Where is the best state to buy a used car?
Delaware, New Jersey, and Pennsylvania have the cheapest median used car prices. Alaska, Arizona, and Wyoming are the most expensive states to buy used cars. Used car prices correlated with mileage—higher prices were associated with lower-mileage vehicles. Alaska is the state with the most expensive used cars with an average price of $29,656, which is 20 percent higher than the national average. Trucks are the most expensive vehicle type among Alaskan drivers, with an average price of $40,133. Of the top 5 states with the highest used car prices, four are Western states.
What’s the most reliable used car to buy?
Consumer reports’ recent ratings of the most reliable used car brands lists lexus, toyota, mazda, acura and honda in the top five. One new study finds that some five to 10 year old used cars offer much better value and longer lifespans than ever before. If any one would have a chance, it would be toyota, another said. Honestly, quite a few different generations of cars, [different] makes and models, but the most common you usually see is honda or toyota, another added. Toyota’s reliability has become the stuff of legend in the auto industry.According to a recent study by Consumer Reports, Toyota and Lexus were the most reliable vehicles in 2022. After Japanese cars, BMW was ranked third, while Mercedes’ reliability was rated the lowest.Subaru, Lexus, and Toyota lead our reliability ratings, with GMC, Cadillac, and Rivian ranking last. Plus, an analysis of new hybrids, EVs, and PHEVs. An unreliable vehicle can become a long-term financial headache.Hyundai Reliability — According to the J. D. Power 2022 U. S. Vehicle Dependability Study, Kia was the highest-ranking manufacturer for reliability in the US, with the least amount of issues per 100 vehicles. Hyundai is close, winning the bronze, but for the current model year, Kia takes the gold medal!
What is the oldest second-hand car you should buy?
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. Buying a second-hand car that is up to five years of age might be preferable. Nonetheless, it also depends on the car’s condition, how it was being maintained, history of accidents, kilometers driven, etc. With all the servicing procedures pursued properly.The optimal time to purchase a used car is typically between 2 to 5 years old. Within this age range, the vehicle has already experienced the most significant depreciation, yet remains relatively new and in good condition.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.Many banks and most credit unions will consider loans on older used vehicles. Guidelines vary, but national banks generally place a threshold at 10 model years and 125,000 miles or less. Credit union policies span from the same 10-year limit to 15-20 years or even no formal age cap.