What is high mileage for a 5 year old car?
To determine whether a car has reasonable mileage, you can simply multiply 12,000 by its age. That means good mileage for a car that's 5 years old is 60,000. Significantly more or fewer miles could indicate a problem or trouble in the future.
In general, the average mileage on a car is assumed to be between 12,000 and 15,000 miles per year, according to AARP. That means you can expect a 5-year-old car to have between 60,000 and 70,000 miles on the odometer.
A car that is six years old should have around 90,000 miles.
As a very general rule of thumb, a car is usually reliable up to 5 years providing it has been maintained. But if you look at the older car market, you're likely to get a model at an even lower cost.
Since there are so many factors that can have a negative effect on your vehicle's gas mileage, maintenance is key to the engine's performance, and vehicles were built differently in the past than they are today – we're going to say that “gas mileage drops as a vehicle ages” is a myth!
The more miles a car has driven, the more likely it is that it'll need some repairs or parts replacing. 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.
What is considered high mileage on a car? 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's no hard and fast rule. However, according to the United States Department of Transportation's Federal Highway Administration 2019 data, the average car owner puts about 14,300 miles annually on their vehicle. So for a car that's four years old, you might reasonably expect it to have around 57,200 miles.
What is considered high-mileage? Typically, putting 13,000 to 14,000 miles on your car per year is viewed as “average.” A car that is driven more than that is considered high-mileage. With proper maintenance, cars can have a life expectancy of about 200,000 miles.
What's the Average Life of a Car? 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.
How long does the average person keep the same car?
Americans own their longest-kept cars for an average of about 8 years. In our sample, 64% have only owned their current cars for 5 years or less. 80% of Americans considered cost before buying a new car. Top factors that Americans consider before purchasing a new car are cost, fuel economy, maintenance and performance.
The average mileage for a used car, by age
On average, a car should have around 10,000 miles per year. So, for an easy way to calculate how many miles on a used car is too much, just multiply its age by 10,000. For example, a five-year-old car would ideally have 50,000 miles or less on its odometer.
Buying a five–year–old car may be an even better option. You won't get the latest features, but it won't lose so much in value. And you won't be shelling out so much each month on interest to repay a loan. But it's only better value if your mileage is low – under 10,000 miles a year.
Meanwhile, a five-year old car may potentially have a few small marks on the bodywork and several signs of wear inside, though it should still feel fresh and up to many more miles to come.
In fact, it is advisable that you replace your pre-owned car within 3 to 5 years depending on its age and condition. And here are 5 reasons as to why. Buying a used car is a smart and economical choice. Ideally you should replace a used car after 3-5 years.
#1: Your car needs pricey repairs
Those frequent visits to the mechanic can add up quickly, and could even exceed the value of your vehicle! If your car needs major repairs, such as engine or transmission work, seriously consider if it's worth spending the money or if you're better off moving on to your next vehicle.
A used 2016 car should have around 72,000 miles.
In general, buying a higher mileage newer is better than buying an older car with less miles. The reason for this is simple: parts in a car, especially the rubber components deteriorate over time, regardless of mileage.
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. For example, a car that may have cost you $30,000 when new would cost around $16,000 after just 3 years.
- 'I love this car. ' ...
- 'I'm a doctor at University Hospital. ' ...
- 'I'm looking for monthly payments of no more than $300. ' ...
- 'How much will I get for my trade-in? ' ...
- 'I'll be paying with cash,' or 'I've already secured financing. '
At what mileage do cars lose value?
Above 100,000 Miles
Your vehicle will be less desirable to car buyers if it has more than 100,000 miles on it, even if it continues to run well. Vehicles with overly high mileage are more likely to require expensive repairs, which makes them a risky investment.
High Mileage Used Cars Can Be a Great Choice for Your Budget
If you're looking at used cars, know that cars with high mileage can still be dependable. A lot of times these cars are in great working condition from reliable manufacturers and may need a few parts replaced or scheduled maintenance.
Seeing as the average driver covers about 12,000 miles a year, you'll want to see the following: About 60,000 miles on a 5-year-old car. About 84,000 miles on a 7-year-old car. About 108,000 miles on a 9-year-old car.
One of the best reasons to buy a car with 100K miles or more, is that cars have become more and more reliable. It has gotten to the point where it's common to see cars running well past the 200,000-mile mark. That means a car with 100,000 miles on it, would last you more than 6 years if you drive 15,000 miles per year.
Experts recommend keeping car payments to less than 10 percent of monthly take-home income. This figure is the amount that an individual receives after taxes and other expenses (like health insurance) are deducted from the paycheck. However, some consumers might find they can spend much less than 10 percent.
...
Longest-Lasting Car Brands.
| Longest-Lasting Car Brands to Reach 200,000 Miles- iSeeCars Study | ||
|---|---|---|
| Rank | Model | % of Cars Over 200k Miles |
| 1 | Toyota | 2.0% |
| 2 | Honda | 1.6% |
| 3 | Chevrolet | 1.5% |
Toyota earns the top spot as the best automaker for dependability. Toyota vehicles are known for their longevity, and they are proven to last longer than any other brand. Toyotas are built so well they have below-average maintenance and repair costs, which helps contribute to why they remain on the road for so long.
Research shows that people have been keeping their cars longer in recent years because of the new car prices.
"While the average new car buyer holds onto their car for 8.4 years, there is a wide variety of cars that owners are more likely to keep longer," said iSeeCars CEO Phong Ly.
If a car is less than five years old and has more than 3-4 owners, you should definitely consider that as a red flag and avoid that car. Moreover, multiple owners of a single-car make paperwork and maintenance status much more difficult.
Is it OK to buy a car with 50000 miles?
The first reason you should buy a car with 50,000 miles or less is that you don't want to pay for the upkeep of a used car that has high mileage. If the vehicle has been driven 75,000 miles or more, you will be paying for regular maintenance and repairs.
What Is the Used-Car Sweet Spot? It's the period after the vehicle's first — and most significant — depreciation and the second steep depreciation, which comes around the fourth year. This pattern is fairly consistent across all vehicles.
AFTER FIVE YEARS: After that steep first-year dip, that new car will depreciate by 15–25% every year until it hits the five-year mark. So, after five years, that new car will lose around 60% of its value.
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.
Be Cautious With Anything Older Than 12-15 Years Or 150,000 Miles. Now that we have the variables out of the way, it's time to dive deeper into what “problems” your car can run into as it ages and accumulates miles.
Most manufacturers recommend that your vehicle is serviced once a year or every 12,000 miles, whichever comes first.
A conventional car can last for 200,000 miles. Some well-maintained car models will reach 300,000 or more miles total. The average passenger car age is currently around 12 years in the United States. Choosing a well-built make and model can help extend your car's longevity.
The average mileage for a used car, by age
On average, a car should have around 10,000 miles per year. So, for an easy way to calculate how many miles on a used car is too much, just multiply its age by 10,000. For example, a five-year-old car would ideally have 50,000 miles or less on its odometer.
There's no hard and fast rule. However, according to the United States Department of Transportation's Federal Highway Administration 2019 data, the average car owner puts about 14,300 miles annually on their vehicle. So for a car that's four years old, you might reasonably expect it to have around 57,200 miles.
What is considered high-mileage? Typically, putting 13,000 to 14,000 miles on your car per year is viewed as “average.” A car that is driven more than that is considered high-mileage. With proper maintenance, cars can have a life expectancy of about 200,000 miles.
What is the expected lifespan of a car?
What's the Average Life of a Car? 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.
A conventional car can last for 200,000 miles. Some well-maintained car models will reach 300,000 or more miles total. The average passenger car age is currently around 12 years in the United States. Choosing a well-built make and model can help extend your car's longevity.
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. For example, a car that may have cost you $30,000 when new would cost around $16,000 after just 3 years.
How many miles should a 2016 car have in 2022? A used 2016 car should have around 72,000 miles.
While there's no specific definition, low mileage is generally considered 15,000 miles or less. The good news about low-mileage cars is that they are typically in better mechanical condition and may last longer than cars with higher mileage, provided that you adhere to a basic maintenance schedule.
A good rule of thumb is to employ the so-called “50-percent rule.” When repairs cost 50 percent of what your car is worth, it's time to replace.
