Buying a used car can be a savvy move if you want a reliable vehicle at an affordable price. However, there are some used cars that aren’t great investments. Purchasing some of these cars means you might be stuck with transmission issues, questionable build quality or experience a higher likelihood of deprecation.
GOBankingRates spoke to several automotive professionals about used cars that can turn out to be more of a financial hassle than a deal. Stay away from purchasing these six used cars.
Used Fiats have become such a regretted purchase among car buyers that the vehicle has its own unflattering acronym: Fix It Again Tony. Over the years Fiat has been in the United States, Carl Anthony, managing editor at Automoblog, said reliability and quality ratings from industry sources like Consumer Reports and J.D. Power have been lower than expected.
If you’re shopping for a used Fiat, Leland Jones, founder and CEO of Ceramic King Coatings, said to steer clear of any 2012 through 2016 Fiat 500 cars. Among other issues to anticipate, Jones said buyers may experience clutch failure and high repair costs.
Buyers who see a used Ford Escape for sale might want to keep looking.
Joe Giranda, director of sales and marketing for CFR Classic, said used Ford Escape cars are plagued with transmission issues like shuddering and jerking. Another major issue with these used cars is the suspension which needs frequent maintenance.
Even after being discontinued by Volkswagen in 2015, the Volkswagen Eos is among one of the worst used convertibles to purchase.
“It is prone to mechanical problems, particularly with its power windows and convertible top mechanisms, resulting in high repair costs,” Giranda said. “Owners have also reported frequent suspension issues.”
While the Toyota Camry is a reliable sedan, Giranda said the previous generation of this car has a reputation for having transmission problems, weak brakes and poor fuel economy.
Giranda recommends buyers interested in a used sedan try out the Honda Civic or the Mazda3. These will be a little more expensive than a secondhand Camry but have qualities and features that make these used cars worth the extra cost.
According to Cars.com, certain model year 2015 Chrysler 200 vehicles have been recalled by Chrysler. Some of the reasons why this particular model was recalled include electrical system wiring issues and power failures in the electrical system. Jones adds these used vehicles have engine issues and speed control problems.
You may feel like you can impress everyone with a used or secondhand BMW, but Jones does not recommend purchasing this used car no matter what year it is.
“The cost on those vehicles tends to be insane,” Jones said. “There’s a high cost of maintenance and repair expenses are through the roof. Not to mention if you wanted an extended service contract. In my experience, they just bring issue after issue.”