The auto industry’s best used cars

The auto industry's best used carsThose who need a car loan to afford of set of wheels should spend smart, and the best way to do that is by purchasing a used vehicle. The resale price for new cars is knocked down 20 percent as soon as it leave the dealership, so opting for a pre-owned car is the way to go if you want relatively new features for a fraction of the original cost.

MSN Autos recently made a list of the best used cars to help shoppers make their pick. Those who are looking for a sedan will want to look at the Hyundai Elantra. Its $14,145 price tag is already a steal, but pre-owned editions are available for far less, and its impressive fuel economy of 27 mpg can also help you save at the pump.

If SUVs better suit your needs, check out the Honda CR-V, which has "impressive" fuel efficiency despite its trucklike utility. According to the news source, 2005 and 2006 models are available for as low as $11,200. If you are looking at earlier models, opt for the EX edition, as the standard version lacks anti-lock brakes.

As for trucks, the mid-size Toyota Tacoma is your best bet, as there are a variety of versions offered and pre-owned models can be found for less than $10,000.