Many retirees don’t want their car payment to be a drain on their savings or monthly income – and rightly so. It’s smart to save your money for other things in life which you enjoy.
However, everyone needs a car to get around, so it’s wise to choose the right one for you.
The car industry has changed rapidly in the last 10 years. Let’s just say that the days of affordable cars being uncomfortable and boring to drive are long-gone.
In fact, today more than ever before, high-quality cars and SUVs loaded with the latest safety features, luxurious interiors and exciting drive specs are available and very affordable for nearly everyone.
To help you figure out which car to drive next, we’ve put together a list of the five best cars for retirees under $30,000.
The 5 Best Cars Under $30,000 for Retirees
2019 Honda CR-V EX
The 2019 CR-V EX comes with a 1.5L Turbocharged engine, Honda Sensing® safety features such as lane-keep assist, blind-spot monitoring, and auto-emergency braking. Controls are easy to use since the vehicle is targeted for middle-aged consumers.
However, this does not mean that the CR-V is lagging on tech. You get a 7-inch heads-up display, parking sensors, remote engine start, one-touch power moonroof and smart entry system.
The loaded features of the 2019 CR-V EX greatly enhance the driving experience. Equally important is that you get peace of mind due to Honda’s good reputation for reliability.
Price: Starting at $27,450
MPG: 34 highway / 28 city
2020 Buick Encore
The Buick Encore is quite an impressive subcompact SUV and is considered by some to be one of the best cars for retirement under $30,000.
The entry model offers essential features such as leather interior, keyless entry and start, and an 8-inch infotainment system. The interior feels premium and is easily one of the best in its class. The infotainment is user-friendly and offers the driver an array of different controls.
With several trims to choose from and multiple upgrade options, the Buick Encore excels in comparison to other vehicles in the sub-compact category.
Price: Starting at $23,200
MPG: 30 highway / 25 city
2020 Subaru Forester
The Forester is a proven wagon SUV. Subaru has developed the Forester over several generations and the latest fifth-generation is the best one yet.
The interior controls are modern, intuitive and easy to use. The long-wheelbase means that you have a large interior with ample seating space both in the front and rear seats.
The Forester also has one of the largest cargo spaces in the category. All-Wheel-Drive gives the Forester class-leading handling and safety especially when driving in adverse conditions.
Standard safety features in the Forester includes seven airbags and ‘Eyesight’, which includes emergency braking assists, lane departure warning and lane-keep assist.
Price: Starting at $24,495
MPG: 33 highway / 26 city
2019 Ford Taurus
The Taurus is a long-running model in Ford’s lineup. Introduced in 1985, the Taurus has proved to be a worthy companion to millions of owners.
The latest generation is no different. It follows Ford’s philosophy of quality and affordable vehicles. You can expect a soft and comfortable ride in the Taurus. An optional infotainment system adds a modern touch to the somewhat dated interior.
However, the 263-horsepower engine makes the Taurus exciting to drive when you are in the mood for some fun. Unfortunately, Ford plans to discontinue the model in the future, so this could be your last year to buy the Taurus new.
Price: Starting at $27,800
MPG: 26 highway / 18 city
2019 Hyundai Sonata
One of the best cars for retirement is the Hyundai Sonata.
Hyundai managed an incredible engineering feat with its midsize sedan, the Sonata. In comparison to its in-class rivals such as the Nissan Altima and Toyota Camry, the Sonata has a better exterior design that features a sleek coupe-like silhouette.
Hyundai has also achieved a balance between style and functionality with the Sonata’s interior. The aesthetics of the Hyundai feel modern and upscale, which makes it a great car for under $30,000.
You can choose between several trim levels, all of which are superior to the Camry and Altima. The Sonata comes as standard with a 2.4L 4-cylinder engine which offers decent power and fuel economy.
Price: Starting at $18,900
MPG: 35 highway / 26 city
Choose Your Vehicle Wisely in Retirement
Buying the right car for your retirement can save you thousands of dollars and guarantee peace of mind. Plus, it can add some excitement and novelty, as nearly everyone enjoys driving a new car.
With this list of vehicles for retirees under $30,000, you have a good starting point on your car search journey.
Thinking of driving something that really puts some excitement in your life?
Check out our article 4 Exciting Sportscars for the 60+ Man.