What mileage is too high for a used car?
What mileage is too high for a used car?
What is considered high-mileage? 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 for a used car?
5-year
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.
Does YEAR matter when buying a used car?
While it’s a good idea to consider the age of a vehicle and the number on its odometer, it’s more important to look at how well the owner maintained the car. A 10-year-old car with 100,000 miles may have received more TLC than a five-year-old model with 50,000 miles.
How many miles should a 5 year old car have?
As a general rule, you should assume that the average car owner puts 12,000 miles on a car each year. To determine whether a car has reasonable mileage, you can simply multiply 12,000 by its age. That means good mileage for a car that’s 5 years old is 60,000.
Should I buy old car or new?
Buying a car is not an easy decision. Not only do you have a range of models to choose from, but you also have the option to choose whether to buy a new or a used car….The cost of buying a new car.
| Cost of buying a new car | |
|---|---|
| Loan Amount | ₹5 lakh |
| EMI | ₹10,000 |
| Total amount payable to the bank in five years | ₹6 lakh |
Which is the best car in low budget?
Top Cars Under 5 Lakhs 2021
| Model | Price |
|---|---|
| Tata Tiago | Rs. 4.85 – 6.84 Lakh |
| Renault KWID | Rs. 3.12 – 5.31 Lakh |
| Maruti Alto | Rs. 2.99 – 4.60 Lakh |
| Maruti Celerio | Rs. 4.53 – 5.90 Lakh |
Why you should never buy a new car?
It’s not fair or right, but new cars depreciate faster than used vehicles. To put it simply, if you buy a brand new car without a down payment, or if your monthly loan payment isn’t high enough to compensate for depreciation, you could end up owing more than the vehicle is worth.
