What is the best car under 5000?

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.

What is the most reliable car to buy?

Is 200k miles too much for a used car?

Although it may have been well maintained, the purchase of a vehicle with over 200,000 miles on the odometer might lead to significant maintenance costs. At this point, the car is likely nearing the end of its useful life, and you may soon need to either invest a significant sum in repairs or replace it entirely.

Is it OK to buy a used car with high mileage?

In some cases, you can be fine buying a used car with 150,000 or even 200,000 miles on it, because maintenance helps them last far beyond what many people have come to expect. When considering mileage on a used car, don’t take it at face value.

Is 150 000 miles too much for a used car?

As a general rule, most vehicles begin to seriously degrade at around 150,000 miles. It is considered rare, and therefore outstanding longevity, if a car reaches 200,000 miles on the road. That said, there’s more to identifying good versus bad mileage on a used car than just the odometer reading.

Is it worth keeping a car with 200k miles?

If it runs good, most of it’s features are working properly, it’s reliable, and you’re not sick of it, yes. 200k miles isn’t really that much nowadays with cars being built better than they ever have been. The 2 most important factors to consider is how well it has been maintained and what condition it is in.

How old of a 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.

How many years can a car last?

What’s the Average Life of a Car? In the past, the average lifespan of a car was significantly lower than it is today. Now, you can expect a standard car to last around 12 years or about 200,000 miles. More advanced vehicles like electric cars can go even longer, up to 300,000 miles.

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 much is too much for a car?

Aim to spend less than 10% of your take-home pay on your car payment and less than 15% to 20% on car expenses overall.