What you can drive for $23,000

Ford Mustang V6
Price: $22,995
Mileage: 19 mpg city/29 highway/22 combined

Still a classic after all these years, the Ford Mustang boasts plenty of power, great handling and an attainable price. This rear-wheel-drive American muscle car is roomy enough for everyday driving, yet powerful and precise enough for the racetrack. The Ford Mustang also scores well for quality and reliability in the J.D. Power and Associates surveys. Although this is the base model, you’ll have plenty of fun with the Mustang’s 3.7-liter V-6 that makes a hearty 305 horsepower and 280 pound-feet of torque. You’ll have to be a true enthusiast, though, since at this price the Mustang comes standard with a six-speed manual transmission. It also gets sporty touches like silver-painted 17-inch aluminum wheels, HID headlights, LED taillights and stainless-steel dual exhaust tips. The Easy Fuel capless fuel filler saves time and mess at the pump.