Consumer IQ

The Best Used Cars of 2013

The Best Used Cars of 2013 :: Mint.com/blog

Honda and Toyota had the most models make Edmunds.com’s Best Used Cars for 2013, filling out nearly half the list with four vehicles each.

Ford also placed well, with three of its models making the list.

Edmunds.com, a site that provides research and car-shopping tools, issues the annual list based on vehicle reliability, safety, value and availability. Only vehicle model years 2006 to 2011 were eligible.

Here’s the full list:

Subcompact Sedan: 2007-2011 Honda Fit

Compact Sedan: 2006-2011 Hyundai Elantra

Midsize Sedan: 2007-2011 Ford Fusion

Large Sedan: 2006-2011 Toyota Avalon

Coupe: 2006-2011 Honda Accord

Convertible: 2006-2011 Volvo C70

Wagon: 2006-2011 Subaru Outback

Compact SUV/Crossover: 2006-2011 Honda CR-V

Midsize SUV/Crossover: 2006-2011 Toyota Highlander

Large SUV/Crossover: 2007-2011 Mazda CX-9

Minivan/Van: 2006-2011 Honda Odyssey

Cargo Van: 2006-2011 Dodge/Mercedes-Benz Sprinter

Compact Truck: 2006-2011 Toyota Tacoma

Large Truck: 2006-2011 Ford F-150

Luxury: 2006-2011 Infiniti G35/G37/G25

Hybrid: 2006-2011 Toyota Prius

Two-Seat Sports Car: 2006-2011 Chevrolet Corvette

Performance Car: 2006-2011 Ford Mustang GT

In a news release, Editor-in-Chief Scott Oldham explained some of the rankings: ”There are a lot of popular cars on this list, and that’s not a surprise,” he said.

“Wider availability of a particular vehicle almost always translates to more competitive prices and better value for used car shoppers,” he added.

Used car loans made up 62.3% of outstanding auto loans in the second quarter of 2013, according to Experian Automotive data.

The average loan on a used car was $17,913 — up $480 from the second quarter 2012 — and the average credit score of consumers with used loans was 660, the lowest it’s been since 2007.

A consumer’s credit score impacts the rate he or she will get on an auto loan, and higher scores will likely translate into more favorable rates.

Credit scores are based on consumer credit history, so it’s important to check your credit reports for potential errors before applying for loans.

Consumers should also have an idea of their credit score before shopping, which can be obtained for free through Credit.com’s Credit Report Card.

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The Best Used Cars of 2013” was provided by Credit.com.