The Best Bang for Your Buck: These 10-Year-Old Used Cars Cost Less Than $16,000 and Could Go for Another 100,000 Miles

The most affordable used cars have the longest life expectancy and the lowest prices, according to a new report. Some cars, such as the Chevrolet Impala or Kia Sedona cost less than $10,000, and can last another 100,000 miles. Here are the top 10 most affordable used cars. There are still many great deals available when it comes to car purchasing. Cost-conscious car buyers are looking for used cars in excellent condition to meet their budget. Ivan Drury from Edmunds, director of insights, said that you should inspect the vehicle for any wear beyond the mileage and take it to a shop for an inspection. More from Personal Finance:Leasing a car has made financing more expensive. A certified pre-owned vehicle usually comes with warranty coverage. Read more from Personal Finance. Increased interest rates have made it more expensive to finance a car.10 cars with the longest lifespanCar deals can be hard to find. Buying a used vehicle is a smart way of saving money and avoiding the high depreciation costs associated with new cars. Due to the continuing chip shortage, the demand for used cars soared. This caused prices to soar and reduced the value of pre-owned cars. According to the latest inflation reading, used cars now have prices that are lower than they were one year ago. According to Pat Ryan (founder and CEO of CoPilot), a car-shopping app, prices are still 33% higher than they would be if normal decline occurred. How to find the best used car price. A recent iSeeCars survey analyzed over 2 million cars to determine which models are the most affordable and have the longest lifespan. The report found that the average cost of the top 20 cars and trucks aged 10 years is only $12,814, with nearly 100,000 miles left. This represents more than 46% of their remaining lifespan. Drury stated that you shouldn't be alarmed at the 100,000-mileage mark on your odometer. He said that "100,000. is no longer the mileage threshold it was in the past." "Vehicle durability is much better than it was a decade ago." The No. The Toyota Prius is the next best deal. It has up to 130,000 miles left to go and costs less than $14,000, in addition to significantly lower fuel prices. The Kia Sedona and Dodge Grand Caravan were also top contenders. They had a variety of sedans, SUVs and minivans as well as a pickup truck. The Honda Fit was the top-rated 5-year-old car and truck, at $18,486, with an average life expectancy of nearly 75%. It followed closely by the Civic, Prius, and the Civic. Five Toyotas topped the list as the best 5-year-old cars for money. This included the Camry and Corolla, as well the Avalon and Avalon. The report compared 10-year-old models with a lifespan of over 100,000 miles to 5-year-old models with a lifespan of between $18,000 and $26,000, and compared them with models that cost between $9,000- $19,000. Drury advised that anyone looking to buy one of these used cars must "be ready to act quickly." Many of these cars will not last more than a few weekends before being sold. Edmunds data shows that a $12,000 10-year-old car will only last 27 days on the lot. Subscribe to CNBC YouTube.