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The True Cost of Car Ownership: Hidden Expenses Uncovered
Consider this shocking statistic: the average cost to own and operate a new car in 2024 was $12,297. Cars are expensive, and the financial burden doesn’t stop at the dealership. From high-interest rates to soaring insurance premiums and maintenance costs, owning a car involves many expenses that can drain your wallet.
Understanding the total cost of car ownership is crucial for budgeting and financial planning. In this guide, we’ll uncover the hidden costs of owning a car, helping you make informed decisions and avoid financial surprises.
Depreciation From Day One
This is often the largest hidden cost of car ownership. A new car can lose a significant portion of its value within the first few years of ownership, which impacts its resale value. Within the first year of ownership, many cars will lose up to 20% of their value. After that, they may lose about 15% more per year until they are roughly five years old. Depreciation slows each year after, but by this point, the car has already lost over 50% of its value.
This is a major reason why financing a new car for more than 60 months (5 years) is strongly discouraged.
👉 Use our FREE car depreciation calculator to run the numbers!
Insurance Premiums
Insurance premiums are a substantial ongoing expense, especially for younger drivers, those with less-than-perfect driving records, or owners of cars that are expensive to insure. Even credit scores impact auto insurance rates.
Car insurance rates soared 24% in 2023, pushed higher by rising repair costs, natural disasters, and more frequent car accidents. Rising repair costs are largely due to higher car prices that automakers have done their best to normalize since 2021.
How much should the average driver expect to spend on car insurance in 2025? The national average premium for a full-coverage policy now stands at $2,019 per year. That comes out to $168 per month on average. State-minimum liability insurance averages at $1,154 annually, but offers far less protection in the event of an accident.
Year after year, auto insurance rates continue to rise faster than wage growth. In other words, you’re not the only one noticing that insurance premiums are taking up more of your paycheck.
Maintenance and Repairs
Regular maintenance is necessary to keep a car running efficiently, but the costs can add up. Unexpected repairs can be particularly costly and are often unpredictable. In 2023, drivers averaged 9.83 cents per mile driven on maintenance, repairs and tire replacement, according to AAA. For the average American driving 15,000 miles per year, that adds up to $1,474 per year on car maintenance.
The cost of car maintenance is so important to the American economy that the Federal Reserve keeps tabs on prices. Their data shows that motor vehicle parts and equipment costs have skyrocketed since the end of the COVID-19 pandemic. Check out their graph below…
It’s important to understand that maintenance costs vary by make and model. It IS possible to avoid the costliest repairs by selecting a more reliable vehicle with less expensive parts and repair costs. Compare auto maintenance costs with our FREE tools.
Fuel, No Matter What Kind
The cost of fuel is a regular expense that can fluctuate wildly. For those who drive more or have less fuel-efficient vehicles, this cost can be significant. Consider the following: the average car in America gets 25 miles per gallon in 2025. At $3.50/gallon, the typical American driver traveling 15,000 miles per year will spend $2,100 each year on fuel. Hybrid vehicles that often get over 50 miles per gallon can cut this expense in half.
What about electric vehicle fuel costs? Charging at home is always cheapest, and is certainly cheaper than gas. However, public charging can get expensive. At typical American electricity rates, it costs between $10 and $20 to charge an EV battery from empty to 100% full at home.
Public fast chargers vary more in price compared to gas prices. A good deal for EV charging is generally under $0.45 per kilowatt-hour of electricity. Sadly, some EV charging stations charge upwards of $0.65 per kWh. Imagine if gas prices ranged from $3.00/gallon to $5.00/gallon in the same city. Crazy, right? See how much EV charging costs in your area with PlugShare.
Considering that the average EV battery has a 75 kWh capacity, public charging can get just as expensive as gasoline, if not more costly per mile driven. The good news is that most EV drivers do the vast majority of their charging at home, and save hundreds of dollars in fuel costs annually versus a gas car.
Financing: Higher Car Prices Mean Higher Interest Payments
Interest on auto loans adds to the total cost of owning a car. Longer loan terms, higher car prices, and today’s high interest rates all make auto loan interest payments soar. In 2025, the average interest rate for a new car loan is 9% APR, while used car loans average 13% APR. Financing a new car over a typical 60-month term can result in paying thousands of dollars in interest, unless you take advantage of new car financing offers.
If you extend the loan term to 72 or even 84 months, the interest costs can skyrocket, making the car significantly more expensive in the long run. This is why it’s crucial to shop around for the best financing rates and consider shorter loan terms if possible. Better yet, take advantage of the low-APR offers available today.
This free auto loan payment calculator calculates the total interest paid over the life of a car loan. Play around with the interest rate to see how big of a difference APRs can make for your payment and total cost of ownership!
State and Local Taxes
Sales tax, registration fees, and annual renewal fees can add up, especially when they are not anticipated in the budgeting process. Each state has its own set of taxes and fees, which can vary widely. For example, some states have annual property taxes that apply to vehicles, adding another layer of cost to car ownership. Additionally, many states charge an extra annual registration fee for electric vehicles and hybrids to compensate for lost gas tax revenue. This fee can range from $50 to over $200 per year, depending on the state.
Understanding these costs ahead of time can help you budget more accurately and avoid surprises. Be sure to check your state’s specific vehicle tax and fee structure before purchasing a car.
The Total Cost of Car Ownership Is Rising
Owning a car comes with many hidden expenses that can add up quickly. From steep depreciation and insurance premiums to maintenance, fuel, financing, and taxes, these expenses can significantly impact your budget. In 2025, higher insurance premiums and climbing maintenance costs are adding to the total cost of car ownership. Budgeting for these expenses matters now more than ever before.
By understanding these hidden costs, you can make more informed decisions and better prepare for the true cost of car ownership. Remember, doing your due diligence and researching all potential expenses will save you from unexpected financial strain down the road.
👉 Tired of car shopping hassles? Let us handle it for you with our CarEdge Concierge service. Our experts will find the perfect vehicle, negotiate the best price, and take care of all the details, saving you time and money. Learn more about CarEdge Concierge, the #1 car buying service in America.
Do You REALLY Need an Extended Warranty For Your Car? Warranty Coverage Explained
Buying a car is a process that’s full of decisions, many of which can drastically alter your out-the-door price. Deciding whether to purchase add-ons simply adds to the stress of it all. Most car buyers are offered an “extended warranty,” but it’s a term that is too often used in a misleading way. What are extended car warranties, and when do you need one? Let’s dive into what extended warranty coverage entails, whether you need one, and how to choose the best option for your vehicle without breaking the bank.
What Is an Extended Warranty?
An extended warranty is a service contract that covers certain repairs or services after the original manufacturer’s warranty expires. However, the term is frequently used incorrectly to refer to vehicle service contracts (VSCs) sold by third parties.
A true extended warranty can only be provided by the vehicle’s manufacturer or dealer. Vehicle service contracts, on the other hand, are often sold by third-party companies and cover repairs in addition to the original warranty.
Both extended warranties and vehicle service contracts protect you from unforeseen repair expenses; the key difference is who sells you the plan – the car’s manufacturer or a third party.
Do I Need an Extended Car Warranty if I’m Buying a New or Used Car?
Whether you need an extended warranty depends on your personal risk tolerance and the reliability of the vehicle you are purchasing. Here are some factors to consider:
- New Cars: New vehicles come with a manufacturer’s warranty that typically lasts for 3 to 5 years, with mileage limitations as well. Here’s an example from Toyota. It’s important to check the warranty term for the vehicle you’re considering buying. If you plan to keep the car beyond this period and want extra peace of mind, an extended warranty or VSC might be a good option.
- Used Cars: For used cars, especially those without any remaining manufacturer’s warranty, an extended warranty can provide valuable protection against unexpected repair costs. However, it’s important to consider the vehicle’s reliability and your willingness to pay for potential repairs out of pocket. For used cars, you can often get a much lower rate for a vehicle service contract from a third party. Get your quote in seconds with CarEdge.
What Coverage Should an Extended Warranty provide?
When evaluating an extended car warranty, consider the following coverage details. The same rings true for vehicle service contracts:
- Duration and Mileage: Ensure the warranty covers an adequate period and mileage that suits your needs and driving habits.
- Covered Components: Look for comprehensive coverage that includes major systems like the engine, transmission, electrical systems, and more. See an example of extended warranty coverage here.
- Exclusions: Understand what is not covered, such as wear-and-tear items and regular maintenance.
- Deductibles: Check the deductible amount and whether it applies per visit or per repair. A high deductible may change your mind about the value of the coverage.
- Additional Benefits: Some warranties include extras like roadside assistance and rental car reimbursement.
👉 It’s always a good idea to view a sample contract before signing on the dotted line.
Should I Buy an Extended Warranty at the Car Dealership, or Somewhere Else?
While car dealerships often offer extended warranties, they typically come with significant markups. Here are your options:
- Dealership: Convenient but usually more expensive. Be sure to ask if the warranty is from the manufacturer or a third party, and get a warranty quote from CarEdge to compare rates and terms, no matter what!
- Manufacturer: You can often buy an extended car warranty directly from the manufacturer, sometimes even after the original purchase. But is it a better deal? Compare terms, coverage, and exclusions, along with the price.
- Third-Party providers: Many third-party companies sell vehicle service contracts. While these can be cheaper, it’s crucial to research the provider’s reputation and read the contract carefully to understand what is covered and what is not. These extended warranty and VSC providers are A+ rated from the BBB.
The Takeaway: Consider Coverage Details and Risk tolerance
Understanding what an extended warranty is and whether you need one can help you make an informed decision when purchasing a vehicle. Remember to consider your risk tolerance, the reliability of the car, and the coverage details of the warranty (or vehicle service contract). By doing your due diligence, you can find the best option that provides peace of mind.
👉 CarEdge’s extended warranties are backed a AUL, an award-winning plan administrator. Get your no-hassle quote today!
Tired of car shopping hassles? Let us handle it for you with our CarEdge Concierge service. Our experts will find the perfect vehicle, negotiate the best price, and take care of all the details, saving you time and money. Learn more about CarEdge Concierge, the #1 car buying service in America.
Questions Every Car Dealer Should Be Prepared to Answer
Buying a car is a big deal, and it’s normal to have a lot of questions. Whether you’re a first-time buyer or have been through the process before, knowing what to ask can make everything a lot smoother. Here are some common questions every car dealer should be prepared to answer, so you can feel confident and informed about your purchase. Remember, knowing the right questions to ask when buying a car can make all the difference. Knowledge is power when it comes to buying a car in 2025!
What is the Out-the-Door Price of the car?
Why it’s important: One of the most important questions to ask when buying a car is about the total price, commonly referred to as the ‘Out-the-Door Price’. Knowing the OTD price, including taxes, fees, and any add-ons, helps you understand the full financial commitment. A reputable dealer should provide a clear breakdown of these costs. Try our free Out-the-Door Price Calculator to get a feel for the numbers to expect.
How Long Has It Been On the Lot?
Why it’s important: First of all, knowing how long a specific VIN has been waiting for a buyer gives you an instant snapshot of the negotiability. The longer a car sits, the more car dealers are willing to cut you a deal. Dealerships finance their inventory, and these ‘floorplanning costs’ add up quickly in today’s high-interest environment.
👉 Unlock days on the lot, market supply data, and local price trends with CarEdge Pro, now including invoice prices!
What manufacturer or dealer incentives are available?
See the best new car incentives this month!
Why it’s important: Understanding the available APR offers, cash discounts and rebates, or lease specials can help you make an informed decision. Sometimes, the salesperson may not mention all offers unless you inquire. Asking about what incentives are available and when they expire is one of the essential questions to ask when buying a car.
Can I take the car for a test drive?
Why it’s important: A test drive allows you to experience the car’s performance, comfort, and features firsthand. A reputable dealer will always allow a test drive, giving you the chance to ensure the car meets your expectations. No test drive? No deal!
What are the terms of the warranty?
Why it’s important: Understanding the terms of the warranty is essential for knowing what is covered and for how long. Asking detailed questions about the warranty coverage, including any exclusions and the duration of the coverage, can help you make an informed decision.
It’s important to ask 1) who the extended warranty is managed by (for example Fair, AUL, Endurance, or one of the other companies), 2) the duration of the coverage (mileage and time period), 3) covered components (the details matter, feel free to ask for the contract), 4) the deductible amount if you file a claim, and 5) if roadside assistance is included.
Before you agree to any coverage, compare your offer to CarEdge’s Extended Warranty, backed by Fair’s trusted coverage.
Can I see the vehicle history report? (Used Cars)
Why it’s important: For used cars, a vehicle history report includes information about accidents, repairs, and previous ownership. This report is crucial for assessing the car’s condition and history, making it one of the key questions to ask when buying a used car.
If you’re shopping at a dealership, never pay for this report. It should be offered free of charge. If it’s not available, that’s a red flag! We’d advise you to look elsewhere, no matter how ‘perfect’ the car seemed.
Can I have the car inspected by an independent mechanic? (Used Cars)
Why it’s important: Having the car inspected by an independent mechanic is especially important for used cars. The industry term for this is a Pre-Purchase Inspection (learn more about PPIs here). This inspection can reveal any potential issues that may not be apparent during a test drive.
If the dealer shows any hesitation about letting you get the car inspected by an independent mechanic (ie one that’s NOT working at the dealership), there may be something they’re hiding. What good is a used car if you end up needing thousands of dollars in maintenance when you drive it home?
Skip the Dealership – There’s a Better Way to Buy
Navigating the car buying process can be overwhelming, but equipping yourself with these questions to ask when buying a car can help you feel more confident and informed. Understanding the OTD price, days on the lot, incentives, and other crucial details ensures you make a smart buying decision
Tired of car shopping hassles? Let us handle it for you with our CarEdge Concierge service. Our experts will find the perfect vehicle, negotiate the best price, and take care of all the details, saving you time and money. Learn more about CarEdge Concierge, the #1 car buying service in America.
NEW in 2025: Welcome to the future of car buying. Let CarEdge’s AI Negotiator do the talking, and watch the out-the-door price fall in real time! Here’s how it works.
The Best Cars For Teen Drivers: Safe, Efficient, and Affordable
When choosing the best cars for teen drivers, it’s crucial to find a balance of safety, reliability, and affordability. Here, we highlight the top used cars for teenagers, focusing on models that are 3-5 years old and excel in these areas. These cars are reliable, safe, and perfect for learning to drive. Let’s explore the top picks, including fuel-efficient hybrids, all-wheel drive crossovers, and the best EV for teen drivers, along with their 2024 prices.
Toyota Prius
CR Reliability Rating: 77/100
Average Selling Price: $21,554
Why it’s great: 52 miles per gallon, 5-star crash test ratings, and excellent reliability scores from Consumer Reports… What more could you want from a first car? The Toyota Prius is a fantastic option for teen drivers, offering a budget-minded option that is sure to discourage the need for speed. The world-renowned Prius hybrid also comes equipped with a suite of safety features, like emergency braking with pedestrian detection and lane-keep assist. From 2019 onward, the Prius has even been available with all-wheel drive.
See local Toyota Prius listings with the power of market data
Honda Civic
CR Reliability Rating: 71/100
Average Selling Price: $19,604
Why it’s great: The Honda Civic has long been a favorite among drivers for its blend of reliability, efficiency, and sporty handling. It provides a confident driving experience powered by a turbo engine, while maintaining excellent fuel economy. The Civic is a great choice if your teen driver will be merging onto a freeway often. The Civic’s robust safety features and great crash test ratings make it a great choice for a teen driver.
See local Honda Civic listings with the power of market data
Toyota Camry
CR Reliability Rating: 87/100
Average Selling Price: $21,303
Why it’s great: It’s a legendary commuter car, but the Toyota Camry is also perfect for getting comfortable behind the wheel. With a Consumer Reports reliability rating of 87/100 for the 2021 Camry, it’s one of the most dependable used cars out there. Safety features like lane-departure warning, lane-keep assist, forward-collision warning and automated emergency braking come standard with the Camry. With a great reputation, resale values are strong should your teen driver need to upgrade years down the road. The Camry’s spacious interior, smooth ride, and famous reliability make it a great vehicle for new drivers.
See local Toyota Camry listings with the power of market data
Subaru Forester
CR Reliability Rating: 80/100
Average Selling Price: $21,917
Why it’s great: If you prefer a SUV-like driving experience for your teen without sacrificing safety, a used Subaru Forester is a top choice. The Forester comes with standard all-wheel drive, safety features like automatic emergency braking, and excellent visibility of the road. Its high reliability ratings, attainable price, and strong resale value all strengthen the Forester’s reputation as a top pick for teen drivers.
See local Subaru Forester listings with the power of market data
Lexus UX
CR Reliability Rating: 87/100
Average Selling Price: $28,040
Why it’s great: For those looking for a touch of luxury, the Lexus UX offers a premium driving experience with the reliability that Lexus is known for. As the smallest model offered by the Toyota-owned luxury brand, it’s easier to command on the road than some of the larger offerings. The UX comes packed with advanced safety features like blind-spot monitoring and automatic emergency braking. As you’d expect from Lexus, the UX features a comfortable, high-quality interior with modern tech. While it’s on the pricier side, its blend of luxury and safety makes it a compelling choice for a teen driver.
See local Lexus UX listings with the power of market data
The Best EV For Teen Drivers: Volkswagen ID.4
CR Reliability Rating: 78/100
Average Selling Price: $27,522
Why it’s great: EVs can be great for new drivers, but some are far better than others. Most parents and driving instructors would agree that it’s not smart to hand an EV with sports car capabilities to a teen driver, but not all electric vehicles are quite so fast. The Volkswagen ID.4 (2022 and onward) is a well-reviewed electric crossover with great range, good charging speeds, and 5-star safety ratings. The ID.4 even wins Top Safety Pick Plus honors from the IIHS.
What makes the ID.4 a better EV for teen drivers that say a Tesla? Simply put, the ID.4 drives more like a traditional car. It lacks the Corvette-like acceleration that you’ll find in a Model 3 or something similar, but will still merge onto a highway with ease. Think of the VW ID.4 as a safe, spacious and affordable no-frills EV for teen drivers.
See local Volkswagen ID.4 listings with the power of market data
Conclusion
Choosing a car for your teen driver involves balancing safety, reliability, and affordability. These crossovers and sedans are all excellent choices that meet these criteria. Whether you’re on the hunt for a simple crossover, a bit of luxury, or a good starter EV, these cars provide the most value for new drivers, especially teenagers.
Tired of car shopping hassles? Let us do it for you with our CarEdge Concierge service. Our experts can find the perfect vehicle for your needs, negotiate the best price, and handle all the details, saving you time and money. Learn more about CarEdge Concierge, the #1 car buying service in America.
10 Cars With the Best Resale Value Under $50,000
While all new cars depreciate, choosing a model with a high resale value can significantly reduce your financial loss over time. Smart car buyers can minimize depreciation by selecting a vehicle with a high residual value, AKA resale value, should you ever decide to sell. Here are the top ten pickup trucks, SUVs, and luxury cars under $50,000 with the best resale value after five years. Don’t forget to check out the best resale values for new cars under $40,000.
1. Ford F-150
Starting MSRP: $38,960 for the base model (including destination fees)
Average Selling Price in 2024: $59,864
5-Year Residual: 86.8%
Why it’s great: The 2024 Ford F-150 has been the best-selling pickup truck for most of the past few decades, and with good reason. Known for great towing capacity and too many trim configurations to count, there’s an F-150 for practically every budget. Its blend of capabilities and great resale value makes it a top contender in the full-size pickup market. Despite a starting price of just under $40,000, the vast majority of F-150s are more expensive, and for that reason we’ve featured it on this list.
See Ford F-150 listings with the power of local market data
2. Toyota 4Runner
Starting MSRP: $41,600 (including destination fees)
Average Selling Price in 2024: $50,963
5-Year Residual: 85.0%
Why it’s great: The 2024 Toyota 4Runner is a durable, old-school SUV with a truck-style frame, ideal for rugged off-road adventures. Plus, it’s known for reliability that will last decades. It may not excel in fuel economy or modern tech, but its reliability and off-road capabilities appeal to a broad fanbase. In 2025, the 4Runner will receive the first big redesign in many years.
See Toyota 4Runner listings with the power of local market data
3. GMC Sierra 1500
Starting MSRP: $38,345 (including destination fees)
Average Selling Price in 2024: $61,278
5-Year Residual: 84.8%
Why it’s great: The 2024 GMC Sierra 1500 offers a blend of style and strength, sharing much of its mechanical prowess with the Chevy Silverado. Available in single cab, double cab, and crew cab configurations, it caters to various needs with bed lengths ranging from 5.8 to 8.2 feet. The Sierra’s diverse engine lineup and customizable body styles make it a flexible choice for both work and play. To top it of, it’s a truck with great resale value.
See GMC Sierra listings with the power of local market data
4. Lexus IS
Starting MSRP: $41,235 (including destination fees)
Average Selling Price in 2024: $51,507
5-Year Residual: 80.1%
Why it’s great: The Lexus IS stands out as a sporty compact sedan with luxury features. The IS offers a balanced blend of excitement and functionality. The entry-level IS300 is merely okay, but the IS350’s V-6 offers a better driving experience. Lexus is well-known for excellent reliability, and the IS joins the ranks of the luxury cars with the best resale value in 2024. On the downside, Lexus models are so popular that they can be tough to negotiate. Fear not, the CarEdge Concierge team can help with that.
See Lexus IS listings with the power of local market data
5. Chevrolet Silverado 1500
Starting MSRP: $37,445 (including destination fees)
Average Selling Price in 2024: $56,343
5-Year Residual: 80.0%
Why it’s great: The Chevrolet Silverado 1500 is a true workhorse. It boasts a variety of powertrain options, catering to diverse buyers. Known for its impressive towing capacity, the Silverado outperforms both the Ram 1500 and GMC Sierra 1500. The cabin features a massive touchscreen for modern convenience, though it prioritizes functionality over luxury. However, this truck isn’t cheap. You might as well ignore the official starting MSRP, as over 90% of Silverado 1500s sell for over $45,000. Fortunately, you can expect it to hold its value quite well over the years.
See Chevrolet Silverado listings with the power of local market data
6. Jeep Wrangler
Starting MSRP: $33,890 (including destination fees)
Average Selling Price in 2024: $59,929
5-Year Residual: 78.9%
Why it’s great: The 2024 Jeep Wrangler remains the quintessential off-road SUV, designed for adventure-loving drivers who crave rugged terrain. Its removable doors and roof, along with a fold-down windshield, allow for an open-air experience unmatched by any other SUV. The Wrangler isn’t cheap these days, with transaction prices more commonly north of $50,000. Fortunately, resale values are among the best in its class.
See Jeep Wrangler listings with the power of local market data
7. Honda Ridgeline
Starting MSRP: $41,145 (including destination fees)
Average Selling Price in 2024: $44,850
5-Year Residual: 78.7%
Why it’s great: The Honda Ridgeline is the slowest-selling full-size truck on sale in 2024. Despite sluggish sales, the Ridgeline has a good resale value. If you’re looking for the best truck deals this month, the Ridgeline is commonly near the top of the list.
See Honda Ridgeline listings with the power of local market data
8. Ford Explorer
Starting MSRP: $38,455 (including destination fees)
Average Selling Price in 2024: $49,924
5-Year Residual: 77.3%
Why it’s great: The 2024 Ford Explorer continues to be a leading choice in the midsize SUV market, offering a balanced blend of performance, comfort, and versatility. It comes with a range of engine options, including a turbocharged four-cylinder, a robust V-6, and a hybrid variant. The Explorer’s spacious three-row seating and ample cargo space make it ideal for families and road trips. Even with growing competition from Hyundai, Kia, and others, the Explorer remains an attractive option for those seeking a family SUV with strong resale value.
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9. BMW 2-Series
Starting MSRP: $40,375 (including destination fees)
Average Selling Price in 2024: $49,709
5-Year Residual: 77.0%
Why it’s great: The 2024 BMW 2-Series offers a blend of performance and luxury in a compact package. Available as both a coupe and a convertible, the 2-Series boasts powerful engine options, including a turbocharged four-cylinder and an inline-six. Its sporty design, coupled with advanced safety features and a user-friendly infotainment system, makes the BMW 2-Series a compelling option for those seeking a luxury car with strong resale value.
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10. Audi A5
Starting MSRP: $47,295 (including destination fees)
Average Selling Price in 2024: $
5-Year Residual: 76.1%
Why it’s great: The 2024 Audi A5 Sportback blends coupe-like styling with the practicality of a four-door, powered by Quattro all-wheel drive. The A5 Sportback offers up to 261 horsepower. Inside, luxury is the name of the game with leather seating, a panoramic sunroof, and ambient lighting. Its balanced performance, stylish design, and high-end features contribute to its high resale value.
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There’s a Better Way to Buy
Finding a car that holds its value well is a smart financial decision. The Ford F-150, Toyota 4Runner, Lexus IS, and other models listed here offer robust features, great driving experiences, and notably, high resale values. Looking for more DIY car buying tools? Check out CarEdge Pro for behind-the-scenes access!
Tired of car shopping hassles? Let us do it for you with our CarEdge Concierge service. Our experts can find the perfect vehicle for your needs, negotiate the best price, and handle all the details, saving you time and money. Learn more about CarEdge Concierge, the #1 car buying service in America.
10 Cars With the Best Resale Value Under $40,000
New cars are depreciating assets, no matter how you look at it. However, smart car buyers can minimize depreciation by selecting a vehicle with a high residual value, AKA resale value, should you ever decide to sell. Here are the top ten cars under $40,000 with the best resale value after five years. Don’t forget to check out the best resale values for new cars under $30,000.
1. Nissan Frontier
Starting MSRP: $32,020 (including destination fees)
Average Selling Price in 2024: $40,871
5-Year Residual: 88.6%
Why it’s great: The Nissan Frontier stands out in the midsize truck segment with 310-horsepower, responsive driving, build flexibility, and unmatched resale value. The Frontier comes standard with a 5.0-foot bed, and for those needing more cargo space, there’s an optional 6.0-foot bed—something the competition doesn’t offer. Although it doesn’t tow as much as the Toyota Tacoma, the Frontier compensates with a lower cost and the best resale value among midsize trucks.
See Nissan Frontier listings with the power of local market data
2. Toyota Tacoma
Starting MSRP: $32,995 (including destination fees)
Average Selling Price in 2024: $46,407
5-Year Residual: 88.0%
Why it’s great: The Toyota Tacoma is praised by nearly everyone who drives it for its exceptional durability and practicality. In 2024, the Tacoma remains a standout in the midsize truck market, offering an updated exterior and a greatly modernized interior. The new design enhances both its rugged appeal and comfort, which can be tough to balance. One of the most significant updates for 2024 is the availability of a hybrid powertrain, providing better fuel efficiency without sacrificing performance. Compared to larger truck competitors, the Tacoma is more likely to be found closer to the $40,000 price point. The Tacoma is one of the trucks that has the best resale value, year after year.
See Toyota Tacoma listings with the power of local market data
3. Honda Pilot
Starting MSRP: $38,485 (including destination fees)
Average Selling Price in 2024: $49,221
5-Year Residual: 86.0%
Why it’s great: The 2024 Honda Pilot is a top choice for families, thanks to its spacious three-row cabin. In a market crowded with mid-size SUVs, the Pilot distinguishes itself with practicality and versatility. Under the hood, the Pilot features a robust 285-horsepower V-6 engine paired with a smooth 10-speed automatic transmission. While front-wheel drive is standard, all-wheel drive is available for those who need it. For adventurous families, the Pilot offers the TrailSport model, which includes higher ground clearance, all-terrain tires, and even skid plates. With a 5-year residual value of 86.0%, the Honda Pilot has one of the best resale values of any SUV today.
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4. Mazda MX-5 Miata
Starting MSRP: $30,170 (including destination fees)
Average Selling Price in 2024: $34,745
5-Year Residual: 85.8%
Why it’s great: The Mazda MX-5 Miata is cherished as the most affordable true sports car, delivering an exhilarating driving experience without a hefty price tag. Under the hood, it boasts a 181-horsepower 2.0-liter four-cylinder engine, providing ample power to make every drive a thrill. Known for its lightweight construction and superb handling, the Miata offers a responsive and engaging ride that appeals to enthusiasts on a budget. With such a high resale value, the Mazda Miata is a good choice for sports car lovers who prefer to upgrade to the latest and greatest.
See Mazda MX-5 Miata listings with the power of local market data
5. GMC Canyon
Starting MSRP: $37,595 (including destination fees)
Average Selling Price in 2024: $48,760
5-Year Residual: 85.3%
Why it’s great: The GMC Canyon combines power and capability in a mid-size package. Under the hood, the Canyon features a robust 310-horsepower turbocharged four-cylinder engine paired with an eight-speed automatic transmission, which lends to a segment-leading towing capacity of 7,700 pounds. Its excellent resale value further enhances its appeal.
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6. Chevrolet Colorado
Starting MSRP: $31,095 (including destination fees)
Average Selling Price in 2024: $42,112
5-Year Residual: 84.0%
Why it’s great: Chevrolet’s companion to the Canyon, the mid-sized Colorado, is a well-equipped truck with a great resale value. Powered by a turbocharged 2.7-liter engine, the Colorado is suitably powered for most tasks. The Colorado features a four-door cab with a five-foot bed and can be equipped with either rear- or four-wheel drive. With a maximum towing capacity of up to 7,700 pounds, the Colorado is one of the most capable trucks in its class.
See Chevrolet Colorado listings with the power of local market data
7. Honda Odyssey
Starting MSRP: $39,635 (including destination fees)
Average Selling Price in 2024: $45,395
5-Year Residual: 83.6%
Why it’s great: The eight-seater Odyssey showcases Honda’s commitment to family haulers with a quick V-6 engine, a refined ride, solid handling, and more room than 99% of families even need. The Odyssey’s innovative Magic Slide seat system allows for versatile second-row seat configurations. The third-row seats can be stowed into the floor to expand cargo capacity. While it may not have as many high-tech features as rivals, it beats them outright as the van with the best resale value in 2024.
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8. Subaru Outback
Starting MSRP: $30,240 (including destination fees)
Average Selling Price in 2024: $39,573
5-Year Residual: 83.2%
Why it’s great: The Subaru Outback combines the best of both worlds with its SUV-like styling and car-like ride, making it a versatile choice for a variety of driving needs. Every Outback comes with all-wheel drive, ensuring excellent traction and stability in various driving conditions. While the cabin provides decent comfort and functionality, it stops short of luxury, focusing instead on practicality and durability. The Subaru Outback’s combination of versatility and reliability makes it a standout choice for those seeking an all-weather car with excellent retail value.
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9. Honda CR-V
Starting MSRP: $30,850 (including destination fees)
Average Selling Price in 2024: $37,286
5-Year Residual: 83.0%
Why it’s great: The Honda CR-V is a perennial favorite in the compact SUV segment, known for its reliability and affordable pricing. The CR-V’s spacious interior and cargo capacity make it an ideal choice for families looking for a no-frills crossover. On the downside, the CR-V is so popular that it can be tough to negotiate. Fear not, the CarEdge Concierge team can help with that.
See Honda CR-V listings with the power of local market data
10. Mazda CX-5
Starting MSRP: $30,720 (including destination fees)
Average Selling Price in 2024: $34,141
5-Year Residual: 82.7%
Why it’s great: Although newer competitors have emerged, the CX-5 continues to impress with its superb handling and refined interior. Under the hood, the CX-5 features a 187-horsepower with standard all-wheel drive. For those seeking more power, the optional 256-horsepower turbocharged 2.5-liter engine is the way to go. While the CX-5 sacrifices some cargo space for its stylish design, the cabin exudes luxury and comfort, making it a pleasure to drive and ride in. Despite its age (7 years on the market), the CX-5 continues to impress and attract more fans. With a 5-year residual value of 82.7%, you can stress less should you need to upgrade from this workhorse in the future.
See Mazda CX-5 listings with the power of local market data
There’s a Better Way to Buy
Finding a car that holds its value well is a smart financial decision. The Nissan Frontier, Toyota Tacoma, Honda Pilot, and other models listed here offer robust features, great driving experiences, and notably, the best resale values. Looking for more DIY car buying tools? Check out CarEdge Pro for behind-the-scenes access!
Tired of car shopping hassles? Let us do it for you with our CarEdge Concierge service. Our experts can find the perfect vehicle for your needs, negotiate the best price, and handle all the details, saving you time and money. Learn more about CarEdge Concierge, the #1 car buying service in America.
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10 Cars With the Best Resale Value [Under $30,000]
Choosing a car with a high resale value can save you money in the long run, especially if you tend to upgrade every few years. By selecting a vehicle with a high residual value, you can count on getting more money back when you decide to sell. Here are the top ten cars under $30,000 with the best resale value after five years, ensuring you get the most bang for your buck.
👉 Open to a bigger budget? Check out the cars and trucks with the best resale values for under $40,000.
1. Honda Accord
Starting MSRP: $28,990 (including destination fees)
Average Selling Price in 2024: $33,022, try CarEdge Pro for local price data
5-Year Residual: 88.0%
Why it’s great: The Honda Accord boasts a recently updated exterior, giving a more elegant look to this proven winner. Plus, the Accord comes with a very efficient hybrid powertrain on most models. Today’s Accord is much roomier than those of decades past, offering a spacious backseat for kids and adults alike. To top it off, the Accord offers better handling than its main competitor, the Toyota Camry. The latest data shows the Honda Accord retaining 88% of its value after five years, crowning this sedan as the car that holds value the best.
See Honda Accord listings with the power of local market data
2. Subaru Forester
Starting MSRP: $28,440 (including destination fees)
Average Selling Price in 2024: $35,232, try CarEdge Pro for local price data
5-Year Residual: 87.1%
Why it’s great: Snowstorms and downpours are no match for this popular SUV. The Subaru Forester comes standard with all-wheel drive and impressive driver assistance features at a low price point. For 2025, the Forester will undergo significant changes and a $4,000 price bump, making the 2024 model a great deal. Should you ever decide to sell your Forester, expect to be rewarded with a high resale value.
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3. Volkswagen Tiguan
Starting MSRP: $30,305 (including destination fees)
Average Selling Price in 2024: $34,938, try CarEdge Pro for local price data
5-Year Residual: 87.0%
Why it’s great: The Volkswagen Tiguan is fun to drive, offers plenty of room in the first and second rows, and has an optional third row. It competes with the Mitsubishi Outlander, offering better overall performance and fuel economy.
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4. Mazda 3
Starting MSRP: $25,355 (including destination fees)
Average Selling Price in 2024: $29,689, try CarEdge Pro for local price data
5-Year Residual: 86.1%
Why it’s great: The Mazda 3 stands out in the compact car segment for several reasons. It features an upscale interior with high-quality materials and a design that almost feels premium. Whether you choose the sedan or the hatchback, the Mazda 3 offers a fun-to-drive experience with its responsive handling and peppy engine options.
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5. Honda Civic
Starting MSRP: $25,045 (including destination fees)
Average Selling Price in 2024: $27,568, try CarEdge Pro for local price data
5-Year Residual: 86.0%
Why it’s great: Simply the best small car on sale today. However, the Civic does face stiff competition from another car on this list, the Mazda3. The Civic’s infotainment has improved in recent model years, adding to the overall value of this legendary sedan.The Honda Civic is renowned for its reliability, spacious cabin, and excellent fuel efficiency, making it an outstanding choice for first-time buyers and budget-conscious drivers alike.
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6. Toyota Prius
Starting MSRP: $29,045 (including destination fees)
Average Selling Price in 2024: $35,468, try CarEdge Pro for local price data
5-Year Residual: 85.0%
Why it’s great: The Toyota Prius has undergone a remarkable transformation with its latest redesign, offering a sleek and modern look that sets it apart from older generations. Gone is the ‘nerdy’ Prius of the 2000s. Known for its exceptional fuel economy, the Prius now achieves an impressive 56 miles per gallon combined, making it one of the most efficient vehicles on the market. The availability of an all-wheel drive option enhances its versatility.
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7. Subaru Legacy
Starting MSRP: $26,015 (including destination fees)
Average Selling Price in 2024: $32,645, try CarEdge Pro for local price data
5-Year Residual: 84.7%
Why it’s great: The Subaru Legacy stands out as the best all-wheel drive sedan under $30,000. It provides a simple, no-frills interior that focuses on functionality and comfort, making it an excellent choice for drivers who prefer straightforward design over flashy features. Subaru’s reputation for durability and value retention make the Legacy a top contender for those seeking a dependable, all-wheel drive sedan that holds its value well over time.
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8. Volkswagen Jetta
Starting MSRP: $22,660 (including destination fees)
Average Selling Price in 2024: $26,694, try CarEdge Pro for local price data
5-Year Residual: 85.0%
Why it’s great: The Volkswagen Jetta is a standout in the compact sedan segment, offering a combination of affordability, efficiency, and comfort. Known for its spacious interior, the Jetta provides ample legroom and headroom for both front and rear passengers. These features, combined with its low price tag and strong resale value, make the Volkswagen Jetta an excellent choice for those looking for a reliable and affordablec car with the best resale value.
See Volkswagen Jetta listings with the power of local market data
9. Subaru Crosstrek
Starting MSRP: $26,540 (including destination fees)
Average Selling Price in 2024: $32,047, try CarEdge Pro for local price data
5-Year Residual: 84.0%
Why it’s great: The Subaru Crosstrek offers standard all-wheel drive at an affordable price, excellent fuel efficiency considering its all-terrain capability, A comfortable and confident drive appeals to many, making this one of Subaru’s best-sellers less than a decade after its launch. A recent update includes more comfortable seats and additional sound-deadening materials, resulting in a quieter and more enjoyable ride. Inside, the Crosstrek features a spacious cabin with modern technology, including a user-friendly infotainment system with Apple CarPlay and Android Auto.
See Subaru Crosstrek listings with the power of local market data
10. Toyota Camry
Starting MSRP: $27,515 (including destination fees)
Average Selling Price in 2024: $32,249, try CarEdge Pro for local price data
5-Year Residual Value: 83.0%
Why it’s great: The Toyota Camry has been the best-selling sedan in the U.S. for over 20 years, and for good reason. The Camry’s performance is bolstered by the availability of a six-cylinder powertrain, providing more power while still maintaining good fuel efficiency. For 2025, the Camry will be redesigned as a hybrid-only sedan, promising over 50 miles per gallon across all trims, which further enhances its appeal. The new design will likely continue the Camry’s legacy of reliability and as a car with great resale value.
See Toyota Camry listings with the power of local market data
There’s a Better Way to Buy
Choosing a car with the best resale value is always a smart financial decision. The Honda Accord, Subaru Forester, Toyota Camry, and other models listed here offer robust features, a great driving experience, and notably, high resale values. By choosing one of these vehicles, you can expect a bigger paycheck when it’s time to sell.
Tired of car shopping hassles? Let us do it for you with our CarEdge Concierge service. Our experts can find the perfect vehicle for your needs, negotiate the best price, and handle all the details, saving you time and money. Learn more about CarEdge Concierge, the #1 car buying service in America.
The 5 Best Cars and Trucks for First-Time Buyers
Choosing the right car as a first-time buyer can feel like a daunting task, but with knowledge and empowerment, it doesn’t have to be. What should first-time buyers and new drivers look for in a vehicle? Reliability, affordability, and fuel economy are key factors to consider. In 2024, several models stand out for their exceptional value for new drivers. Here are the top five cars for first-time buyers, with insights to help guide your decision.
1. Honda Civic
Why First-Time Buyers Love It: The Honda Civic has evolved over the years, offering more space while maintaining its compact and reliable nature. Renowned for its excellent fuel economy and attainable price point, the Civic is a popular choice among first-time buyers.
Starting Price: $25,045 (increasing to $25,345 for 2025)
Fuel Economy: 33 – 36 miles per gallon combined city/highway
Crash Test Safety Rating: 5-Star NHTSA Rating
Current Market Conditions: The average selling price of a new Honda Civic is $27,568 in 2024. There’s a 34-day supply of new Civics, which is below normal. Work with a car-buying Concierge to avoid dealer markups!
See local Honda Civic listings with the power of market data
2. Toyota Corolla
Why First-Time Buyers Love It: The Toyota Corolla is synonymous with affordability and reliability. Known for its proven track record, the Corolla offers peace of mind to first-time buyers looking for a durable and economical car. It’s safe, fuel efficient, and low-maintenance. What more could you want? Perhaps more room? Toyota has brought the Corolla Cross to market for that very reason.
Starting Price: $23,145
Fuel Economy: 35 miles per gallon combined city/highway (50 MPG for the Corolla Hybrid)
Crash Test Safety Rating: 5-Star NHTSA Rating
Current Market Conditions: The average selling price of a new Toyota Corolla is $25,484 in 2024. There’s a 35-day supply of new Corollas, which is below normal. Work with a car-buying Concierge to avoid dealer markups!
See local Toyota Corolla listings with the power of market data
3. Toyota RAV4
Why First-Time Buyers Love It: If you need something slightly larger than a sedan with a higher stance on the road, the Toyota RAV4 is an excellent option. This crossover combines size with ease of driving, making it perfect for first-timers. With a 5-star safety rating and a large market presence, getting a fair price in 2024 is quite doable. The Honda CR-V is also a great option for all the same reasons.
Starting Price: $30,025
Fuel Economy: 30 miles per gallon combined city/highway (39 MPG for the RAV4 Hybrid)
Crash Test Safety Rating: 5-Star NHTSA Rating
Current Market Conditions: The average selling price of a new Toyota RAV4 is $37,721 in 2024. There’s a 29-day supply of new RAV4s, which is below normal. Work with a car-buying Concierge to avoid dealer markups!
See local Toyota RAV4 listings with the power of market data
4. Subaru Crosstrek
Why First-Time Buyers Love It: Subaru is known for being more pro-consumer than many of its competitors, making it easier to find a fair price. The Crosstrek stands out with its all-wheel drive capabilities, ideal for those needing extra traction. It’s a versatile and reliable choice for new drivers.
Starting Price: $26,540
Fuel Economy: 29 miles per gallon combined city/highway
Crash Test Safety Rating: 5-Star NHTSA Rating
Current Market Conditions: The average selling price of a new Subaru Crosstrek is $32,047 in 2024. There’s a 77-day supply of new Crosstreks, which is near the market average.
See local Subaru Crosstrek listings with the power of market data
5. Toyota Tacoma
Why First-Time Buyers Love It: For those considering a truck, the Toyota Tacoma is a great option. If you don’t need a full-sized truck, the mid-sized Tacoma offers durability and practicality. In 2024, it’s more likely to find a new Tacoma closer to the $40,000 price point compared to larger truck competitors, making it an accessible choice for first-time truck buyers.
Starting Price: $32,995
Fuel Economy: 23 miles per gallon combined city/highway
Crash Test Safety Rating: 4-Star NHTSA Rating
Current Market Conditions: The average selling price of a new Toyota Tacoma is $46,407 in 2024. There’s a 65-day supply of new Tacomas, which is close to the market average today.
See local Toyota Tacoma listings with the power of market data
There’s a Better Way to Buy
Finding the perfect car as a first-time buyer involves balancing cost, reliability, and overall value. The Honda Civic, Toyota Corolla, Toyota RAV4, Subaru Crosstrek, and Toyota Tacoma excel in these areas, making them the best choices for new drivers today. It’s a buyer’s market in 2024, and no buyer should pay for markups on these value-packed models.
Tired of car shopping hassles? Let us do it for you with our CarEdge Concierge service. Our experts can find the perfect vehicle for your needs, negotiate the best price, and handle all the details, saving you time and money. Learn more about CarEdge Concierge, the #1 car buying service in America.
The 5 Best Used Cars Under $15,000 In 2025
In 2025, the average used car sells for nearly $26,000. Needless to say, that’s a lot of money for an older model. Is it still possible to buy a used car for under $15,000? Believe it or not, reliable models from Honda, Subaru, and even Toyota are available for under $15K in 2025. From sedans to crossovers, and even an affordable EV, here are the top five budget-friendly used cars that deliver value without breaking the bank.
1. 2016 Toyota Camry
Average Selling Price: $14,851
Crash Test Safety Rating: Top Safety Pick Plus
Fuel Economy: 25 MPG city, 34 MPG highway (28 MPG combined)
Why Drivers Love It: The Toyota Camry has long been a staple in the mid-size sedan market, known for its reliability and comfort. The 2015 features what drivers have come to expect from the Camry: a spacious interior, smooth ride, and excellent fuel economy. It’s an ideal choice for those seeking a dependable car under $15,000.
See local Toyota Camry listings with the power of market data
2. 2017 Subaru Forester
Average Selling Price: $14,910
Crash Test Safety Rating: Top Safety Pick Plus
Fuel Economy: 24 MPG city, 31 MPG highway (27 MPG combined)
Why Drivers Love It: The 2016 Subaru Forester stands out for its all-wheel-drive capability and spacious interior. It’s perfect for families and individuals who need a versatile vehicle for all-weather driving. The Forester’s high safety ratings and robust design make it a great investment for those seeking a durable and affordable SUV.
See local Subaru Forester listings with the power of market data
3. 2016 Honda Civic
Average Selling Price: $13,700
Crash Test Safety Rating: Top Safety Pick Plus
Fuel Economy: 29 MPG city, 37 MPG highway (32 MPG combined)
Why Drivers Love It: The Honda Civic is a compact car that checks all the boxes for a commuter car. The Civic’s reputation for longevity stretches back decades. The 2015 model may be nearly ten years old, but is still known for its comfortable ride, no-fuss tech, and decent fuel economy. It’s an excellent choice for budget-conscious buyers looking for a car under $15k.
See local Honda Civic listings with the power of market data
4. 2015 Honda CR-V
Average Selling Price: $14,416
Crash Test Safety Rating: See IIHS safety ratings
Fuel Economy: 23 MPG city, 30 MPG highway (26 MPG combined)
Why Drivers Love It: Theres a reason why CR-Vs seem to be everywhere you look. Like other model years, the 2014 Honda CR-V is known for reliability and practicality. It offers a spacious albeit compact interior, ample cargo space, and a smooth ride. Simply put, you know what you’re getting with the CR-V, even one that’s a decade old.
See local Honda CR-V listings with the power of market data
5. 2018 Chevrolet Bolt EV
Average Selling Price: $14,370
Crash Test Safety Rating: Top Safety Pick
Fuel Economy: 238 miles of driving range per full charge
Why Drivers Love It: For those who primarily drive around town and want to avoid fuel costs, the 2017 Chevrolet Bolt EV is an excellent option. Charging at home is A LOT cheaper than paying for gas. This all-electric vehicle offers impressive range and zippy acceleration. Charging speeds are slow even at a DC fast charger, taking a full hour to add 200 miles of range. But for commuting to work or sticking around town, the gas savings could really make a used Bolt pay for itself over time.
A few years back, a serious recall required that all Bolt EVs get a new battery, free of charge. Therefore, it’s essential to verify that the battery replacement recall has been addressed before you buy. The good news is that Bolt drivers have reported nothing but satisfaction ever since the recall debacle was settled.
See local Chevrolet Bolt EV listings with the power of market data
There’s a Better Way to Buy
Finding a budget-friendly used car is possible in 2025; all it takes is familiarity with today’s car market and negotiation know-how. From the Camry to the all-wheel drive Forester and more, car buyers have a surprising number of options when shopping for a used car under $15k in 2025. Each of these models offers robust features, solid safety ratings, and a pleasant driving experience.
Tired of car shopping hassles? Let us do it for you with our CarEdge Concierge service. Our experts can find the perfect vehicle for your needs, negotiate the best price, and handle all the details, saving you time and money. Learn more about CarEdge Concierge, the #1 car buying service in America.
The 5 Best SUVs For Families in 2024
You’ve got kids, yet you’re not ready to give up a great ride. Fortunately, there are plenty of superb cars for families in 2024. These SUVs stand out for their unmatched value as people-movers. Here are the top five family-friendly cars for 2024, and the current market conditions for each.
1. Ford Expedition (Best Full-Size SUV)
Starting Price: $57,625
CarEdge Pick: XLT, starting at $61,690
Today’s Average Selling Price: $76,202 (158 days of supply, 21,635 for sale)
Crash Test Safety Rating: 5-Star Safety Rating
Fuel Economy: 17 MPG city, 23 MPG highway (19 MPG combined)
Why Families Love It: Families with more than a few car seats love the Expedition for one obvious reason: it’s massive. Jokingly called a ‘big rig’ by some, the Ford Expedition has seating for eight across three spacious rows. Our good friend The Car Mom decided on the Expedition for her growing family, and has many good things to say about the model. The Expedition’s passenger volume is an astounding 172 cubic feet. Cargo space behind the front seats is huge at 105 cubic feet.
See local Ford Expedition listings with the power of market data
2. Hyundai Palisade (Tied for Best Mid-Size)
Starting Price: $38,045
CarEdge Pick: SEL, starting at $40,795
Today’s Average Selling Price: $50,353 (86 days of supply, 21,092 for sale)
Crash Test Safety Rating: 5-Star Safety Rating
Fuel Economy: 19 MPG city, 26 MPG highway (22 MPG combined)
Why Families Love It: Known for value, flexibility, and more luxury than you’d expect at this price point, the Hyundai Palisade has been gaining popularity for all the right reasons. For about $40k, families get the flexibility of three rows of seating, totaling up to 155 cubic feet of passenger space and 86 cubic feet of max cargo capacity.
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3. Kia Telluride (Tied for Best Mid-Size)
Starting Price: $37,585
CarEdge Pick: EX, starting at $43,185
Today’s Average Selling Price: $48,402 (62 days of supply, 16,488 for sale)
Crash Test Safety Rating: 5-Star Safety Rating
Fuel Economy: 20 MPG city, 26 MPG highway (22 MPG combined)
Why Families Love It: Craving a hint of luxury in a three-row SUV for under $45,000? The Kia Telluride is the perfect fit. Reviewers all agree that the Telluride is the best of both worlds for those looking to transport the family without the minivan lifestyle. The Telluride has 178 cubic feet of passenger room, and 87 cubic feet of cargo volume behind the first row.
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4. Volkswagen Atlas (Best Sporty Option)
Starting Price: $39,420
CarEdge Pick: SE, starting at $39,420
Today’s Average Selling Price: $47,273 (102 days of supply, 16,199 for sale)
Crash Test Safety Rating: 5-Star Safety Rating
Fuel Economy: 20 MPG city, 27 MPG highway (23 MPG combined)
Why Families Love It: Families who aren’t ready to take the minivan dive love the VW Atlas for its three rows of seats surrounded by surprisingly fun looks. The Atlas comfortably seats seven, and features up to 97 cubic feet of cargo space behind the first row. Passenger volume is decent at 154 cubic feet with the third row. What if you don’t need a third row? The Atlas Cross Sport trades the extra seats for a sportier drive and sharper looks.
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5. Kia EV9 (Best EV for Families)
Starting Price: $56,395
CarEdge Pick: Light Long Range, starting at $60,695
Today’s Average Selling Price: $68,661 (69 days of supply, 3,971 for sale)
Crash Test Safety Rating: Not yet rated (sibling EV6 was awarded 5 stars)
Fuel Economy: 304 miles of driving range (charge 10-80% in 24 minutes)
Why Families Love It: The Kia EV9 is the most affordable three-row EV on the market in 2024. Featuring very fast charging and between 270 and 204 miles of range, the EV9 is not just for hauling the kids around town, but for road trips too. The 2024 Kia EV9 has passenger volume of 158.8 to 160.3 cubic feet, and max cargo volume of 81.7 feet.
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There’s a Better Way to Buy
Selecting the perfect family car involves balancing safety, space, and practicality. The Ford Expedition, Hyundai Palisade, Kia Telluride, Volkswagen Atlas, and Kia EV9 excel in these areas, making them the best choices for families in 2024. Plus, these SUVs are available at a reasonable price, and are even negotiable in today’s market.
Tired of car shopping hassles? Let us do it for you with our CarEdge Concierge service. Our experts can find the perfect vehicle for your family, negotiate the best price, and handle all the details, saving you time and money. Learn more about CarEdge Concierge, the #1 car buying service in America.
