9 Fun Used Cars That 'Won't Cost Anything To Own,' According to Doug DeMuro
It’s harder than you think to find cool enthusiast cars that won’t cost you anything to own.
Auto expert Doug DeMuro said on YouTube it was difficult to define this topic because it combines vehicles which aren’t depreciating and do not cost anything to own. When a car is no longer depreciating, it means it’s pretty old or sought after. A car that is less mechanically expensive tends to be too new to not depreciate. (Tough, right?)
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As challenging as this list was to compile, DeMuro said he found around six to 12 cars (some of which are grouped together) which fit the criteria. Can you guess which enthusiast cars made the cut?
1. & 2. Chevrolet C6 Corvette and S197 Ford Mustang
DeMuro cites the Chevrolet C6 Corvette and S197 Ford Mustang as “the sweet spot” for two quality American muscle cars which won’t cost much to own. Your biggest expense is paying for fuel.
Granted, neither vehicle is known for its reliability. But they are both cheap to own, easy to fix and won’t break the bank when it comes to maintenance and repairs. DeMuro’s biggest recommendation is to shop for a nice, used model.
“Niceness is priced into your purchase price, and it will be priced in when you sell,” he said. “If you buy a decent C6 Corvette, you’ll be able to sell it as a decent C6 Corvette because even then the values are not declining significantly.”
3. Dodge Viper (Third Generation)
The third generation Dodge Viper is a more modern car than previous generations thanks to being completely redesigned in 2003. DeMuro said the third gen Viper is floored in depreciation. In short of the miles added on or any damage you may do, you’re not going to lose money on this car.
Speaking of money, how much does it cost? Prices for good third generation Vipers vary anywhere from $40,000 to as much as $70,000. You might even score this enthusiast car in the $30,000 range, if you shop carefully.
4. Honda S2000
The Honda S2000 was a sporty compact roadster sold from 2000 until 2009 and a “true enthusiast car” with its gearbox clutch, great steering and overall incredible driving experience.
One of DeMuro’s favorite things about the S2000 is the car’s community. If you have any problems with the vehicle, chances are good members of the car’s online community can help you troubleshoot what’s going on and understand how to repair it. Most models can be purchased for $25,000 to $30,000.
5. Mazda Miata (NC)
Though the NC is considered the least desirable Miata, DeMuro thinks it’s amazing in terms of overall driving experience. The newest models are 15 years old while the oldest models are around 20 years old and are usable, drivable and serviceable cars.
As it becomes harder to find other popular Miata models like the NA and NB, don’t be surprised if the NC’s value starts to tick up a bit over the next few years.
6. & 7. Toyota SW20 MR2 and Mark V Supra
This pair of Toyota sports cars may be aging a bit, but their reputations are flawless.
A nice Supra, especially if you’re shopping for one with a manual turbo, is a $75,000 to $100,000 investment. Don’t let the price scare you off. This car is not losing its value. Similarly, the SW20 MR2 is gaining in value despite getting into a period of wear on its parts.
8. & 9. Jeep Wrangler TJ and Lexus GX 470
Looking for an off roader which won’t cost you anything? Consider giving the Jeep Wrangler TJ or Lexus GX 470 a closer look.
The Wrangler TJ has few breakable parts, but if something does break this car is easy and cheap to fix and work on. Plus, it’s super fun to cruise around in since the roof comes off!
The GX 470 is a little more reliable than the Wrangler. While it’s not quite as fun (ahem, no open top capacity) it’s still incredibly capable as an off-roader and affordable, too. You can find a nice used model for $10,000 to $15,000.
Editor’s note: Photos are for representational purposes only and might not reflect the exact year, make or model of the vehicle(s) listed in this article.
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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