Based on reviews of several car websites, as of 2015, some of the best budget-friendly old cars to buy include the Chevrolet Corvette, Ford Mustang, and Honda CR-V. These picks were highlighted due to their efficient engines and low resale value at the time of their respective launches.
The 1984-86 Chevrolet Corvette is a fourth-generation 'vette with a V8-powered front engine and modern interior. It was a much-awaited model in the 1980s, following the third-generation Corvette that had been in production for over a decade. Popular Mechanics estimates the value of a used C4 'vette with more than 100,000 miles at $3,000 to $4,000, as of February 2015, but recommends the '85 or '86 version due to improvements in the fuel injection system.
Buyers who prefer muscle and speed should consider the Ford Mustang 5.0, a powerful 225-horsepower car that reaches 60 mph in roughly 6.5 seconds. Popular Mechanics reports that the Ford Mustang 5.0 could go for less than $6,000.
Autoblog.com recommends the 2002 Honda CR-V, the company's second-generation compact SUV, which is equipped with an I-VTEC four-cylinder engine that promotes efficient fuel consumption. Autobytel.com pegs the price for a used 2002 Honda CR-V at around $3,000, on average.