So the standard frugal car advice is Honda Civic or Toyota Corolla. I'm planning to buck that and go for a used Ford Fiesta. The reason is depreciation. I can get a 4 year old used fiesta with 60k miles for less than 5k. A similar vintage Honda or Toyota would be about double that. The main reason is that it the fiesta has a terrible reputation for reliability due to a poorly designed automatic transmission. My solution is to buy one with a manual transmission. From what I can find the rest of the car is pretty reliable and parts are cheap.
What do all you frugal people think? Any problem with my plan?
April 18, 2017 at 04:27PM
