What is the best time to buy a used car?
Used cars are usually at their lowest prices from October through December, covering both late fall and early winter. This is a time when demand drops and dealerships aim to move vehicles off the lot. Cars are usually reliable for up to five years if they’ve been looked after. But a well-maintained 10-year-old car could be a better investment than a newer model that hasn’t been cared for as well. Budget is also a major factor. The older the model, the lower the cost.Used cars 5-7 years old typically have lower prices while still having modern features that impact your daily driving experience. They might need repairs every couple of years.
What’s the best age to buy a used car?
The optimum age range for purchasing a used car is commonly recognized as falling between 2 to 5 years old. Within this timeframe, a car has traversed the steepest part of its depreciation curve while still maintaining relatively new and well-maintained conditions. Consumer reports note that while the typical lifespan of a new vehicle is approximately 8 years or 150,000 miles, well-maintained vehicles can surpass 15 years and overcome 300,000 miles.