Yes, buying a 10-year-old car could be worth the money, as long as it fulfils your needs for functionality, safety, and comfort. Still, you should expect that a vehicle that old will have outdated fuel efficiency and features for safety, driver-assist, and comfort.
The latest NSW research was consistent with national data showing drivers of older cars, made before 2000, were four times more likely to die than those in a new car, said James Goodwin, the chief executive of the independent car safety ratings group ANCAP.
The average mileage a car accrues per year is 12,000 miles. Given that number, the average 10-year-old car should have roughly 120,000 miles on the odometer. You can use these numbers to determine if the car you're looking to buy is considered to have high mileage or low mileage for the age of the vehicle.
A good car is 15,000 km a year, so if you can find a 10-year-old car that has done 150,000 kilometres, that's a good car. On average, though, it's more likely to be 250,000 km. "The amount of kilometres a vehicle has done is actually very important.
When buying a used car that's 10-years-old or older, your primary concerns are purchase price and reliability. Don't pay more than that 10-year-old car is worth. And, pick a car with a solid reputation for dependability. No car is really too old if you follow those rules.
As a general guide, the average mileage of a used car is usually considered to be around 9000 to 12,000 miles. Anything that's driven less than this will be seen as 'low mileage'.
What's the “Sweet Spot” for Used Car Age? In retaining “like new” quality and inheriting a slower depreciation rate, the best used car age for buying is 2-3 years. In fact, Americans are saving up to $14,000 on a 3-year-old vehicle.
Classic vehicles might range in age from 10 to 50+ years old, and the term "classic car" may include vintage, antique, and collector vehicles.
Now, the easiest way to find out how often you need to service your vehicle is to check the owner's manual. Generally, most carmakers suggest a period of 10,000 km or about 12 months, whichever is earlier, but depending on your driving style, you can also inspect your car every 5,000 km to be cautious.
Reliability fades with age
Five-year-old cars record what is considered a major problem every three years, while 10-year-old cars are more likely to face a problem every 18 to 20 months. Once a car is 20 years old, replacement parts will become harder to find and likely much more expensive.
In the past, the average lifespan of a car was significantly lower than it is today. Now, you can expect a standard car to last around 12 years or about 200,000 miles. More advanced vehicles like electric cars can go even longer, up to 300,000 miles.
You can re-register your car in states where there is no ban imposed on using cars older than 15 years (10 years in case of diesel vehicles). To do this, one has to approach the RTO (regional transport office) with which the car was originally registered and obtain an NOC (no objection certificate).
Yes, most older cars are cheaper to insure, especially in terms of comprehensive and collision insurance. Cars lose value as they age, so the potential insurance payouts after an accident drop as well.
A car can lose up to 20% of its value in the first year, and over the first five years fall to around 40% from the original price. That means it loses about 15% of the value each year after the first year.
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. A 10-year-old car with 100,000 miles may have received more TLC than a five-year-old model with 50,000 miles.
What is the max age of a car? Now, you can expect a standard car to last around 12 years or about 200,000 miles. More advanced vehicles like electric cars can go even longer, up to 300,000 miles. Not too long ago, you could expect a car's lifespan to be around eight years and 150,000 miles.
How Many Kilometres Does The Average Car Last? With proper care, cars can last between 200,000 and 300,000 km. The make and model of your vehicle can also be a factor. Here are the top vehicles are known to last over 200,000 km.
A vehicle's age is the key factor in determining car depreciation – that's how much value the car loses over time. The older a vehicle, the less it's worth. Again, this is because it's more likely to need repairs at some point, but also because it will fall behind the standards of newer models.
Often, 100,000 miles is considered a cut-off point for used cars because older vehicles often start requiring more expensive and frequent maintenance when mileage exceeds 100,000.
There is no hard-and-fast rule for how many miles is too little. In general, a used car with low mileage is usually a good decision, even when mileage seems unusually low. There are some signs that could indicate the car hasn't been driven enough.
Mileage is generally a better indicator of the car's condition than its age because while time does take a toll on a vehicle, it is the wear and tear of use that causes the most damage.
Budget is the primary reason why you should consider a 10-year-old vehicle. In its first year, a new vehicle loses almost 20% of its initial dollar value. By the time it is 5-year-old, depreciation eats away 50% of the original price.