The 15 Best Fuel-Efficient Cars for Retirees To Buy In 2023

RETIREMENT - RETIRED LIFE
Discover the top fuel-sipping cars tailored for retirees in 2023.
Updated May 8, 2024
Fact checked
Mature woman at car

We receive compensation from the products and services mentioned in this story, but the opinions are the author's own. Compensation may impact where offers appear. We have not included all available products or offers. Learn more about how we make money and our editorial policies.

Retirees who live on a fixed income might be worried about the costs of owning a car.

In addition to the car itself, you can also be on the hook for gas, repair and maintenance costs, insurance, and more. Reducing the amount of fuel you burn can make it easier to manage costs.

Check out these fuel-efficient cars that can help you reduce money stress by cutting down on the cost of gas.

If you’re over 50, take advantage of massive discounts and financial resources

Over 50? Join AARP today — because if you’re not a member you could be missing out on huge perks. When you start your membership today, you can get discounts on things like travel, meal deliveries, eyeglasses, prescriptions that aren’t covered by insurance and more.

How to become a member today:

  • Go here, select your free gift, and click “Join Today”
  • Create your account (important!) by answering a few simple questions
  • Start enjoying your discounts and perks!

Important: Start your membership by creating an account here and filling in all of the information (Do not skip this step!) Doing so will allow you to take up 25% off your AARP membership, making it just $12 per year with auto-renewal.

Become an AARP member now

Subaru Legacy

Courtesy of Subaru subaru legacy

The Legacy is a good option for retirees needing a car that sits lower to the ground and is easy to get in and out of.

The Subaru Legacy has a starting manufacturer’s suggested retail price (MSRP) of $24,895.

The car also sips fuel to help you keep more money in your wallet. You get 35 miles per gallon on the highway and 27 miles per gallon in the city.

Kia Forte

Courtesy of Kia kia forte

Consider the Kia Forte if you’re looking for an affordable car with great gas mileage. After all, the Forte’s MSRP of $19,790 for its cheapest model makes it one of the few vehicles on the market starting under $20,000.

The Forte LX, the model’s cheapest option, gets an estimated 30 city miles per gallon and 41 highway miles per gallon.

Ford Escape

Courtesy of Ford ford escape

SUVs typically get lower gas mileage than sedans, but there are still some good fuel-efficient options that might fall within your budget.

The Ford Escape is a smaller SUV, so it’s easier to get into and out of than other larger SUVs.

The Ford Escape Active model with a 1.5L EcoBoost can get 34 miles per gallon on the highway and 27 miles per gallon in the city. The 2.5L hybrid engine can get you up to 36 miles per gallon on the highway and 42 miles per gallon in the city.

Resolve $10,000 or more of your debt

Credit card debt is suffocating. It constantly weighs on your mind and controls every choice you make. You can end up emotionally and even physically drained from it. And even though you make regular payments, it feels like you can never make any progress because of the interest.

National Debt Relief could help you resolve your credit card debt with an affordable plan that works for you. Just tell them your situation, then find out your debt relief options.1

How to get National Debt Relief to help you resolve your debt: Sign up for a free debt assessment here. (Do not skip this step!) By signing up for a free assessment, National Debt Relief can assist you in settling your debt, but only if you schedule the assessment.

Try it

Volkswagen Jetta

Courtesy of Volkswagen volkswagen jetta

The Volkswagen Jetta is another sedan that’s easy to access for seniors with mobility issues. And the car is stylish to boot.

Check out a Jetta with an estimated 42 miles per gallon on the highway and 29 miles per gallon in the city. It has a starting MSRP of $21,345.

Lexus ES

Courtesy of Lexus lexus es

If you don’t want to compromise on luxury, the Lexus ES can be an excellent fuel-efficient option. It has an MSRP of $43,190, which might put it closer to the top end of the options on this list when it comes to cost.

But the ES also can save you on gas. For example, the ES 250 also gets an estimated 25 miles per gallon in the city or 34 miles per gallon on the highway, helping you save some money on gas when you buy this luxury car.

Toyota Camry

Courtesy of Toyota toyota camry

One of the best-selling cars in 2022 was the Toyota Camry. Retirees looking for a dependable car with a good reputation might want to consider the Camry, which has a starting MSRP of $26,420.

The comfortable-to-drive Camry also gets 28 miles per gallon in the city and 39 miles per gallon on the highway.

Chevy Trailblazer

Courtesy of Chevy chevy trailblazer

The Chevy Trailblazer might be a great option for retirees, as the small SUV gives drivers plenty of visibility.

The Trailblazer is estimated to get 29 miles per gallon in the city or 33 miles per gallon on the highway. The starting MSRP is $23,100.

Honda Civic

Courtesy of Honda honda civic

Another of the best-selling cars in 2022 was the Honda Civic, which is easy to maneuver for drivers young and old.

You can get a Honda Civic from your local dealer with an MSRP of $23,950. The car gets 31 miles per gallon in the city and 40 miles per gallon on the highway.

BMW 5 Series

Courtesy of BMW BMW 5 Series

Retirees who want a luxury sedan might consider the BMW 5 Series.

Models start at $57,900, which could be at the top end of your budget for a new vehicle. But you might be able to save some cash with the car’s estimated 27 miles per gallon in the city or 35 miles per gallon on the highway.

Earn cash back on everyday purchases with this rare account

Want to earn cash back on your everyday purchases without using a credit card? With the Discover®️ Cashback Debit Checking account (member FDIC), you can earn 1% cash back on up to $3,000 in debit card purchases each month!2

With no credit check to apply and no monthly fees to worry about, you can earn nearly passive income on purchases you’re making anyway — up to an extra $360 a year!

This rare checking account has other great perks too, like access to your paycheck up to 2 days early with Early Pay, no minimum deposit or monthly balance requirements, over 60K fee-free ATMs, and the ability to add cash to your account at Walmart stores nationwide.

Don’t leave money on the table — it only takes minutes to apply and it won’t impact your credit score.

Apply for a Discover Cashback Checking account today

Hyundai Elantra

Courtesy of Hyundai hyundai elantra

The Hyundai Elantra is a budget-friendly sedan, making it a good option for someone who is on a fixed income after they retire.

You can grab an Elantra for a starting price of $20,950. It will get you 33 miles per gallon in the city and 42 miles per gallon on the highway.

Kia Soul

Courtesy of Kia kia soul

The Kia Soul is another crossover SUV option for those on a budget.

The Soul gets an estimated 27 miles per gallon in the city and 33 miles per gallon on the highway. It has an MSRP of $19,990.

Nissan Maxima

Courtesy of Nissan nissan maxima

Retirees who want to feel younger might like the sporty design of the Nissan Maxima.

The Maxima has an MSRP starting at $38,340. It can get an estimated 20 miles per gallon in the city and 30 miles per gallon on the highway.

Volvo S90

Courtesy of Volvo volvo s90

Volvo has a reputation for safety, which is why retirees might want to consider it despite the $57,700 starting price for an S90.

The sedan can reach an estimated 22 miles per gallon in the city and 31 miles per gallon during highway driving.

Toyota Venza

Courtesy of Toyota toyota venza

The Toyota Venza is another great option if you want an SUV crossover that gives you some extra visibility, thanks to its higher driver position than what you find in a typical sedan.

The Venza comes with a starting MSRP of $34,920 for the LE base model. You can get an estimated 40 miles per gallon in the city or 37 miles per gallon on the highway thanks to its hybrid engine.

Acura Integra

Courtesy of Acura acura integra

Check out the Acura Integra if you’re looking for a sporty sedan.

The Integra has a starting base price of $31,500 and includes a fuel-efficient engine that can get 30 miles per gallon in the city and 37 miles per gallon on the highway.

Bottom line

Мария Кокулина/Adobe aged man buy car

Purchasing a fuel-efficient car can help you save money on gas. But don’t stop there in your pursuit of lower car costs.

Shopping around and comparing quotes on auto insurance can also help you to lower your car costs. Every penny you save can help you stay within your budget in this era of inflation.

  • You could save up to $500 with some companies
  • Compare dozens of providers in under 5 minutes
  • Fast, free and easy way to shop for insurance
  • Quickly find the perfect rate for you

Want to learn how to make an extra $200?

Get proven ways to earn extra cash from your phone, computer, & more with Extra.

You will receive emails from FinanceBuzz.com. Unsubscribe at any time. Privacy Policy

  • Vetted side hustles
  • Exclusive offers to save money daily
  • Expert tips to help manage and escape debt