 08:50 AM
 
12,404 posts, read 9,195,957 times
Reputation: 8861
Quote:
Originally Posted by darrell2525 View Post
Hello,

I drive about 80 miles a day (5 days a week) for work. I currently drive a 2002 Honda Accord that has about 220k miles on it, but the engine needs to be replaced.

What is the most efficient used car under $14K to $16K to drive 80 miles per day, 5 days a week?

I am considering purchasing used car with low miles (less then 40k miles)

2013-2015 Toyota Corolla.

Any other used car to consider? Toyota Corolla is what i am considering now.

Thanks,
Prius c perhaps?
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Old 11-14-2016, 09:12 AM
 
13,710 posts, read 22,821,151 times
Reputation: 18521
Quote:
Originally Posted by darrell2525 View Post
Hello,

I drive about 80 miles a day (5 days a week) for work. I currently drive a 2002 Honda Accord that has about 220k miles on it, but the engine needs to be replaced.

What is the most efficient used car under $14K to $16K to drive 80 miles per day, 5 days a week?

I am considering purchasing used car with low miles (less then 40k miles)

2013-2015 Toyota Corolla.

Any other used car to consider? Toyota Corolla is what i am considering now.

Thanks,


You can purchase a 2014-2015 Toyota Corolla LE with 30-45k miles for about $11-12k at Hertz Sales. Hertz will allow you to have a 3 day rental to check it out and provide you with a limited 12 month warranty. Prices are a little higher in California and a little lower in the Midwest.

Other options would include the Yaris and the Prius C. My BIL has a commute 35 miles each way and gets about 42 mpg on the highway with his Yaris. And that is a guy who had NEVER bought anything but Dodges.

I have no affiliation with Hertz. However, if my 2007 Toyota Corolla died tomorrow, that is the avenue that I would take.

I hope that helps

https://www.hertzcarsales.com/Search...5&pageNumber=1
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