Cheap Used Cars: Colorado (CO)

Everybody knows that buying a new car or truck is a poor investment. They will cost you a small fortune, and the minute you put them in your driveway, they depreciate by 15-20%. You can in fact buy a strong-running car for less than $5000 in Colorado. Here’s a good rule: take the amount you earn every year and multiply by 0.10. Don’t bother to spend more than this on a cheap car.

If you earn $45,396 per annum (the average income per capita in Colorado), you’d buy a used car that costs only $4,540. Of course, you want to find a car that has been kept up well, and has a good reputation for reliability. Some tried and true models that you can buy inexpensively include the Acura Integra, Honda Accord, Ford Mustang, VW Jetta, VW Passat, Jeep Cherokee, Subaru Forester, and Mazda 626.