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There are many factors to consider when determining whether the mileage on a used car is acceptable. The average vehicle in America is roughly 12 years old, and the average American drives around 13,500 miles per year. This would mean the average car on the road today has somewhere close to 160,000 miles. A best practice would be to buy a used car at least 3-4 years younger than the average, with a correlating 40,000 - 50,000 fewer miles on the odometer.
Yes, it is possible to lease a used vehicle. Although, this will depend on the vehicle you want and the dealership you are working with. Not every dealership will allow shoppers to lease used inventory. When leasing a used car, it is important to negotiate the capitalized cost (the vehicle's total value) just like you would the MSRP if you were purchasing a new car. You'll then want to compare the lease's overall costs to make sure it is a good value versus buying.
The answer to this question depends on your own personal financial situation, as well as the length of time you are going to keep the car and your expected mileage. Generally, suppose there’s a slightly used version of the same vehicle with the features you want. In that case, you will take less of a depreciation hit, as new cars lose value as soon as they are driven off of the lot. Just know that the exact trim, color, or features you want may not be available.
Yes, as long as the used car was sold with a written warranty, whether that is the original manufacturer’s warranty or a warranty from a dealer. It is important to note that, across most states, most used cars are sold “as-is,” especially when buying from a private party. The buyer’s responsibility is to do their due diligence to determine if there are any unacceptable issues with the car.
