Should You Buy a Car with Over 100k Miles?

March 25th, 2021 by

For many people, buying a car can be one of the most overwhelming and stressful things they can experience. However, the good news is investing in a car should not be a nightmare. There are ways to make sure you get the best out of the whole experience. If you are considering investing in a high-mileage, 100k-mile car, you may wonder if you should go for it. Our New Jersey pre-owned auto professionals from Apollo Preowned Auto invite you to keep reading as we discuss whether you should invest in a car with over 100,000 miles.
Is it Safe to Invest in a 100k Mile Vehicle?
Buying a vehicle is a very serious decision that requires careful planning. For most people, getting a high-quality car means buying a brand-new, zero-mile car. However, getting the latest model may not be feasible for many potential car buyers. Every year, thousands of people decide to invest in a used vehicle. While investing in a used car is a good idea, many people still doubt their return on investment.
There are thousands of options available to those looking to buy a high-quality used vehicle. Some of these cars have a high-mileage count. A high-mileage vehicle is one with a reading of 100,000 miles or more on their odometer. However, does this mean buying a 100k-mile car is bad? Most modern vehicles are built to last well over this type of mileage. Decades ago, vehicles that reached the 100k-mile milestone could be considered a risk for some. However, modern manufacturing techniques and designs have made it possible for most cars to practically double the 100k-mile mark.
Investing in a 100k-mile car shouldn’t make you feel uneasy or doubtful. Used vehicles are always checked and assessed to make sure they are reliable and ready to take on the road. You can always check with our New Jersey pre-owned auto sales professionals and ask any questions you may have about our high-quality pre-owned auto.
Why Should I Buy a Car Over 100 Thousand Miles?
We have already established the fact that used vehicles – especially those with high mileage – are checked and assessed. This is something that should be done following existing pre-owned car industry guidelines. Additionally, an excellent New Jersey Used car dealership can go the extra mile and make sure your vehicle goes through a bumper-to-bumper check-up, which is something we do to all of our cars at Apollo Preowned Auto. Nevertheless, this is not the only reason why you should buy a high-mileage car.
Lower Price Point
One of the most important things to consider before buying a used car is its price. Let’s be honest; most new cars’ asking prices are sky-high, often forcing people to get into significant debt. However, this should not be the only way to go; in fact, it is not. This is why buying a high-mileage car is so appealing for so many. Compared to a brand-new vehicle, 100k-mile cars cost significantly less, allowing you to invest in a high-quality vehicle, without breaking the bank. Some potential car buyers can even save up some cash and pay their vehicle on purchase day. This can provide you with the unique opportunity to get the car you want without worrying about having a massive debt.
Lower Depreciation Rate
One of the most interesting facts about new vehicles is that they can lose up to 30% of their original value in their first year. This is known as depreciation or loss of value over time. It is safe to assume you wouldn’t make an investment with a depreciation rate of 30%, so why would you invest in a new car that may cost a lot and depreciate as soon as you leave the dealership? A high-mileage car can lose value, but at a significantly lower rate than a new vehicle. For instance, a 10-year-old car’s depreciation rate can be close to $1,000 per year. This means you can get a high-quality car that can hold its value. Moreover, you can take advantage of this fact if you think about re-selling your car in the future. Apollo Preowned Auto can help if you are looking for a high-quality, 100,000-mile car in New Jersey or its surrounding areas.
As we mentioned, it is not uncommon to see used cars go way over the 100k-mile mark. This is also possible thanks to advances in engineering and the constant competition among car manufacturers. Additionally, an experienced Berlin pre-owned auto dealership can make sure the car of your choice is reliable and safe to drive. Investing in a high-quality used car makes sense and can provide you with the unique opportunity to get the car you want at an excellent price.
What Should I Do to Buy a Car Over 100K Miles?
Preparation and careful planning are essential to buying a high-mileage car. There are different things you need to consider before going to your Gloucester pre-owned auto dealership of choice. Budgeting, researching, and looking for financing can significantly impact your overall experience. All of these things should be carefully considered and planned out to make the most out of your experience. Moreover, it would be best if you tried to go to a dealership that understands what you are looking for and provide you with it. At Apollo Preowned Auto, we can help you get the high-quality, 100k-mile car you want at an excellent price.
Preowned Auto Dealership Selling High-Quality 100,000-Mile Vehicles in New Jersey
If you or a loved one is looking to buy a high-quality 100K-mile car in New Jersey or surrounding areas, we can help. For decades, our pre-owned auto sale professionals from Apollo Preowned Auto have proudly served thousands of customers get the car they need. Thanks to our decades of experience, we can guide you through the entire car-buying process and make sure you get the car you want. In addition to amazing vehicles, we can also provide you with excellent services, including oil changes, bodywork, car part orders, among others. To learn more about our services, call our office today at (856) 347-5091.
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