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Mileage is one of the main factors in calculating a car's resale value. The higher the odometer reading, the greater the depreciation. A car with more miles will generally sell for less than a lower-mileage example in similar condition. Cars are also meant to be driven, so high mileage can be a good thing, in a way.
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The IRS has announced its 2024 standard mileage rates. Beginning Jan. 1, 2024, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 67 cents per mile driven for.
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A truck with 200,000-300,000 miles is bad in the sense that a good chunk of its lifespan has already been used. However, if you get a high mileage truck for cheap enough then even getting a few months or years use out of it could be worth it for you.
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You needn't worry about high mileage in many cases - but there are certainly some things to think about. 12 Seeing a figure of over 100,000 miles on a car that's less than three years old can.
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The Prius has long been the benchmark for a dependable hybrid capable of lasting 250,000 miles, or more. It remains both a cultural touchstone and an affordable compact car that will last for.
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"Generally a ten year old car with excess of 160,000 miles, I generally recommend against ownership." He's not the only one. Viraf Baliwalla, a broker for the Automall network, which works with.
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The CARS Rule will make it easier to shop around for a vehicle based on the actual price. And the FTC estimates that car buyers will save $3.4 billion per year. The Rule takes effect on July 30, 2024. Stay tuned in the weeks and months to come for more advice about buying a car or truck at a dealership.
I just hit 250k miles last week in my ‘03 325i! This car takes me everywhere, and although it
Why Is Mileage Important? - Find the best car deals! The close relationship between the lifespan of moving parts and mileage is the reason why it's a significant factor in a car purchase. Through regular use, your vehicle's components naturally wear out and need to be replaced over time.
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44 Sort by: Open comment sort options Add a Comment ShandiFallon • 6 mo. ago When buying a used Camry, Corolla, Civic, Accord, or Lexus with high mileage, it's crucial to thoroughly inspect the vehicle's condition and maintenance history. Look for signs of regular maintenance and get a pre-purchase inspection by a trusted mechanic.
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This is another big expense. AAA's report calculates that, on average, vehicle owners will experience a whopping $4,538 loss in value per year — or over $22,000 in five years. This calculation is based on the difference between a new car's purchase price and estimated trade-in value at the end of five years and 75,000 miles.
Should i buy a car with 250k miles? Weighing the Pros and Cons
Fred Hellrich, who lives in Annapolis, Md., says he has had several cars pass the 200,000-mile mark—and a couple of vehicles that made it more than 400,000 miles—everything from a Chevrolet.
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According to Kelley Blue Book, the standard down payment when purchasing a car is 20%. That means if you buy a $40,000 vehicle, you would put down $8,000. Although you don't necessarily have to.
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These Are The Vehicles Tough Enough To Last For 250,000 Miles Or More More From Forbes Dec 13, 2023,12:01pm EST This Is The All Electric Range Rover: First Details Revealed By JLR Dec 13,.
Should i buy a car with 250k miles? Weighing the Pros and Cons
In the past, most car dealerships didn't often deal with vehicles that had more than 100,000 miles on them. Now, cars with 150,000 and even 200,000 or more miles are becoming more common.
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A well-maintained car with high mileage can often be a great deal cheaper than a low-mileage vehicle. It might have many serviceable miles left, especially if the vehicle is known for its longevity. It's worth noting that many modern cars are built to last and can run smoothly well beyond 200k miles if well maintained.
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What car (s) would you be okay with buying that has up to 250k on it? I have a commuter car for work, '97 Neon, but to be honest I don't always 100% trust driving it. Granted, it is 26 years old, and it was free from my father-in-law, but I just feel like I need something more reliable with less issues.