Best Used Sedans Under $55k for 2024
The best used sedans under $55k based on a data-driven analysis of each vehicle's reliability, resale value and safety.
Many lists ranking used sedans under $55s may already exist, but those depend mostly on subjective editorial criteria. iSeeCars' Best Used Sedans Under $55k are ranked using a data-driven and objective methodology. By applying data science to over 330 million vehicles, iSeeCars analyzes each car to understand its reliability and how long-lasting it is, its safety, and how well it holds its value over time. Each used sedans under $55 is compared to others within its own category, and the best one in a given category is the model with the best ratings across these three key areas, summarized by the iSeeCars Quality Score. Here are the top models in each used sedans under $55 category:
The best used luxury small and compact car under $55k is the 2018 BMW M3 (7.7 quality rating), with the 2023 BMW 5 Series being the best used luxury midsize car under $55k (7.7 quality rating). The 2020 Lexus LS 500 ranks #1 for the best used luxury large cars under $55k (7.8 quality rating).
The best used luxury hybrid car under $55k is the 2020 Audi A8 L (Plug-in Hybrid) (7.2 quality rating), which is also the best used luxury plug-in hybrid car under $55k (PHEV).
How We Rank These Cars
iSeeCars Best Used Cars Under $55k Rankings are calculated based on the latest research by our data science team and the National Highway Traffic Safety Administration (NHTSA).
We analyze data from over 12 million new and used vehicles in our Longest-Lasting Cars and 5-Year Depreciation Studies, combined with the NHTSA's Safety Ratings to give you an unbiased guide to the best vehicles in each segment.
After being evaluated, vehicles with the highest average scores earn a spot in the iSeeCars Best Car Rankings. (No final score is given to vehicles missing a score in any of the categories, but scores for other categories are still shown.)
Vehicles are scored in three categories:
Reliability
The reliability score represents an analysis of iSeeCars' proprietary research on the longest-lasting vehicles.
Value Retention
The value retention score is based on our data science team's statistical analysis and prediction of 5-year depreciation from MSRP to determine which cars hold their value best, using US Bureau of Labor Statistics data to adjust for inflation.
Safety
The safety score is calculated based on the last five years of crash test ratings from the National Highway Traffic Safety Administration (NHTSA) and incorporates the latest Top Safety Pick information from the Insurance Institute for Highway Safety (IIHS).