
Buying a pre-owned car with higher mileage can lead to significant savings, but how much mileage is too much? And what exactly counts as good mileage for a used car? You can make things easier on yourself by breaking your options down into several categories:
Let’s go over the worst-case scenario: you’ve financed the purchase of a used car, and it suffers some catastrophic failure before you’re able to pay off your loan. Choosing a used car with good mileage is the best way to avoid this outcome, since major issues become far more likely as a vehicle ages.
For this reason, a used car might not be a good investment if it’s going to have more than 150,000 miles before you pay off your loan. (Most used cars can last for 200,000 miles or more with proper maintenance, but it’s always better to play it safe.)
The average Meridian-area driver puts on roughly 10,000 to 15,000 miles per year, so to continue the example, you should only buy a used car with 100,000 miles if you can pay off the loan in three to four years.
In general, it’s always better to invest in models with lower mileage—after all, you can keep the vehicle for years to come after you finish paying off your loan. That’s why our certified pre-owned vehicles are so popular!
Moreover, paying off your loan as quickly as possible will always result in lower total interest costs over time.
Ultimately, mileage is just one of the factors that you’ll want to consider. Keep these tips in mind while you search Boise and Caldwell for used cars with good mileage:
Whether you’re looking for a used truck or a used SUV, you’ve come to the right place. Our Nampa dealership is easy to reach from anywhere in the area, and you can always expect great service at Peterson Chrysler Dodge Jeep Ram. Let us know what we can do to help you move forward today, or continue your research by reading through more of our car-shopping tips online.
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