What’s the best age to buy a second hand car?
What is the best age for a used car to buy? If you want the best balance of cost and dependability, a used car that’s 2-5 years old is usually your best bet. Here’s why: A car loses most of its value in the first 2-3 years, so buying nearly new avoids the steepest depreciation. If you go out to 10-year-old cars, the winner is the Nissan Leaf, with an average list price of $5,675 and an expected remaining lifespan of 5. The price per remaining year is $1,108. But the best 10-year-old used car may be the Tesla Model S.
What’s the best age to buy a used car?
The Sweet Spot: 3-5 Years Old 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. 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.