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When buying a used car, people tend to have difficulty gauging the value of the car. Sure, a second-hand car will be easier on your wallet than a brand-new car, but how do you judge whether the used car is worth the money you pay? After all, there’s not much you can see on a used car other than the car’s appearance and the mileage on the odometer. It’s not possible to see the kind of repairs and maintenance it has gone through or the places it has been. So, how do you judge whether a used car is the right one for you? How many miles should it have or not have?
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The general rule of thumb to calculate a reasonable mileage is to assume that car owners drive at least 12,000 miles each year on average. That is,
Number of miles x Age of the car = Reasonable mileage
This means that if you are getting a car that has been used for eight years, the reasonable mileage on the car should ideally be:
12,000 x 8 = 96,000
This means that if the car has considerably fewer or higher miles than 96,000, it is highly likely that the car is facing some problem. However, it is essential to remember that mileage is just one factor in this equation.
You need to keep in mind several other factors before buying a used car, which might change the way you look at the mileage. For instance, has the car been with a single owner or many owners? Is the car a highway car, or has it been driven around roughly in the city? Are you getting a rental car as a second-hand car? Answering these questions might help you gauge whether the mileage that you see on the odometer is a good reading or not.
As we have already mentioned, mileage is not the only factor that comes into play when judging a used car’s tax value. This is why it becomes challenging to get an exact figure of what would be “too many” miles on a used car.
For example, think about a ten-year-old sedan that has 90,000 miles under its belt. Going by the mileage, it seems like a pretty good deal, doesn’t it? However, if this sedan has been around 4 – 5 owners previously, then it’s advisable to stay away from it. This is because it is implausible that all previous owners would have maintained the car with the same rigor and diligence that a single owner might have put in. This means that even if it has a lesser mileage under its belt, this sedan is ready for a scrap.
Just as we can’t tell how many miles on a car is “too much,” we can’t really say how many miles is “too little.”
Take, for instance, a used car that has been with the previous owner for ten years. Now, the average mileage it should have gone through is 120,000 miles, but the odometer shows 30,000, and the car looks to be in excellent condition. In this case, it wouldn’t be wise to pass up on this car merely based on the mileage. This is because such a car is likely to have been regularly maintained in a garage, which means that it’s actually a brilliant deal.
A lot of people shopping for used cars tend to pass up on cars that have higher mileage. However, this might not be such a great idea. There are several reasons behind this. Technology has advanced over the years, which means that cars today last much longer than they used to. A used car is also not likely to depreciate as much as a brand-new car would, which means that the car’s high mileage has flattened the depreciation curve.
It’s also important to remember that a car with a higher mileage means that it has been driven enough for regular fluid changes and the burning of carbon build-up to have taken place – something which you will not see in a car with low mileage.
Not necessarily. When looking at the mileage of a used car, it would be better to see how much mileage you are more likely to get out of the car than how much mileage the car has already gone through. To do this, you would need to consider the age of the car.
The average life of a car in the US is 12 years. This means that if you are buying a used car that is five years old, with 50,000 miles under its belt, then you are left with nearly seven years of driving. If, like the average car owner, you tend to put in 12,000 miles a year, then you are left with 7x 12,000 miles which are 84,000 miles. As such, despite the 50,000 mileage on the car, it is likely to be a decent buy, especially if it has been maintained regularly.
Mileage and age don’t often go hand in hand. That being said, when purchasing a used car, it’s better to make a judgment based on the mileage that the car has already put in, rather than just looking at how old the car is. This is because the car’s mileage affects the suspension and the engine the most, which means that the service life of a used car is highly dependent on it. This is why you might notice a 6-year-old car with a mileage of 100,000 going for a higher price than a car that’s ten years old with a similar mileage under its belt.
It wouldn’t be wise to compare two vehicles with the same mileage reading on the odometers without first knowing the kind of mileage the cars have gone through. For example, if one of the cars has been driven on highways or less congested areas, it is likely to be in better condition than one driven around, mostly in congested areas with slow-moving traffic.
Another essential factor that you need to consider is how dedicated the previous owner was when it came to repairs and maintenance. It goes without saying that a well-maintained car with regular servicing would be in better condition than one with the same mileage that hasn’t been regularly maintained.
As you can see, it wouldn’t be wise to go by the mileage alone when purchasing a second-hand car. This is why it would be a good idea to have a detailed vehicle history drawn up for the car or have a used car technician take a look at it before you make the decision.