Thinking about buying a car with high mileage? You might be wondering if it’s a good idea or not. While increased mileage on a used vehicle suggests overuse, it doesn’t necessarily mean that you shouldn’t buy one. You can find many acclaimed models like the used BMW 3 Series for sale with high mileage.
High-mileage cars are often more cost-effective vehicles and depreciate far less than new models. That being said, there are risks to buying a high-mileage used car that you won’t find with newer models. This guide will help you understand the role of mileage when buying a used car.
What is the typical mileage?
The commonly held belief is that the average car covers around 10,000 miles a year, but really this number is much lower. The average car covers just 6,800 miles a year. The number of miles a car racks up will depend on how often it is used and how far it travels. You can check a car’s mileage and MOT history online for free of charge.
Whether the vehicle uses petrol or diesel will also affect its mileage. Diesel usually gives you more miles per gallon.
Risks of buying a car with high mileage
Used cars offer a variety of benefits for customers but it doesn’t necessarily mean it is the right choice for you. There are some risks that you should take into account.
Damage and Replacements
While the upfront costs might be cheaper at first, high-mileage cars are more susceptible to damage and this means more replacements in the long run. Low-mileage cars are typically in better condition, so there may be reliability issues in terms of faulty car transmission, oil leaks and other system failures.
This can be frustrating especially if you need your car to get to work or drive your family around. It also might result in more trips to the garage and mechanic bills.
Harder to get finance
If you plan on purchasing your car through finance, high mileage might throw a spanner in the works. Once a vehicle goes over 100,000 miles, lenders may be more hesitant to provide you with funding so you may end up with a deal that results in you paying more money in the long term.
Fewer features
Newer models come equipped with impressive high-tech car features, however, this isn’t the case for high-mileage cars. It’s unlikely that older models will come with the same impressive safety gadgets and features, which can be a deal-breaker for some buyers.
Newer car sooner
As mentioned before, used cars with high mileage are more likely to encounter damage. Some things can be repaired, others can’t. This means you may need to find a replacement vehicle sooner than you would like.
© Copyright 2024 Antonia, All rights Reserved. Written For: Tidylife
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