Discover the best models and how to finance the purchase.
8 best cheap used cars under 5000 euros
Peugeot, Seat, Volvo and many other reference brands. There are cheap used car options with excellent quality that are real finds.
The Smart ForTwo was launched in 1994 and went on sale in Portugal in 2003. It immediately attracted attention for its unmistakable body and its agility to move around the city.
The Smart ForTwo is indeed one of the most practical used cars for the urban environment. The smaller dimensions without compromising on comfort make for easy moving and parking, and the fact that the engine is manufactured by Mercedes makes this a reliable car. So even units with many kilometers continue to perform safely and stably.
In addition, consumption is very attractive for the wallet, varying from 4 to 5 liters of fuel per 100 kilometers. Its iconic design is also one of the reasons why it is one of the most used cars in Europe’s major cities.
The Renault Clio has been the brand’s most emblematic model since 1990. It remains the best-selling car in Portugal and considers itself one of the best in its segment. The success of the Renault Clio is due to the fact that it is very economical and well equipped. Cruise Control or automatic air conditioning are some of the systems fitted to these models.
For example, the used Renault Clio can be well equipped, comfortable and with relatively low consumption, in the order of 5.7 liters per 100 kilometers. There are 2010 versions equipped with a 1.5 diesel engine, 70 hp, for less than 5000 euros.
3. Seat Ibiza
The Seat Ibiza started production in 1984 and was designed by Seat in collaboration with other well-known brands such as Italdesign, Karmann and Porsche. Since then, the production of this model has continued continuously through five different generations.
That is why the Seat Ibiza could not fail to take its place in this list of the 8 best cheap used cars up to 5000 euros, primarily due to its sporty design, with space to comfortably transport passengers and even carry luggage.
The mechanics are reliable, solid and affordable, in line with another brand of the group, Audi. It is a very complete occasion, with some versions from 2010 with power in the order of magnitude of 75 hp and an inviting consumption of only 4 liters per 100 kilometers.
It is true that aesthetics are a subjective concept, but the Peugeot 207 continues to arouse the admiration of many drivers, with dynamic and modern lines. In addition, it is an easy car to find on the second-hand market, as it was one of the best-selling models in its segment. The driving experience is pleasant, thanks in part to good suspension.
It preceded the 206 model, which was awarded 5 stars for safety by EuroNCAP, testifying to its robustness and reliability from the very beginning. In addition, the consumption levels are impressive, in the order of 4 liters of fuel per 100 kilometers, with engines of 70 hp and 1400 displacement.
Born in 1993 to revolutionize the compact segment, the Renault Twingo quickly became a success in Europe. Small on the outside and big on the inside, it was designed with the mission to become the brand’s lowest cost car, eliminating everything superfluous, but with an innovative design.
The iconic lines of the Renault Twingo have made it a cult model in some countries. It is a gracefully curved city car with round headlights, with a surprisingly comfortable and airy interior.
The Renault Twingo offers a pleasant driving experience in the city, with an average consumption of 5 liters per 100 kilometers. The engine with a power of 58 hp and a displacement of 1149 offers good performance in the city and is one of the most practical and economical options for anyone looking for a cheap used car.
At the time Germany hosted the 1974 FIFA World Cup, another event made it a milestone for the country: the launch of the Volkswagen Golf. This model was an instant success and soon won over motorists all over the world.
The Volkswagen Golf is known for its durability and reliability, even with reports from drivers who only noticed a first defect with this model at 400,000 kilometers. In addition, it offers a well-designed and functional cabin.
It is possible to find 2006 models with safe performance, with petrol engines of 1,400 displacement and 75 hp, or TDi with 100 hp and 1,900 displacement. In terms of consumption, it is one of the most economical, with an average consumption of 5 liters of fuel per 100 kilometers.
The Volvo S60 is an option to always keep in mind when looking for cheap used cars up to 5000 euros. Launched in 2000, it excelled in safety and comfort – ahead of the major competitors at the time.
It has reliable and efficient motors, fast and accurate steering and effective braking. There are versions with 2.5 liter engines and 163 hp, with an average consumption of 6 liters per 100 kilometers.
Some 2010 models also have a ventilated disc brake system at the front and discs at the rear, and the exceptionally well-built chassis is responsible for stable cornering and driving comfort.
The decision to produce the Toyota Aygo was taken jointly in 2001 by Toyota and the PSA Peugeot-Citroën group to ensure affordable prices. The result was an instant success.
The Toyota Aygo stands out as a young and modern city car, making it an agile and agile used car for daily commuting. In addition, it mainly attracts attention due to the design on the minimalist control panel.
In terms of performance, drivers can count on an average consumption of only 4 liters per 100 kilometers and there are engines with 68 hp and a displacement of 998. For those who appreciate design, Toyota Aygo offers various combinations, both in terms of exterior and interior itself.
How to finance the purchase of cheap used cars?
After choosing the cheap used car model, you should pay some attention to the payment method. These are the main ways to finance the purchase.
1. Car credit
Car credit is the most used financing solution for buying used cars in Portugal. In this mode, it is a financial entity that borrows the amount to acquire the vehicle, paying monthly installments with interest.
If your banking situation is sound, accessing a car loan is easy and fast and there is no need to make a down payment as car loans are 100% financed. Lower interest rates compared to a personal loan and it is possible to have lower monthly payments because you can pay for a longer period, up to 120 months. The car is the direct property of the buyer.
However, since it implies interest, the consumer will always pay more than the cost of the used car. You should also keep in mind that the car loan also comes with other additional costs such as opening fees and others that must be included in the contract. Finally, there is the concern that a debt will be incurred during the term of the car loan.
2. Personal credit
Personal credit is not as competitive as car credit, but it can still be considered a way to finance the purchase of cheap used cars. This modality is similar to the previous one, with the difference that the purpose for which the credit is intended is not specified.
Credit is easy to get if you have no history of defaults and the financing is also 100%. Deadlines are extended and the buyer owns the car from the moment of purchase. However, the interest rate is higher compared to car credit, and there are also costs for opening personal credit, among other things, depending on the financial entity that provides the loan.
Finally, knowing the different ways to finance the purchase of used cars, you should now choose the one that best suits your profile. The main factors that play a role in the choice are the level of interest rates, the cost of maintenance and the ownership issue of the vehicle. Evaluate what matters most to you and what you can do without, and make the right decision.
This Personal Finance article is the result of a collaboration between ComparaJá and Dinheiro Vivo, published weekly