New Year, New Car? Top 10 Great-Value Used Cars for 2024 ????

A new year signifies a fresh beginning. It’s no wonder that January becomes a month when many start considering exchanging their current vehicles for newer, more lustrous, and (possibly) eco-friendly options.

And it’s an excellent time to do so, with numerous buyers trading in their current vehicles. Consequently, there’s an abundance of options available.

Even better, used car prices have steadily decreased over the past few months. They have dropped by 13.6 percent since April.* This is excellent news for anyone planning to upgrade their vehicle in 2024. 

So, what are the current bargains available? Here, the automobile specialists at Cazoo have compiled a list of the top 10 pre-owned vehicles that you can purchase for an affordable £10,000

BMW 1 Series

A compact car from a luxury brand, the BMW 1 Series is a joy to drive.

The most miniature BMW model doesn’t compromise on the luxurious appearance and ambiance across the entire lineup. It boasts a chic exterior and elegant interior, delivering an enjoyable driving experience. With ample power under the hood, overtaking on highways is effortless. For excellent value, consider models sold new from 2011 to 2019.

BMW 1 Series

Renault Zoe

A five-door hatchback with a futuristic design, the Renault Zoe is an electric car that does not disappoint.

A few years ago, purchasing an electric vehicle for under $10,000 would have seemed impossible.

Today, that amount can buy you a contemporary, zero-emissions car that’s fashionable, unexpectedly spacious, and boasts an impressive battery range.

Renault Zoe

Dacia Duster

The Dacia Duster offers extraordinary value for money with its traditional SUV aesthetics and ample room inside and in the trunk. ???? Can you believe you can get an SUV for under £10,000? It’s true – a pre-owned Duster is a steal, with many 2019 models frequently priced below five figures. ????

For this price, you receive a vehicle featuring an elevated driving stance, a comfortable ride, solid reliability, and abundant space suitable for a growing family.

Dacia Duster

Volkswagen Up!

Compact yet powerful, the Volkswagen Up! is surprisingly spacious for its size and remains effortless to park. Though not as famous as the VW Golf and Polo, the Volkswagen Up! might be smaller, but it’s just as robust and well-constructed as its counterparts.

Cozy and durable, it’s an outstanding urban vehicle, agile on the road, and simple to maneuver into parking spaces. For a compact car, it’s impressively roomy inside.

Volkswagen up

Ford Focus

When it comes to blending top-notch features, a comfortable ride, and affordability, the Ford Focus is an unbeatable choice. ???? A solid favorite among families, the Ford Focus has consistently been one of the UK’s top-selling cars, ensuring a wide selection of pre-owned models.

You can find models initially sold from 2011 to 2018 for less than ten thousand dollars. These cars offer remarkable fuel efficiency and are genuinely fantastic vehicles.

Ford Focus

Vauxhall Corsa

Comfortable, quiet, and deceptively spacious, the Vauxhall Corsa has long been a favorite in the United States. ???? Opt for a previous-generation Corsa, sold new between 2014 and 2019, and you’ll find a comfortable, quiet, and surprisingly roomy hatchback worth every penny. ????

It’s economical to operate, and its immense popularity in the UK ensures a wide selection of older models.

Vauxhall Corsa

Peugeot 208

Compact and fashionable, the Peugeot 208 is a hatchback featuring a selection of fuel-efficient engines, leading to reduced operating expenses. ????

Although the 208 gives the impression of being a familiar sight on British roads for years, it debuted in 2012. It’s the earlier yet still visually appealing models that are now available at attractive prices.

With this, you receive sleek design, a comfortable journey, and effortless handling.

Peugeot 208

Volkswagen Polo

A well-crafted classic, the Volkswagen Polo combines a spacious interior and exceptionally comfortable driving. ???? This VW hatchback, the second on our list, boasts more elegance than rivals such as the Ford Fiesta and Vauxhall Corsa. ????

Expertly constructed and boasting a surprising amount of interior room, models sold new from 2009 to 2017 represent practical, comfortable choices and can be acquired for approximately £10,000. ????

Outstanding fuel efficiency and a spacious trunk make the Skoda Fabia an exceptional bargain ????. Skodas offer fantastic value, and the Fabia is no exception – basic older models can be yours for as little as £7,000.

New Car

Invest a bit more, and you might snag the SE or SE L models, loaded with extra features and less than 50,000 miles on the odometer. Plus, there’s ample interior space to boot.

Smart Forfour

A favorite among urban residents, the Smart Forfour accommodates four passengers (as its name implies) while maintaining low operating expenses. ???????? This stunning, compact city vehicle, available in an eye-catching two-tone color scheme, is both immediately distinguishable and surprisingly affordable: starting prices are around £7k for a 2018 model. ????????

New Car

Inside, it offers seating for four or the option to fold down the seats for substantial storage space. It’s a lot of car for a modest price.

Are new car prices dropping now?

Car prices are expected to continue decreasing. ????
“Last month, the average price for a new vehicle was $47,936, a 1.4% decrease from the previous year, per the latest Kelley Blue Book data. This indicates that new car prices may decline in 2024.” A potential factor for this decrease could be an oversupply of new cars.

Will car prices decrease in 2024?

Cox Automotive’s Chief Economist Jonathan Smoke predicts that 2024 will be the most favorable year for consumers to purchase new cars since the pre-pandemic era. This improvement is anticipated due to increased new vehicle supply, reductions in transaction prices, more attractive deals from automakers, and a potential easing of interest rates. Wishing you a Happy New Year! 

Will Car Prices Decrease in 2023?

The positive update is that car prices have been falling since late 2022. In May 2022, the average selling price of a vehicle was approximately?

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