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Stock impact report

What car in the $20,000-range is best for my graduating son with a new sales job? [Globe and Mail, The (Toronto, Canada)]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
His driving record is okay, but not perfect and we're nervous about insurance, so we're skewing to vehicles that will be insurance friendly. Our budget (if we pay cash) is about $21,000. For that we would consider a new “basic” econo-something or a lightly used, highly reliable, low-mileage vehicle. It needs to be good on gas and repair as he's making entry-level money. My approach is reliability over style, as he's a newbie at his job and can't afford to miss work because of vehicle problems. It's been a long time since I bought a used car, so please add your thoughts on buying from a dealer or private. – James Mark Richardson: I can tell it's been a while since James bought a car. He won't get anything new for $21,000 once he's paid the taxes, I'm afraid. A used car that's low mileage and reliable will also be a stretch. He should find a medium-level used car though – a classic starter vehicle. Petrina Gentile: Unfortunately you're right. It's sad – a few years ago, you could Show less Read more
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