Best Deals on Used, Fuel-Efficient Cars
With gas prices averaging close to $4 a gallon, it's more important than ever to consider fuel-economy when shopping for a car.
If you drive 15,000 miles per year, each mile per gallon increase in fuel efficiency will save you around $150 in fuel costs each year.
Consumer Reports recently identified the best used car deals on fuel-efficient small cars for the 2007-2008 model years. These are vehicles that have already depreciated greatly, saving you a considerable amount.
Each model has average or better reliability, scored well in Consumer Reports' tests, and performed well in crash tests. Some of the models have been discounted by up to 40% compared to their original retail price.
Here are the recommended cars:
| Make & model | MSRP (new) | Selling to dealer avg price | Buying from dealer avg price | Drop in private sale vs. MSRP | Drop in retail value vs. MSRP |
|---|---|---|---|---|---|
| 2008 Suzuki SX4 | $15,870 | $8,175 | $10,025 | 48% | 37% |
| 2007 Toyota Corolla LE | 16,315 | 8,960 | 11,075 | 45% | 32% |
| 2007 Honda Fit Sport | 15,970 | 9,330 | 11,350 | 42% | 29% |
| 2007 Volkswagen Rabbit | 16,065 | 9,500 | 11,600 | 41% | 28% |
| 2008 Toyota Corolla LE | 16,415 | 9,810 | 12,025 | 40% | 27% |
| 2007 Mazda3 i | 14,795 | 10,010 | 12,100 | 32% | 18% |
| 2008 Honda Fit Sport | 16,070 | 10,875 | 13,075 | 32% | 19% |
| 2007 Honda Civic EX | 19,510 | 11,330 | 13,675 | 42% | 30% |
| 2008 Scion xD | 17,349 | 11,950 | 14,150 | 31% | 18% |
| 2008 Volkswagen Rabbit | 18,650 | 11,960 | 14,300 | 36% | 23% |
| 2008 Scion xB | 16,600 | 12,185 | 14,400 | 27% | 13% |
| 2007 Toyota Prius | 22,175 | 13,220 | 15,475 | 40% | 30% |
| 2008 Mazdaspeed3 | 22,440 | 14,800 | 17,175 | 34% | 23% |
| 2008 Toyota Prius | 22,475 | 15,175 | 17,450 | 32% | 22% |
| 2008 Honda Civic Si | 29,500 | 15,150 | 17,700 | 49% | 40% |
| 2007 Subaru Impreza WRX STi | 33,495 | 22,070 | 25,225 | 34% | 25% |
My Recommendation for Car Shoppers
TrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.New York Tri-State Residents - Important:
There is a new car leasing service called Carvoy, available to NY tri-state area residents, which I recommend you try - especially if you hate the stress of haggling with car dealerships. Carvoy provides pre-negotiated lease deals, calculated with taxes and all fees incuded so you know exactly what it will cost. Here is my list of Best Carvoy deals, updated each month.- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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