What mileage is good for a used car?

What Is Good Mileage for a Used Car? Mileage will vary between vehicles, but a decent rule of thumb to follow is that people drive an average of about 12,000 miles a year. Therefore, 120,000 miles would be a good mileage for a used car that’s about 10 years old.

Subsequently, Is 7000 enough for a used car?

So, when pressed, I would say spend up to 35% of your annual income on a car. This covers most bases. If you only earn $20,000 a year, it gives you a budget of $7,000. That’s not a lot, but it’s definitely enough to buy an older, yet still reliable, used car.

then, What used cars NOT to buy?

30 Used Cars Consumer Reports Gave the ‘Never Buy’ Label

Chrysler Town & Country. Chrysler’s new minivan will hopefully rate better than Town & Country. …
BMW X5. 2012 BMW X5 | BMW. …
Ford Fiesta. Compact cars by Ford had a bad run between 2011 and 2014 | Ford. …
Ram 1500. …
Volkswagen Jetta. …
Cadillac Escalade. …
Audi Q7. …
Fiat 500.

Thereof What mileage is bad for a used car? It can be somewhat risky to buy a vehicle that has racked up more than 100,000 miles. Even if it’s well-maintained and has about 100,000 miles left in it, such a car is already past its prime. Generally, vehicles are likely to start experiencing problems after the 100,000-mile mark.

Is it bad to buy a car with over 100K miles?

No, in most cases, buying a car with 100K miles is not a bad idea. In fact, there are a number of benefits to buying a high-mileage car. For example, cars with 100K miles cost less to purchase, register, and insure, all while depreciating slower than low-mileage cars.

17 Related Questions Answers Found

What car can you afford with 60k salary?

How Much Should I Spend on a Car If I Make $60,000 a Year? You should spend no more than half of your yearly salary on a car, so if you make $60,000 dollars per year, you should buy a car that costs $30,000 or less.

How much will a dealership come down on price on a used car?

According to iSeeCars.com, used car dealers cut the price on the average vehicle between one and six times over that 31.5 day listing period. The first price drop is significant — the firm says that the price drops, on average, by 5% the first time the dealer rips the old sticker off the car and pops a new on.

What is the most reliable used car brand?

Most Reliable Car Brands

Lexus (81)
Porsche (86)
Kia (97)
Toyota (98)
Buick (100)
Cadillac (100)
Hyundai (101)
Genesis (102)

What’s the worst car brand?

The Automobile Study 2020-2021 is part of a much broader set of studies that query 500,000 people on 400 companies across 56 industries and sectors. The car brand with the lowest score was Chrysler at 70, down 4% from last year.

What are the 10 worst used cars to buy?

The Worst Used Cars You Can Buy, According to Consumer Reports

2012 Jeep Wrangler.
2011 BMW 3 Series.
2008 Mazda 5.
2010 Dodge Challenger.
2016 Toyota Tacoma.
2009 Mini Cooper Clubman.
2008 Ford F-350.
2013 Tesla Model S.

At what mileage should I sell my car?

Selling before the 60-to-70,000-mile mark is a good idea, since that’s often when warranties expire and when expensive fixes start becoming necessary. Sell a car before this mileage marker and you can ask for a higher price.

Should I buy a car with 150K miles?

Many modern cars with 100K-150K miles are in great condition and will easily go another 100K. However, if a car has not been maintained properly and has been driven hard or previously wrecked, it can be junk with only 30K miles on the odometer.

What is the best high mileage car to buy?

10 Best Cars for High Mileage Driving

Honda Accord.
Toyota Camry.
Subaru Outback.
Toyota Avalon.
Nissan Maxima.
Subaru Legacy.
Honda Civic.
Toyota Prius.

Should I buy a car with 120k miles?

The average ten-year-old car should have around 120,000 miles on the odometer, anything significantly more or less could indicate trouble brewing. … These cars, as well as those of real estate agents and travelling sales representatives, are usually well-maintained and kept in good repair.

What car can I afford with a 50000 salary?

Dave Ramsey takes a balance sheet approach. Rather than looking at monthly transportation costs, Dave recommends buying cars that cost no more than 50% of your annual income. So if you make $50,000 a year, you should not spend more than $25,000 for a car(s).

Is 60k miles a lot for a car?

Theoretically, a vehicle that has covered more miles has more wear and tear, but a car with 60,000 miles on the odometer can easily be in worse shape than one with 120,000 miles. … Overall, a high-mileage vehicle that is driven frequently and has been well-maintained will be a more reliable bet.

How much car loan can I get on 50000 salary?

Car Loan Interest Calculator – Impact on EMI

So, if you opt for a vehicle loan of ₹ 5 Lakhs at 10% flat rate of interest for a period of 5 years, the EMI will be ₹ 12,500. Here, the total interest per year will be 500,000* (10/100) = 50,000. Thus, total interest in 5 years = 50,000 * 5 = 250,000.

Why you should never pay cash for a car?

If you tell them you’re paying cash, they will automatically calculate a lower profit and thus will be less likely to negotiate a lower price for you. If they think you’re going to be financing, they figure they’ll make a few hundred dollars in extra profit and therefore be more flexible with the price of the car.

What should you not say to a car salesman?

10 Things You Should Never Say to a Car Salesman

“I really love this car” …
“I don’t know that much about cars” …
“My trade-in is outside” …
“I don’t want to get taken to the cleaners” …
“My credit isn’t that good” …
“I’m paying cash” …
“I need to buy a car today” …
“I need a monthly payment under $350”

What is a lowball offer on a used car?

A low-ball offer might offend them since it’s their beloved car they’re selling. A common opener is to ask them, “What’s your best price?” This is an invitation for them to negotiate against themselves and lower the price a little. If they drop the price a bit, you can then come back with an even lower offer.

What is the number 1 most reliable car?

What are the Most Reliable Car Brands for 2021?

Mazda: Mazda bested Lexus and Toyota in Consumer Reports’ reliability rankings for the second year in a row. …
Genesis: …
Buick: …
Lexus: …
Porsche: …
Toyota: …
Honda: …
BMW:

What is a good used car to buy?

Read on to see seven of the best used cars you can buy.

Hyundai Sonata. Hyundai. A brand new Hyundai Sonata has a base MSRP of $22,500. …
Kia Rio. Kia. …
Toyota Corolla. Toyota. …
Volkswagen Jetta. Nam Y. …
Subaru Crosstrek. Subaru Media. …
Kia Soul. Kia. …
Ford Focus Electric. Ford.

Is Fiat a bad car?

It has a reliability index of 86 and its average repair costs are much lower than other Fiat models. … So despite the Fiat 500L being named one of the most unreliable car models by Consumer Reports, Fiat are pretty reliable.