Question: What Is The Best Age For A Used Car?

What is the best age of a used car to buy?

According to various car buying and selling resources, including Edmunds, Consumer Reports, and U.S.

News & World Report, the “right age” can vary greatly.

One to two years old – Edmunds recommends buying a car that’s one or two years old, driving it for three years, and then selling it before the next big price slump.

How many is too many miles on a used car?

One rule of thumb to keep in mind, especially when looking at reports like Carfax or AutoCheck, is that 15,000 miles per year is considered to be the industry average. Therefore, if you’re looking at a vehicle that is ten years old, it’s not unreasonable for it to have 100,000 to 150,000 miles on it.

Is buying a 10 year old car worth it?

As mentioned earlier, modern cars are extremely reliable, even as they age. Even 10-year-old cars have less than one problem per year that needs repair. For example, a five-year-old car may only suffer a major problem every three years and a 10-year-old car would have a problem only every 18 to 20 months on average.

What is more important car age or mileage?

While mileage matters a lot, a car’s age can be just as big of a deal — and in some cases, it’s even more important than mileage. A 6- or 7-year-old car that has spent much of its life sitting, for instance, might give us more concern than a 10-year-old car that’s been well-maintained.

How do I pick a good used car?

How To Choose A Used Car

  • Find out the market value.
  • Carefully inspect the car.
  • Do a serious test drive.
  • Get the car checked out by a mechanic.
  • Get the repair history on the car.
  • Consider the relationship between a car’s age and mileage.
  • Always be ready to walk away.

Is it worth buying a car with high mileage?

There is only so low a car goes in value. In general, buying a higher mileage newer is better than buying an older car with less miles. After a while a car is considered high mileage and the depreciation curve flattens out, so technically you can get 30,000 miles from a car for free.

What is the best age and mileage for a used car?

According to various car buying and selling resources, including Edmunds, Consumer Reports, and U.S. News & World Report, the “right age” can vary greatly. One to two years old – Edmunds recommends buying a car that’s one or two years old, driving it for three years, and then selling it before the next big price slump.

What’s the cheapest way to own a car?

Using your savings is the cheapest option for buying a car, while personal loans are usually the cheapest way to borrow to buy a car, but only if you have a good credit history. If you have a bad credit score, you might need to choose one of the alternative financing methods to buy a car.