Top used cars under $5,000

Times are tough, but that doesn’t mean a good used car can’t be had without breaking the bank. According to Edmunds, there are a number of good used vehicles for under $5,000.

The website says that for under $5,000 it’s likely that the cars will have over 100,000 miles on them, but a good car can still be found with significant mileage.

One of the cars on its list is a 1990-1998 Mitsubishi Eclipse. The car, which can also be found as the Eagle Talon, has some power with a turbocharged engine and between 195 and 210 horsepower. If the options are out there, Edmunds says the first generation of the cars are less expensive with the Talons being the cheapest.

For some muscle the site recommends a 1986-2004 Ford Mustang which it says can be found in abundance across the country. Plus, after all these years a Mustang from two decades ago can still look good, according to Edmunds.

With an influx of cars on the market it is possible to find a car for less than $5,000 that would have sold for more money a few years ago. According to the National Automotive Dealers Association, used car prices fell in every category in 2008.

Find New York Used Cars with New Jersey State Auto.