Cheap Cars in New York (NY)

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Sure, new cars look great and smell great, but they are not a good investment. They cost a lot and lose value quickly. You can actually buy a solid car or truck in New York for less than $5000. Here is a common rule: take how much you earn per annum and multiply by 0.10. No need to spend more than this on a cheap car.

For the average New York resident who makes $59,439 a year, this means $5,944. Some cars with high mileage are better than others. Consumer Reports is a terrific tool when it comes to which used cars would be best, and you can have a look at NADA Guides (NADA.com) to gauge New York used car prices.