A car is not only an important purchase, but also a serious investment. It is important to look for a model that maintains value over time. Value for money is the main condition. Drivers pay attention, first of all, to cars that will not cost too much and do not require constant repair costs. Naturally, fuel savings also play an important role.
Experts told us which affordable models would be a reliable investment. GOBankingRates spoke with industry experts to find out which brands are the best to choose in 2024.
Toyota
Toyota consistently leads the way when it comes to affordable and reliable cars. These models traditionally find themselves at the top of the bestseller list.
“In general, Toyota is always the best choice for buyers looking for inexpensive cars. Firstly, the manufacturer offers the widest range of affordable cars on the market, and some are even equipped with very economical hybrid powertrains. The second advantage is Toyota’s constant record of reliability over several generations various models.” , which minimizes maintenance costs,” said Evaldas Zabitis, automotive expert at CarVertical.
Jamie Mitry, sales and service manager for Cumberland Hill Auto, added that the parts on these vehicles are top-notch and maintenance is affordable.
Brian Moody, executive editor of Kelley Blue Book, recommended the Toyota Corolla, a longtime favorite among budget-minded buyers. It’s a top choice for its amazing fuel efficiency and reliable performance.
Ford
For decades, Ford has been known as an affordable, iconic American brand for its tough trucks and practical family vehicles. In 2024, Ford is still the best choice for buyers.
There is a stereotype that Ford is a rather expensive brand. In fact, the manufacturer offers a surprising number of high-quality and affordable lower-end vehicles.
“For example, the Ford Maverick – one of the brand’s smaller trucks – offers impressive payload and torque, and is equipped with a hybrid engine option for improved fuel economy,” said Nigel Tunnacliffe, co-founder and CEO of Coastline Academy.
Honda
Honda has long been synonymous with reliability and affordability, and the brand’s 2024 lineup will save you money in the long run.
“Honda offers a diverse lineup of vehicles at a competitive price range. The vehicles have strong safety records and good fuel efficiency, which reduces long-term costs,” Tunnacliffe said.
The brand also offers a range of electric and hybrid vehicles that, despite a higher initial cost, are extremely fuel efficient over their lifetime. Honda as a brand maintains a high resale value.
Mazda
Although Mazda is often overshadowed by larger automotive giants, the manufacturer has carved out a niche for itself as an affordable driving brand. Even the most affordable Mazdas fall far short of basic transportation. Mazda offers a choice of refined, well-engineered vehicles with luxury features that make them a great investment.
OBOZ.UA previously reported that Nissan will bring many inexpensive models to the market.
Source: Obozrevatel