15 Best Cars for Retirees To Buy In 2023

Older car buyers may find that their priorities have changed. Perhaps you are on a fixed income and need a more affordable car. 

Or maybe you want to downsize now that you’re an empty nester and don’t need to drive the kids to school. And you may need something easier to get into and out of than a big SUV.

Here are some cars that might be great for older buyers because they suit your lifestyle better or allow you to keep more money in your bank.

The Corolla was one of the top-selling models in America last year, with 220,000 units sold, according to Car and Driver. 

You can get safety features such as pedestrian detection and adaptive cruise control, which might make it a safer option for older drivers.

The manufacturer’s suggested retail price starts at $21,700.

The Subaru Legacy is a popular all-wheel drive sedan that features extra traction. It is also fuel-efficient, getting you 35 miles per gallon on the highway.

Grab a new Subaru Legacy with an MSRP of $24,895 for its base model.

Not every older driver wants to drive a sedan. Fortunately, there are plenty of SUV or crossover options to choose from. They include the Honda CR-V, which has a starting price of $29,500.

If you choose the Honda CR-V hybrid, you will get excellent gas mileage of 40 miles per gallon in the city and 34 miles per gallon on the highway.

If you need a bigger vehicle, the Kia Telluride can help you out. This vehicle is big enough to help you pick up the grandkids or help your children move into and out of college dorms or apartments.

The Telluride features three rows of seats to fit eight passengers comfortably. Pick one up with an MSRP of $35,890.

The Honda Accord starts at $27,295, making it an affordable option for older buyers with a fixed income.

For that price, buyers get Google built in to help them remain hands-free while balancing navigation, audio, phone calls, and text messages.

A Toyota Camry has a five-star safety rating from the National Highway Traffic Safety Administration, which could be an important factor when choosing a new car.

You can pick up a Camry for a starting price of $26,420.

Some seniors may prefer a pick-up truck for outdoor activities, towing, or heavy-duty work.

The Ford Maverick is smaller than the more popular F-150 model. Pick one up for a starting MSRP of $23,440 and add off-road packages.

You don’t have to give up luxury when you become an older driver. There are some great luxury options if you want to drive in style during your older years.

Check out the Volvo S90, which includes safety features such as a blind-spot information system and a 360-degree camera.

The Volvo S90 starts at $57,700.

Electric vehicles can be a good option for drivers who want to ditch gas engines for something new and different.

The Chevy Bolt EV is an all-electric option with 259 miles of range on a full charge. And it’s an affordable option for those who want to try an electric vehicle with a starting MSRP of $26,500.

The Murano has been promoted as a vehicle for empty nesters, so it could be a good option for older drivers.

Some models of the Murano include automatic emergency braking and lane-departure warnings to keep you safe.

Check out a Murano with a starting price of $34,160.

Pick up something zippy and fun now that you’re older with a two-seat Miata.

The Mazda MX-5 Miata starts at $28,050 and offers Apple and Android integration to help you with navigation and other hands-free options. Make your way around the city in a fun and flashy new car.

Older drivers looking for a luxury sedan might consider the Genesis G80. It features 300 horsepower and eight-speed automatic transmission.

You also get driver assistance technology in this vehicle, which has an MSRP that starts at $50,000.

If a luxury SUV is more your style, consider the Lincoln Corsair SUV.

The MSRP starts at a reasonable $38,690 for this vehicle, which offers seating for five and features such as adaptive cruise control and rear parking sensors.

The Hyundai Sonata is a good choice for older drivers who want a midsize sedan. The car has earned praise for its performance.

The Sonata gets up to 38 miles per gallon on the highway and starts at a reasonable $25,450.

The Toyota Sienna might be a good choice for older drivers with disabilities.

Toyota partners with companies to offer a wheelchair-accessible version of the Sienna. Drivers can use hand controls to drive the vehicle.

MSRP on the Sienna starts at $36,885.

Choosing the right new car can save you money. For example, selecting a model with low maintenance costs or that's exceptionally fuel-efficient can lower your car costs.

Now that you're older, search for a model that better suits your current needs and budget.