Used Cars Under $7,000

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Megan Foukes is a recent graduate from Indiana University who graduated with a bachelor’s in journalism. Megan works as a content writer for Auto Credit Express and contributes to several automotive and finance blogs.


, - September 20, 2018

If you’re on a tight budget, you may be wondering just what type of vehicle you can finance for a limited amount of money, such as $7,000. Although you won’t be able to finance most newer models for this price, you can still get a great deal in this price range on a used car.

7 Cars Under $7,000

Not all used vehicles are the same. Choosing a used car depends on your needs in a vehicle, your personal preference, and your budget. Some have better fuel economy, while others have better reliability ratings. Picking the right vehicle to fit your budget can be difficult, but, luckily, we found seven cars for you to consider if your budget falls in the $7,000 range:

Vehicles prices and fuel economy are determined using their base models. Trim levels and other options may vary.

2009 Honda Accord

  • Average price: $6,480
  • Fuel economy: 22 city / 31 highway / 25 combined
  • Estimated monthly payment: $142*

The 2009 Honda Accord can be a great choice for families as it seats five and carries an excellent safety rating. Its smooth and comfortable ride can be hard to compete with for used sedans under $7,000.

2012 Kia Rio

  • Average price: $5,550
  • Fuel economy: 29 city / 37 highway / 32 combined
  • Estimated monthly payment: $122*

The 2012 Kia Rio is small in size compared to other sedans, and has more space in the front seats than the rear seats. But its fuel economy is excellent for its class. If you plan on being the only one driving the car to get you to and from work every day, the Rio is a great option to consider at its price point.

2010 Ford Fusion

  • Average price: $5,728
  • Fuel economy: 23 city / 34 highway / 27 combined
  • Estimated monthly payment: $125*

The 2010 Ford Fusion was an Insurance Institute for Highway Safety Top Safety Pick, and racked up all “good” ratings on their crash tests. In addition, the Fusion is also comfortable and quiet compared to other sedans. This is a great car for families with small children.

2009 Subaru Legacy

  • Average price: $5,806
  • Fuel economy: 20 city / 27 highway / 22 combined
  • Estimated monthly payment: $127*

The 2009 Subaru Legacy can handle various extreme weather while still looking sporty. The Legacy has an attractive exterior and interior, as well as solid safety ratings. This would be a perfect first car for a teen or college student.

2010 Honda Civic

  • Average price: $6,406
  • Fuel economy: 26 city / 34 highway / 29 combined
  • Estimated monthly payment: $140*

The 2010 Honda Civic has a more upscale feel to it and has excellent fuel economy. But the Civic isn’t ideal if you plan on squeezing large items in the cargo space or are tall.

2010 Honda Fit

  • Average price: $6,457
  • Fuel economy: 27 city / 33 highway / 29 combined
  • Estimated monthly payment: $141*

The 2010 Honda Fit is ideal for city drivers and commuters. It also comes with great safety ratings, putting drivers more at ease when behind the wheel.

2009 Volkswagen Passat

  • Average price: $6,457
  • Fuel economy: 19 city / 29 highway / 23 combined
  • Estimated monthly payment: $141*

The 2009 Volkswagen Passat is roomier and more fuel friendly, but the catch is that it uses premium fuel. Gas itself is expensive, and if you’re not willing to pay for expensive fuel, the Passat may not be for you.

*Monthly payments are estimated based on a subprime auto loan with a term of 60 months and an interest rate of 16 percent. Costs are approximated before tax, title, and license fees, but with a 10 percent down payment included.

Find a Dealer to Work With You Today

You may have an idea of what type of vehicle you’re looking for, but if you have less than perfect credit you could find it a challenge getting approved for a car loan. When you’re ready to get the financing you need, turn to CarsDirect to get you started.

Our nationwide network of dealerships knows how to handle various credit situations, and we want to take the hassle out of finding a dealer near you. Simply complete our auto loan request form to get started.

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Megan Foukes is a recent graduate from Indiana University who graduated with a bachelor’s in journalism. Megan works as a content writer for Auto Credit Express and contributes to several automotive and finance blogs.


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