23 Used Cars That Are Now Affordable for the Average Buyer

Gabrielle Olya

17 November 2023 at 9:01 am·4-min read

While the prices of new cars continue to soar, used cars are actually becoming more affordable. Over the past year, used cars have become 5.8% more affordable on average as prices fell and median household income rose, a recent iSeeCars.com report found.

More Bang for Your Buck: These 20 Cars Will Last You Twice as Long as the Average Vehicle
Be Aware: 6 Used Cars To Stay Away From

To determine the used cars that are now affordable for the average buyer, iSeeCars used its Car Affordability Index, which compares median household income to an idealized income for financing a car. Based on this calculation, a $33,373 used car would be affordable for the average buyer.

Here’s a look at the 23 used cars that are now affordable for the average buyer that weren’t last year, according to the iSeeCars analysis.

BMW i3

Average 3-year-old used car price: $27,748
% price drop from October 2022: -18.1%

Read: Money Expert Rachel Cruze Recommends Buying These 10 Used Cars for Under $10K
More: 6 American Cars To Stay Away From Buying

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Chevrolet Blazer

Average 3-year-old used car price: $29,062
% price drop from October 2022: -16.6%

Interesting: A 3-Year-Old Car Used To Be Affordable — Now the Same Price Gets You a Car More Than Twice as Old

Volvo S60

Average 3-year-old used car price: $29,507
% price drop from October 2022: -14.4%

Alfa Romeo Stelvio

Average 3-year-old used car price: $30,431
% price drop from October 2022: -9.0%

Genesis G70

Average 3-year-old used car price: $30,689
% price drop from October 2022: -10.9%

BMW 2 Series

Average 3-year-old used car price: $31,116
% price drop from October 2022: -15.8%

I’m a Mechanic: Here Are the 6 Best Luxury Cars I Recommend

Volvo XC40

Average 3-year-old used car price: $31,302
% price drop from October 2022: -11.7%

Cadillac XT4

Average 3-year-old used car price: $31,373
% price drop from October 2022: -9.2%

Buick Enclave

Average 3-year-old used car price: $31,986
% price drop from October 2022: -6.4%

Lexus IS 300

Average 3-year-old used car price: $31,993
% price drop from October 2022: -4.7%

Pictured: Lexus IS 350

Find: Grant Cardone Doesn’t Think You Should Buy That New (or Used) Car — Here’s Why

Honda Pilot

Average 3-year-old used car price: $32,230
% price drop from October 2022: -3.6%

Audi A5 Sportback

Average 3-year-old used car price: $32,230
% price drop from October 2022: -12.3%

Nissan Armada

Average 3-year-old used car price: $32,268
% price drop from October 2022: -10.8%

Jeep Grand Cherokee

Average 3-year-old used car price: $32,547
% price drop from October 2022: -5.6%

Check Out: Buying a New Car Under $20,000? Here Are Your Best Options

Audi Q5

Average 3-year-old used car price: $32,646
% price drop from October 2022: -8.5%

Toyota Avalon

Average 3-year-old used car price: $32,748
% price drop from October 2022: -3.1%

Kia Stinger

Average 3-year-old used car price: $32,811
% price drop from October 2022: -8.8%

Tesla Model 3

Average 3-year-old used car price: $32,861
% price drop from October 2022: -28.9%

More: Dave Ramsey Says These Are the 3 Best Places To Buy Used Cars

Lexus UX 250h

Average 3-year-old used car price: $32,931
% price drop from October 2022: -9.9%

BMW 3 Series

Average 3-year-old used car price: $33,036
% price drop from October 2022: -6.0%

Ford Ranger

Average 3-year-old used car price: $33,080
% price drop from October 2022: -4.0%

Jaguar E-PACE

Average 3-year-old used car price: $33,303
% price drop from October 2022: -3.5%

Lexus NX 300

Average 3-year-old used car price: $33,352
% price drop from October 2022: -3.9%

All data is sourced from iSeeCars.com and is accurate as of Oct. 18, 2023.

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This article originally appeared on GOBankingRates.com: 23 Used Cars That Are Now Affordable for the Average Buyer

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