Is It Ok To Buy A 10 Year Old Car
It's likely that issues with gaskets, hoses, belts and stuff like that will begin creeping up around 10 years. A used car that is two or three years old will already have taken a big depreciation hit, making it a better value.
Even older mini coopers accumulate more than $1,000 a year in repairs on average.
Is it ok to buy a 10 year old 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. They’re often more focused on doing proper maintenance than folks who own other kinds of cars. If you plan to keep it for a long time, a used car may be an even better value.
With a car this old and used it’s likely things aren’t going to be. The chevrolet corvette adds its own specific benefits. On average, a used car will already have lost 20 to 30 percent of its value in its first year and half its value by year three or four.
How high of milage depends greatly on brand, model and maintenance. Seeing a figure of over 100,000 miles on a car that's less than three years old can be. New cars are so reliable that, on average, one could be expected to remain trouble free for years at a time.
If you buy a new car, its warranty means you'll have at least three years (and often far longer) before you have to worry about paying for any major repairs. Around 10 years or so rubber and plastic starts to become brittle. That was a saving of £9,000 on the new list price.
Otherwise, if you plan to maintain it for fewer years, buying an older car with more miles can increase your savings. So that 5 to 10 year old area is the sweet spot. The last thing i want to worry about is my car.
Best synthetic oil products you can buy. Depreciation slows down around 5 years old. Also 200,000km on a 10 year old car is not high kilometres it's about average at 20,000km per year.
But that’s not always the case. Some people will want a benz badly enough to pay more for a used one, thinking a used one is. European car makers fall into an entirely different category.
Interior wear and tear will also likely be an issue on a 200,000 mile. Reliability does depend on the vehicle and how many miles it’s covered. Remember buying an older car with very very low km can also be a problem, if say driven by a granny 1km to the shops and back every second day.
The market is an equalizer. With a new corvette, buyers are on average about 60 years old. The second benefit to purchasing a car with over 100k miles, is that its rate of depreciation is significantly slower than a new car.
Some people will consider a 10 year old mercedes to be a likely money pit, and will either not buy the car at all or only buy it at a very low price. If reliability is your top priority, you probably don’t want to buy a vehicle that’s too old. To maximize your savings, you should buy a younger car with fewer miles if you plan to maintain it for many years.
Buying this car once it’s 2 years old for around $13,000 (after small dealer markup) and keeping it for 5 years then buying another 2 year old car for another 5 (for a total of 10 years of driving): On average, though, it's more likely to be 250,000 km. Typically, the older a car, the lower the price will be.
As a very general rule of thumb, a car is usually reliable up to 5. The engine never gets to warm up it's whole life!