It's an unfortunate fact of life, but owning and operating a car is very expensive for students, especially when you consider additional expenses such as gas, insurance, oil changes and regular maintenance.
When searching for a used car, parents often look for affordability, reliability and safety, while most students tend to focus on make and model, speed and style.
Well, rest assured parents and students, the best of both worlds can be accommodated! U.S.-based Kelley Blue Book has announced their picks for the 2008 Top 10 Used Back to School Cars:
- 2008 Chevrolet Aveo
- 2007 Dodge Caliber
- 2005 Ford Crown Victoria
- 2004 Ford Focus
- 2004 Honda Civic
- 2006 Hyundai Elantra
- 2004 Mazda Tribute
- 2004 Mazda3
- 2004 Nissan Altima
- 2004 Pontiac Vibe
Used cars don't always come with the guarantees of brand new cars, so consider these tips when shopping for a pre-owned vehicle:
- Look for quality, not beauty.
- Ask to see the service records of the car to ensure maintenance was upheld.
- Shop around for the lowest insurance rate before committing to buying a car. Rates can vary by hundreds, even thousands of dollars for virtually the same policy, so make sure to compare rates before purchasing.
InsuranceHotline.com searched for the lowest and highest insurance rates comparing a driver with a clean record, driving a 2004 Pontiac Vibe and 2004 Honda Civic. From the table below, the difference in the amount you would pay is huge.
Vehicle Clean Record
(Female, 20 years old, Guelph, Ontario)
Lowest Rate Highest Rate 2004 Pontiac Vibe $2419 $4524 2004 Honda Civic $2690 $4900