5 Best Used Cars Under $8,000
NEW YORK (TheStreet) -- Do you need a car that's more reliable than your cash flow? Then check out Kelley Blue Book's top picks for best used automobiles under $8,000.
"These are all reliable, safe means of transportation that people can buy at affordable prices," says Jack Nerad, executive editorial director at KBB. "There are lots of used cars out there for under $8,000, but there aren't nearly as many that we'd be comfortable putting our children in or recommending to a friend."
Nerad says the best sub-$8,000 used cars are typically late-model versions of top-selling vehicles, which are generally plentiful in the resale market. "There are definitely good cars on our list," he says. "It's just that they're frankly older and very likely to have more miles on them."
Read on to check out KBB editors' top choices for used cars under $8,000, listed in order of how highly staffers ranked each model.
All prices reflect estimates of what you'll pay at a dealership for a given car that's in at least good condition, which KBB defines as having a clean title, no major mechanical problems and only normal wear and tear.
Fifth-best used car under $8,000: 2007 Mazda3
Estimated price: $7,650 (for an iSport sedan with automatic transmission and a 148-horsepower engine)
The Mazda3 has long offered a far zippier ride than you'd expect given the compact vehicle's modest sticker price.
"The Mazda3 has been on our 'Coolest New Cars Under $18,000' list forever and ever," Nerad says. "We really like every iteration of the model, both for its value and for the fact that it's fun to drive."
The 2007 version is part of the Mazda3's first generation, which is two versions removed from a third iteration that came out this year. (The Mazda3 pictured is a more recent model.)
Base 2007s are available as sedans or hatchbacks and come standard with a 148-horsepower four-cylinder engine and manual transmission. Automatic transmission and a peppier 156-horsepower four-cylinder engine are also available.
Fourth-best used car under $8,000: 2005 Toyota Camry
Estimated price: $7,925 (for models with automatic transmission and a 160-horsepower engine)
The well-regarded Camry has long been the U.S. new-car market's top-selling model, which means there are plenty of good used versions of this midsized sedan available as well.
"The Camry is kind of the poster child for dependably and reliability -- and because Camrys are essentially overbuilt, you'll find good value in a 2005 model even if it has a lot of miles on it," Nerad says.
The 2005 Camry is also just two iterations removed from the vehicle's current seventh edition, which came out in 2012.
Base 2005s come standard with manual transmission and a 160-horsepower four-cylinder engine, with automatic transmission and 210-horsepower V-6 engines available as well.