What is the best mileage to buy a second hand car?
To assess a used car’s mileage, multiply its age by 10,000. For example, a five-year-old car should have no more than 50,000 miles. If it’s significantly higher than this, investigate the car’s service and MoT history. Keep in mind that “high mileage” can vary depending on the car’s make, model, and condition. For most buyers, the sweet spot for a used car tends to be around three to five years old and here’s why: Depreciation Slows Down – The biggest drop in value has has already happened, meaning your car’s likely to hold its price while you own it.Why Age Matters. Age represents the time since the vehicle was manufactured regardless of how much it has been driven. While mileage often gets more attention age can be equally important because cars deteriorate over time even when not driven.It would be better if you can confirm the reason for the sale. People may think of selling a less-used car due to accidents or repeated defects. Buying from a trusted used car dealer is the suggested way to prevent buying the wrong car. Buying a second-hand car that is up to five years of age might be preferable.A good age for a used car is between 2 and 5 years because, by that time, the steep part of the depreciation curve has passed while the vehicle can still be considered fairly new.
What year is best to buy a 2nd hand car?
How age affects depreciation and value. The sweet spot for used car buying is typically between 2-5 years old. During this period, cars have already undergone the sharpest depreciation (about 20-30% in the first year alone), making them significantly more affordable than a brand-new model. The optimum age range for purchasing a used car is commonly recognized as falling between 2 to 5 years old. Within this timeframe, a car has traversed the steepest part of its depreciation curve while still maintaining relatively new and well-maintained conditions.A vehicle older than 8-10 years is cheaper but riskier, as breakdowns might be more frequent depending on its driving and maintenance histories. Cars 15-20 years old are nearing the end of their service lives. While they’re the cheapest to buy, unexpected and costly repairs can upend the lower initial cost.Cars are usually reliable for up to five years if they’ve been looked after. But a well-maintained 10-year-old car could be a better investment than a newer model that hasn’t been cared for as well. Budget is also a major factor. The older the model, the lower the cost.
What is the oldest second-hand car you should buy?
When shopping, is there a best age for purchasing a used car? Cars are usually reliable for up to five years if they’ve been looked after. But a well-maintained 10-year-old car could be a better investment than a newer model that hasn’t been cared for as well. Too old and you’re gambling on reliability. But hit that sweet spot and you get the best of both worlds. The expert says that sweet spot sits firmly at three to four years old, where buyers can capitalise on significant depreciation while still securing a reliable, modern vehicle.
What is good mileage for a 12 year old car?
Generally speaking, a used car with about 12,000-15,000 average miles per year on it is considered average. A general rule of thumb for car mileage is that the average vehicle accrues about 10,000 to 12,000 miles per year. To determine if a used car has good mileage, divide the odometer reading by the car’s age. For example, if you’re looking at a 5-year-old car, a good mileage range would be between 50,000 and 60,000 miles.For Used Cars, What’s the Optimal Mileage to Look For? For the most part, you want to look for low mileage used cars. There’s no rule to how many miles on a used car is too much, but by attempting to stick to the 12,000 miles per year rule is a great place to start.