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Buying a used car? Here are the models to look for

Honda and Toyota had the most models on Edmunds.com’s annual list, making up nearly half the list with 4 vehicles each.

By Credit.com Sep 16, 2013 11:43AM

This post comes from Christine DiGangi at partner site Credit.com.


Credit.com logoHonda and Toyota had the most models make Edmunds.com’s Best Used Cars for 2013, filling out nearly half the list with four vehicles each. Ford also placed well, with three of its models making the list.


Couple shopping for car © Medio Images, Getty ImagesEdmunds.com, which provides research and car-shopping tools, issues the annual list based on vehicle reliability, safety, value and availability.


Only vehicle model years 2006 to 2011 were eligible.


Here's the full list.


Subcompact Sedan: 2007-2011 Honda Fit.


Compact Sedan: 2006-2011 Hyundai Elantra.


Midsize Sedan: 2007-2011 Ford Fusion.


Large Sedan: 2006-2011 Toyota Avalon.


Coupe: 2006-2011 Honda Accord.


Convertible: 2006-2011 Volvo C70.


Wagon: 2006-2011 Subaru Outback.


Compact SUV/Crossover: 2006-2011 Honda CR-V.


Midsize SUV/Crossover: 2006-2011 Toyota Highlander.


Large SUV/Crossover: 2007-2011 Mazda CX-9.


Minivan/Van: 2006-2011 Honda Odyssey.


Cargo Van: 2006-2011 Dodge/Mercedes-Benz Sprinter.


Compact Truck: 2006-2011 Toyota Tacoma.


Large Truck: 2006-2011 Ford F-150.


Luxury: 2006-2011 Infiniti G35/G37/G25.


Hybrid: 2006-2011 Toyota Prius.


Two-Seat Sports Car: 2006-2011 Chevrolet Corvette.


Performance Car: 2006-2011 Ford Mustang GT.


In a news release, Editor-in-Chief Scott Oldham explained some of the rankings: "There are a lot of popular cars on this list, and that's not a surprise," he said. "Wider availability of a particular vehicle almost always translates to more competitive prices and better value for used car shoppers."


Used-car loans made up 62.3% of outstanding auto loans in the second quarter of 2013, according to Experian Automotive data. The average loan on a used car was $17,913 -- up $480 from the second quarter 2012 -- and the average credit score of consumers with used-car loans was 660, the lowest it’s been since 2007.


A consumer’s credit score impacts the rate he or she will get on an auto loan, and higher scores will likely translate into lower rates (which will reduce loan payments). Credit scores are based on consumer credit history, so it’s important to check your credit reports for potential errors before applying for loans. 


Consumers should also have an idea of their credit score before shopping, which can be obtained for free through Credit.com’s Credit Report Card.


More from Credit.com:

4Comments
Sep 17, 2013 12:15AM
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Regardless of the used vehicle you buy have someone check the undercarriage for excessive rust.  Specifically, closely examine all the metal brake and gas lines.  If the vehicle spent most of it life in the snow belt states and Canada where road salt and salt brine are heavily used, chances are the brake lines are severely rusted and can unexpectedly burst.  Gas lines can quietly drip in your garage and the fumes might be ignited.  If you live where it doesn't snow, still check, if it isn't clear where the vehicle was originally from and driven.  Rusting brake and gas lines are an epidemic in the Northeast.
Sep 17, 2013 2:42AM
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I drive a 2007 Honda Accord EX. (2.4L 4 cylinder) It has 168,000 miles on it.
 Not including routine maintenance, it has never needed any repairs. It shows little wear other than a slight flattening of the driver seat (Fits my butt, but not anyone else it seems) and a scuff mark on the rear bumper...It looks and drives like it did, the day I bought it new. I've decided not to buy a new vehicle, until this one wears out. 

I hate it (smiles)


Oct 8, 2013 10:51PM
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Millions people purchase cars as they only use them for a while and get the new ones, so it is good idea to enjoy the used cars, but in my opinion it is better to have new car as the taste of getting the new car is ultimate that provide feel that you owned a new branded car and for that there are many financial service providers like http://www.faradaywestfinance.com.au/about-us/ that offers cheap car loan as they work under the g=government rules and regulations.


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