How much is too much mileage on a car?
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.
Should you buy a car with high mileage?
In general, buying a higher mileage newer is better than buying an older car with less miles. On top of that, cars are meant to be driven so cars with higher mileage tend to last longer because car tends of lubricate itself more often and burns carbon build up which are all helpful for a long lasting engine.
Is 40000 miles too much for a used car?
In most cases, the first service for a used car is usually between 30,000 and 40,000 miles; by the 70,000-mile mark, the service visit is usually more expensive and might require more work, such as changing the timing belt, according to Edmunds.
Is buying a car with 40k miles Bad?
Generally, it is not but it really depends on what you’re trying to get. For some luxury cars like BMW & Mercedes Benz, 40k might be a lot because of maintenance and they may be out of warranty. If you’re talking about something like a Toyota or Honda, that’s nothing.
How much is a$ 20, 000 car worth?
A $20,000 car will be worth about $8,000 in five years. [ 1] That’s a 60% decrease! Even after just one year, the car could go down in value as much as 25%. So unless you have a net worth over $1 million, don’t buy new—ever. Let someone else absorb the depreciation.
Is it worth it to buy a car with 200, 000 miles?
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?
How many miles per year should I depreciate my car?
As a result, it makes sense to be mindful of fuel economy when you’re car shopping. The number of miles you drive will also factor in. The fewer miles on the car, the better your odds of trimming your depreciation. A good rule of thumb is 10,000 miles per year.
What’s the average cost of a car repair?
And your estimated repair is $1,000. We’ll say for this example that the repair will bring the value of your car up to $6,000. That may not be the case in every situation, depending on the overall condition of your car and the type of repair.