Can you buy a car with 160, 000 miles?
“Generally a ten year old car with excess of 160,000 miles, I generally recommend against ownership.” He’s not the only one. Viraf Baliwalla, a broker for the Automall network, which works with car buyers to help them get a good deal, is weary of high-mileage vehicles.
Is it ever worth it to buy a high mileage used car?
When the need for transportation far outstrips your bank account, you end up looking at the dark-side of the classifieds: the super-cheap, almost 200,000 mile used cars. Is it ever worth it to buy one of these clunkers? Any time you’re considering buying a high-mileage used car, precautions should be taken.
What happens when you put 200, 000 miles on a car?
If the car is old as well, rust is almost unavoidable. Paint chips (caused by natural wear after putting all those miles on a car) can lead to rust quickly, and rust can spread too, so be aware of how much rust you’re dealing with and how much you’re ready to live with. The suspension is another area that needs to be carefully inspected.
Where can I find the mileage of my car?
Carfax is a company that does detailed history reporting on cars. If the car has been in an accident, or the odometer was dialed back, or it had water damage, it will all be listed on the Carfax. The mileage of the car when it was listed for sale is also listed, as well as other interesting details about a used car.
What are the benefits of buying a car with 100K miles?
The second benefit to purchasing a car with over 100K miles, is that its rate of depreciation is significantly slower than a new car. For example, if you buy a 10-year old car with 100K miles on it for $8,000, you may only see it depreciate a thousand dollars per year; maybe even less.
Can a car last more than 300, 000 miles?
While most car pundits claim that a car is reliable if it crosses 200,000 miles, we found cars that went beyond 300,000 miles. Buying a car in a market that is saturated can be overwhelming. A buyer has to consider numerous aspects of a car such as the infotainment system, the engine’s power, and the luxury of the cabin.
What should I expect when buying a high mileage car?
As you’ll find when shopping for a high-mileage car, there’s rarely much price difference between a vehicle with 90,000 miles and one with 120,000 miles.
What kind of car has 200, 000 miles on it?
Toyota 4Runner The midsize truck-based Toyota 4Runner has long been favored among off-road enthusiasts for its rugged nature. An estimated 3.9 percent of those resold in 2019 having registered 200,000 or more miles, with 0.2 percent still going strong after 300,000 miles.
“Generally a ten year old car with excess of 160,000 miles, I generally recommend against ownership.” He’s not the only one. Viraf Baliwalla, a broker for the Automall network, which works with car buyers to help them get a good deal, is weary of high-mileage vehicles.
How many miles can you Drive in a year?
Depending on who you ask, the average miles driven per year is 10,000 to 15,000, with around 12,000 the most common yardstick (most leases allow 12,000 miles per year). So, if you’re looking at a…
Can a 8 year old car have 50, 000 miles?
Likewise, a car that is 8 years old and has only 50,000 miles sounds like a sure bet. But if the owner changed the oil only every other year and neglected other routine maintenance and repairs, the engine and other components might be in far worse shape than the odometer would indicate.
How many miles is too many for an used car?
Depending on who you ask, the average miles driven per year is 10,000 to 15,000, with around 12,000 the most common yardstick (most leases allow 12,000 miles per year). So, if you’re looking at a 5-year-old SUV with 124,000 miles on the clock, should that set off alarm bells? Yes, because the value of any used vehicle is in how many miles are left.