If you’ve ever been to Europe, you will have seen every color combination and varietal parked in lanes, streets, on top of other cars (vertically stacked cars in car parks, pls). These teeny tiny Smart Fortwo cars can squeeze into almost any nook or cranny – sometimes in places where cars really shouldn’t be parked. Seems that these non-law-abiding vehicles have broken boundaries, not just with car parking, but also in terms of price! Sure they’re convenient, fuel-efficient, pretty cute on the road and all – but really, you can’t fit much inside these bite-sized cars.
This car is for the single occupant, or for someone who really only cares about getting from A to B. As families grow and you need space, they aren’t exactly at the top of the list – so better suited to city driving, and for the lone ranger. For singles, they’re a great buy, and cheap to run. Sure, they might just fit your handbag and a pair of gym shoes, but they’re going at an even tighter price of late!
$20,000
There are cars that hold value reasonably well, and then there are cars with a value that seems to dissipate into thin air. Example A: the Nissan Maxima. There wasn’t really any real reason for it to lose value quite as quickly as it has, but hey, it does mean a good thing for consumers – a relatively new car, for a lot less than its RRP! Whether it was lack of demand, or people just weren’t too enthused by the shape of this particular model, we’re not totally sure why it flunked.
Coming with a 300 horsepower V6 engine, some fun tech and a 3-year warranty, it’s actually a pretty impressive car. When it was released, the Maxima set you back around $32,000 US, but nowadays you can pick one up for just over $20,000. We’re right on the cusp of warranty, but essentially, you’re saving $10,000 on a car that still has its driveaway warranty included!
$50,000
The King of Sportscars, topping our list is the 2001 Ferrari. Sure, it’s second hand… but, it’s a FERRARI! And, for <$50,000! That’s a bargain if we’ve ever seen one. Now this particular model has that classic shape which takes us back to our Need for Speed playing days (look, for you millennials, if you aren’t up to scratch on that, make sure you dig out your sibling’s old PS1/2 and find the game. You’ll see).
You’re going to easily find second-hand cars at crazy prices, but there’s definitely a bit of luck involved! We’re just saying that if it’s been your dream since you were a kid to own one of these Italian stallions, it’s certainly more within reach after a few years on the market!
$13,000
Ah Volkswagen. You can’t go anywhere without seeing a Golf zooming around the streets. But we’re here to talk about the VW Passat. Since the emissions test scandal that had people talking about the brand in a not-so-nice way, VW has tried desperately to come back! However on top of the models being recalled, the negative press about Volkswagen in fact caused prices to drop – demand was lower, and there was oversupply.
So the VW Passat, which was a decent mid-sized family sedan, which initially retailed at some $25,000 in 2014, can now be picked up for no more than $12,000-$13,000! Of course, the second hand market is open to some really hot deals, so make sure to keep an eye out – you should be able to pick up a bargain for a car that’s in great condition! Family-mover problem: solved!
$20,000
So sad. One of the boldest cars on the road. The Hummer was in fact, discontinued almost 10 years ago! But the day after, the brand was sold to an anonymous buyer. Some trivia for you. Anywho, this guzzling SUV (tank more like) will definitely attract a lot of attention – so if that sounds like you, listen up!
When the H2 version was released, they were running out of showrooms (or driving rather) at $60,000. But lo and behold the power of depreciation, which has brought these massive machines down a heck of a lot – to just $20,000! Sure, the fuel cost to run these babies would be up there but…to be honest, just for the novelty of owning a Hummer we’d take a gamble and go for it.