Used Car Mileage Vs Age Reddit

While the total mileage depends on the age of the vehicle, the standard estimation is 12,000 miles per year. What is a good mileage for a used car?

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But in the used car world, you might find a few surprises that might leave you scratching your head.

Used car mileage vs age reddit. It could mean extra and unexpected costs. This thing has only seen 50,000 miles, and by the looks of things, they were all highway miles. Mileage may seem like the easy way to discover a car's condition.

Now, as noted, if you’re planning to keep the miles low once you own the car, you might get most or all of your initial money back when you sell it, particularly if the car has a strong following. The only problem is it's rather vanilla and blends in with other cars on the road today. To put those numbers in perspective, let’s say tony takes out an average car loan ($31,722) with an average monthly payment ($545) for the average loan term (69 months) and keeps the truck all the way through the end of the loan.

Many are reluctant to hold on to a car for 100,000 miles or more. The mileage of a car used for regular commute and occasion long drives is likely to hover around 12,000 miles. Well, the factors that determine value are mileage, age and condition.

In some cases, you can be fine buying a used car with 150,000 or even 200,000 miles on it, because maintenance helps them last far beyond what many people have come to expect. The only major difference between these two vehicles is age and milage. Extreme examples of high mileage.

How many miles should a used car have? Even older minis ring up more than $1,000 a year in repairs on average. The idea of driving the same car for that long worries them.

The mileage of a car, however, is an independent variable that is not directly correlated with vehicle age. Let’s assume you need a new work truck. But a seller’s market is a seller’s market — you are.

The average new car loan is $31,722 with a monthly payment of $545 over an average loan term of 69 months. By the end of the first year, mileage and wear and tear could bring that to 30%, or $9,000. When considering mileage on a used car, don’t take it at face value.

The more miles a car has, the more likely it is to need repairs and maintenance. All your data supports the conclusion that used cars depreciate less with age, so buying an “old” used car is a better financial decision than buying a “young” one. If the car has 100,000 miles on it, that’s still nearly four years of driving to get to the average.

5 that’s almost six years of $545 car payments. The question is nothing to do with which is a better deal, so just assume both are priced fairly. The average american drives about 13,500 miles per year.

European car makers fall into an entirely different category. By the end of the first year, says carfax, that same average new vehicle will have lost $7,222.66 in value. Be cautious if a used car is nearing a service milestone but hasn’t been taken in by its previous owner.

Yes, in just one minute, a $30,000 car will lose $6,000 as you gleefully drive off. Depending on who you ask, the average miles driven per year is 10,000 to 15,000, with around 12,000 the. Few dealerships are willing to take on a car that age, and despite the shortage of used cars, that doesn’t appear to be changing.

If you multiply that by the number of years in a car’s age, you can get a rough idea of how many miles is normal for any given car, and compare that to the mileage on that car’s odometer. For those who care less, the toyota camry is a worthy sedan that'll stand the test of time. As carfax points out, there's a reason it's one of the bestselling cars in the u.s.

Even older mini coopers accumulate more than $1,000 a year in repairs on average. This raises the question of whether buying a used car with unusually low miles on it can lead to problems down the road. Car a is a 2013 with 40,000km (25k miles) on it and car b is a 2017 with 80,000km (50k miles) on it.

Let’s look at a few examples to give you a better idea of how mileage stacks up against age.

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