Most desirable used cars for under $5000.

Sept. 17, 2010 - PRLog -- With today's economic turmoil and uncertainty, it's no surprised many Canadians are looking to purchase a vehicle that is both affordable and reliable for under $5000. The logic is simple; buy something that is affordable, great in the winter weather. But it will be cheaper to insure as well as to maintain, the market for vehicles under $5000 is big, so big that if you don't react quickly enough some one else may just snatch the deal before your eyes. This doesn't mean you should jump into making a purchase without any research or sound advice. For one, vehicles under $5000 will not come with any warranty, this is normal because there is just no profit in the transaction for the dealership to offer any legitimate warranty. Don't be fooled by some dealers' advertising of free 6 month or 1 year warranty. These types of third party coverage is completely useless, the amount of hassle and headache you will go through just to make a claim will make you think twice the next time you encounter them again. Vehicles under $5000 are not hard to find but buy with caution because some vehicles may seem like a great deal on paper, but the repair bill can be very high. Typically speaking the Japanese vehicles are the better choice, not only they are fuel efficient but also reliable even at higher km. Good choice by default would be Honda and Toyotas, certain Nissan products as well. Honda Civic is famous for its reliability and resale value, Toyota Corolla is a close competitor as well with only minor differences.

Used Hondas are usually more expensive compare to a used Toyotas, for $5000 you maybe able to purchase a 8-10 year old Civic on the market with 150,000 - 200,000 km. Don't let the km scare you, the Civic can easily last up to 400 - 500,000 km as long as you maintain the vehicle with proper maintenance plan. For Hondas in particular anything older than 1998 will require a timing belt and water pump replacement at 100,000 km. Ask your seller if this has been done, if not you should save some money set aside for this important maintenance. If you are purchasing a used Honda Accord or Odyssey you should be aware of potential transmission failures if the vehicle has more than 160,000 km, bring along a friend who has good mechanical knowledge or to your local garage for an inspection.

When it comes to purchasing a used Corolla you should check for engine oil sludge by opening the engine oil cover as well as the dip stick. Make sure the vehicle does not burn engine oil when you start or a puff of blue smoke when you first turn the vehicle on. Suspension noises and exhaust heat shield rattles are common among Corollas when the vehicle is more than 8 years old. But when it comes to timing belt and water pump replacement it is not as crucial for a Toyota due to difference in the so called "none interference" engine design. Remember don't be over concerned with small mechanic issues, as long as the vehicle's powertrain has no obvious problems you are on the right track.

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