What is the best car buying site?

How old of a used car should I buy?

In retaining “like new” quality and inheriting a slower depreciation rate, the best used car age for buying is 2-3 years. In fact, Americans are saving up to $14,000 on a 3-year-old vehicle. For example, a car that may have cost you $30,000 when new would cost around $16,000 after just 3 years.

Is a 10-year-old car too old?

When buying a used car that’s 10-years-old or older, your primary concerns are purchase price and reliability. Don’t pay more than that 10-year-old car is worth. And, pick a car with a solid reputation for dependability. No car is really too old if you follow those rules.

How many miles should a 10 year old car have?

A wary buyer should use as a general rule of thumb that most cars are driven 12,000-15,000 miles per year. If a vehicle is 10 years of age, it should have between 120,000 miles and 150,000 miles on the odometer.

Can a car last more than 300k miles?

A conventional car can last for 200,000 miles. Some well-maintained car models will reach 300,000 or more miles total. The average passenger car age is currently around 12 years in the United States. Choosing a well-built make and model can help extend your car’s longevity.

Is 150k a lot of miles?

Understanding High-Mileage Vehicles

While the exact point at which a vehicle reaches this threshold is somewhat subjective, 150,000 miles is a realistic estimate. A modern car with 150,000 miles on the road may be considered high mileage, but it can still provide years of reliable use.

How many miles should a 7 year old car have?

Seeing as the average driver covers about 12,000 miles a year, you’ll want to see the following: About 60,000 miles on a 5-year-old car. About 84,000 miles on a 7-year-old car. About 108,000 miles on a 9-year-old car.

What month is it best to buy a car?

In terms of the best time of the year, October, November and December are safe bets. Car dealerships have sales quotas, which typically break down into yearly, quarterly and monthly sales goals. All three goals begin to come together late in the year.

How long should you keep a car before selling it?

When it’s between five to seven years past its model year, the decline in its value slows and mostly settles. So if you didn’t trade in during the first five years of ownership, there’s not much reason to rush to do it before the car turns 8.

Is it worth buying an old car with low mileage?

It’s typically a general rule of thumb to go for the car with the lowest number of miles on it. The more miles a car has, the more likely it is to need repairs and maintenance. This raises the question of whether buying a used car with unusually low miles on it can lead to problems down the road.

What is the sweet spot for buying a used car?

What Is the Used-Car Sweet Spot? It’s the period after the vehicle’s first — and most significant — depreciation and the second steep depreciation, which comes around the fourth year. This pattern is fairly consistent across all vehicles.

How many miles on a car is too many miles?

What is considered high-mileage? Typically, putting 12,000 to 15,000 miles on your car per year is viewed as “average.” A car that is driven more than that is considered high-mileage. With proper maintenance, cars can have a life expectancy of about 200,000 miles.

What is better low mileage or age?

Age basically represents the cost of time.

The older a vehicle, the less it’s worth. Again, because it’s more likely to need repairs at some point, but also because it will fall behind the standards of newer models. Ultimately, car age and mileage both matter when buying a used car.

At what mileage do cars depreciate the most?

0-30,000 miles

New cars suffer their biggest drop in value within their first year of ownership and continue to lose value sharply until their warranties run out, which is normally at around 36,000 miles or in their third year – whichever comes soonest.

Why dealers are selling used cars with very high miles?

One of the main reasons is that new car prices have been steadily rising, making used cars more valuable. This also ties back to the fact that used cars are being repaired instead of scrapped. The microchip shortage is the final reason it’s more common to find high-mileage used cars on dealership lots.

Can I buy a 20 year old car?

No. You can only buy cars 21 years old or older and 19 years old or newer but all the 20 year old cars are not for sale.

Why you should keep driving your old car?

Keeping your old car makes sense if: You’re on a Tight Budget. You’ll almost always save money by hanging on to your old car for as long as possible. Even if a new car costs less to repair and fill up, those savings are dwarfed by the upfront cost, monthly payments, and higher insurance.