What is the best age to buy a used truck? | USA-1 Buy Here Pay Here (2024)

FAQs

What is the best age to buy a used truck? | USA-1 Buy Here Pay Here? ›

Opting for a used truck near you that is still relatively young, such as 2 to 5 years old, can provide a balance between cost savings and a vehicle that is likely to have plenty of reliable years ahead. Maintenance and Repair Costs: As trucks age, they may require more maintenance and repairs.

The “sweet spot” for purchasing a used car is between 2 to 5 years old. This is the age range where the car has already gone through the steepest part of its depreciation curve, but it's still relatively new and in good condition.

If your goal is to save on a pre-owned vehicle, it's advisable to seek one that has already undergone most of its depreciation. This entails finding a car that is at least two years old, but ideally between three and four years old.

In reality, there is no concrete answer for this – it all depends on the car. A well-maintained 10-year-old car could possibly be a better investment than a newer model which hasn't been looked after. As a very general rule of thumb, a car is usually reliable up to 5 years providing it has been maintained.

So, how many miles is too many miles for a used truck? Consider trucks under 100,000 miles for gas engines and 200,000 for diesel. Ideally, aim for under 60,000 miles to minimize maintenance concerns. Always check the truck's overall condition and maintenance history for the best value.

Cars over 10 years old can still be reliable. Most vehicles can last well over a decade with proper care and maintenance. In fact, the average car on U.S. roads is now 12.5 years old, according to a study from S&P Global Mobility. Furthermore, a car doesn't really stop depreciating until it hits that 10-year mark.

“I would lean more toward newer vehicles, even if they have more miles,” says Jennifer Stockburger, director of operations at Consumer Reports' Auto Test Center. “And the reason I say that is because there have been so many advances in terms of safety and fuel economy.

The first year faces the most significant depreciation hit to the car's market value, with most vehicles losing about 20% or more of their original value. The loss continues to decline from there. Cars often shed about 60% of their original purchase price within the first five years.

A wary buyer should use as a general rule of thumb that most cars are driven 12,000-15,000 miles per year. If a vehicle is 10 years of age, it should have between 120,000 miles and 150,000 miles on the odometer.

In conclusion, while it's a good idea to consider both the age of a vehicle and the mileage on the odometer, how it was maintained is the key. A 10 year old car with 100,000 miles may have received more maintenance and upkeep then a 5 year-old car with 50,000 miles.

What is too high mileage for a truck? ›

The 100,000-mile mark is often cited as the point at which you should no longer consider purchasing a used truck. But there are plenty of trucks that'll last for a lot longer than this. In fact, it isn't uncommon at all for well-maintained trucks to last between 200,000 and 300,000 miles these days.

30,000 to 60,000 Miles

It's a good idea to sell your car before it hits 60,000 miles if you don't want to spend a lot of money on repairs and replacement parts. During this mileage bracket, your car should be about five years old, meaning it'll still command a substantial amount.

There's no rule to how many miles on a used car is too much, but by attempting to stick to the 12,000 miles per year rule is a great place to start. Find out how old the car is, multiple the number of years by 12,000, and if the number on the odometer is significantly higher than that, some concern might be warranted.

California describes a “classic car” as a vehicle that is at least 25 years old.

Cars older than eight to 10 years will be a riskier option, depending on the driving and maintenance history, while vehicles over 15 to 20 are usually nearing the end of their service lives.

Pick up a bargain before it's too late…

The value of American pick-up trucks from the 1960s and the 1970s has skyrocketed in recent years – and with good reason. Enthusiasts appreciate their simple ruggedness and timeless usability; the ability to haul, tow or go camping is just as important in 2019 as it was in 1969.

Trucks Have More Longevity Today

This means that when you purchase a modern truck, you can expect it to last for at least 10 years and 100,000 miles. With proper maintenance, you can extend those marks significantly, with the average truck being nearly twice as likely to last for 200,000 miles as the average vehicle.