Tips On Buying A High Mileage Used Car
When people decide to buy a used car they should definitely pay attention to its mileage, because that says something about the car’s quality and price point. By definition, a high mileage car is a car that has more than 100,000 miles on board or a car that has an average mileage of 30,000 miles per year. For example, even a two-year old car can be considered a high mileage car if it has more than 60,000 on board.
When you walk in a dealership you should know that a high mileage car is not that easy to get financed and the dealer won’t buy one for a good price, because the dealer will consider the mileage and lower the price accordingly. High mileage cars are great deals when they are modern versions, because the modern makes and models are known for the little maintenance they require even after being driven 200,000 miles. In addition, the one driving the first 100,000 will be paying more money than the one who drives the last 100,000, because of the faster depreciation which occurs during the car’s first years.
Having cleared some vital information about high mileage cars, I can now provide you with some tips that will certainly help you buy a reliable car even if it’s high mileage. First of all, if you decide to buy a high mileage car, you should be prepared to pay in cash. That’s because the main reason of buying such a car is the lower price. If you’re comfortable with the idea of a car loan you should better start looking for a low mileage car.
Another tip I can give you and that refers to high mileage used cars is that you should look for makes and models that are known all around the world for their impressive reliability. A Toyota, a Honda, a Volvo or a genuine American car are most of the times easy to find in a good condition even as high mileage vehicles. It’s recommended to look for higher end models, because the owners of such expensive cars also invest money in maintaining their purchase in a great condition.
High mileage used cars can be found in dealerships, but also available for sale from private sellers. You can certainly have more confidence in a private seller rather than in a used car dealer, because you can see from the start how well was the car maintained. You just need to take a look at the tires, the interior and the paint. If those look well taken care of, you can be more confident that the interior components are in a condition as good. Another advantage is that you can ask the private seller to allow you to have a look at his car’s maintenance records.
When you buy a high mileage car, you should also test drive it. You need to make sure it properly accelerates and it’s safe to drive on the highway. If you don’t have much experience with cars, you should ask a more experienced friend or a mechanic to accompany you, because otherwise you won’t be able to determine if the car has any hidden problems.
A last tip I can give you on buying a high mileage used car is related to the price negotiation. When you find a car you like, you should consult the Kelley Blue Book in order to make sure you aren’t being tricked. You should expect to discover a positive difference between the private seller’s price and the car’s book price because it mostly depends on the car’s condition.
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