June is the time for graduation; as you send your proud graduate off to college or the real world, they will need a set of wheels to get them there. Here is a compilation of the top new and used cars for new grads, taking everything from safety, style, and mpg into consideration.
It’s a fine line between balancing parental safety concerns and a young driver’s need for speed. Of course, it depends on your grad’s current situation. Do they have a long commute to work? Fuel efficiency may top your list of requirements. Strapped for cash? A used option may work well. The list takes into account multiple factors, including fuel efficiency, safety, cost, as well as the most aesthetically appeasing to young buyers.
In the $10,000 to $15,000 range, the Chevrolet Malibu, ever reliable Toyota Corolla, and Volkswagen Jetta all topped the Wall Street Journal list. For $15,000 to $20,000, Toyota Camry, Acura TL, and Hyundai Elantra were three picks. Overall, Toyota, Ford, Nissan, and Honda topped lists across the board for top new and used cars for new graduates.
Keep in mind too, many brands may offer college discounts to new grads, in an effort to ease finance troubles and build lifelong customers. A lot of automakers offer incentive programs, including Acura, Audi, Ford, and General Motors. The programs are designed to give a leg up to new graduates with low income, little job experience, and a short credit history.
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