Quick Answer: What Is The Sweet Spot For Buying A Used Car?

Should I buy a 10 year old car with low miles?

Generally OK.

In general, we think that low-mile used cars are a great decision, even if mileage seems unusually low.

In other words, find a 10-year-old car with only 10,000 miles on the odometer, and you’re probably looking at a great buy rather than a wide range of potential problems down the line..

What mileage do cars start having problems?

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 the best age to buy a used car?

So for used car shoppers, purchasing a car that’s two to three years old and driving it for three years results in some of the lowest costs for recent model cars.

How many miles is too many for buying 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.

How much do car dealers mark up used cars?

That being said, the average used car markup today is probably about $2,500. Hard to find specialty cars (Ferrari, Lamborghini, McClaren and others), or models in short supply could (and should) be much higher. But, for your run of the mill used car, expect the dealer to have a $2,500 markup in the price.

Does mileage matter on used cars?

In the world of used cars, two factors, in particular, will always play a role in the price you pay: mileage and age. As a rule of thumb, higher mileage usually goes together with a lower price. This is because key features like parts, suspension components and other mechanisms are created to last for a set time.

Should I buy a 10 year old used car?

Beyond a simple mechanical inspection, however, you’ll want to be sure the car you’re considering is a good example, especially if it’s 10 years old. Examine the body for major dents, scrapes or damage. … In all, we strongly believe it is possible to get a good, reliable 10-year-old model if you’re buying a used car.

Should I buy a car over 100K miles?

No, in most cases, buying a car with 100K miles is not a bad idea. In fact, there are a number of benefits to buying a high-mileage car. For example, cars with 100K miles cost less to purchase, register, and insure, all while depreciating slower than low-mileage cars.

Is it worth buying a used 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. The reason for this is simple: parts in a car, especially the rubber components deteriorate over time, regardless of mileage.

What are the worst used cars to buy?

Worst Used CarsModelYear(s) to AvoidFordF-2502016-2018FordF-3502011, 2016, 2018FordFiesta2011, 2014FordFocus2012-2017118 more rows•Jan 4, 2021

What do I need to do when buying a used car from a dealer?

How to Buy a Used CarSet your budget.Choose the right car.Check reliability and ownership costs.Locate good used cars.Price the cars.Check the vehicle history report.Contact the seller.Test drive the car.More items…

What are signs of a bad engine?

Here are 8 Warning Signs of an Engine Going Bad:Check Engine Light Illuminates! This light generally illuminates when detecting engine problems. … Loss of Power! … Decrease in Gas Mileage! … Annoying Noises! … Engine Stalling! … Odd Odors! … Engine Continues to Run after Ignition is Turned Off! … Rough Running Engine!

What should I check before buying a used car?

When you drive with quality coverage, you drive with peace of mind.Inspect the Car’s Exterior and Interior. … Go for a Test Drive. … Is Low Mileage on a Used Car Better? … Check for Leaks. … Determine a Fair Purchase Price. … Do Your Research. … Consider a Certified Pre-Owned Vehicle. … Avoid Being Rushed.More items…

What is the most reliable 10 year old car?

2008 Honda Odyssey. $5,955 | U.S. News Score: 9.1/10 | Reliability: 4/5. … 2008 Mazda CX-9. $6,203 | U.S. News Score: 9.1/10 | Reliability: 5/5. … 2008 Honda Fit. $3,540 | U.S. News Score: 9.1/10 | Reliability: 5/5. … 2008 Mazda5. … 2008 Scion xB. … 2008 Jeep Grand Cherokee. … 2008 Honda Civic. … 2008 Kia Sorento.More items…•