Question: Should I Buy Old Car Or New?

How many years should you keep a new car?

8.4 yearsThe longer lifespan has been made possible by more reliable mechanical parts.

As the parts have lasted longer and worked more efficiently, cars have needed less maintenance over the years.

According to the automotive research firm and car search engine iSeeCars.com, a new car is kept on average for 8.4 years..

Can you keep a car forever?

Everyone has a story about a good car or bad car, and some emotional reaction to some brand/model or another. But most cars these days are perfectly capable of going forever. Most people don’t maintain or repair promptly, its just a fact.

Is it worth buying a 10 year old 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.

Is buying an older car worth it?

Buying a used car that is too old means the costs of having higher maintenance expenses and a lower resale value outweigh the benefits of the lower purchase price.

What car will last 20 years?

10 Cars That Will Last 20 Years (And 10 That Won’t Last 5 Years)14 Will Last 20 Years: 2018 Toyota Corolla.15 Won’t Last 5 Years: 2018 Fiat 500. … 16 Will Last 20 Years: 2016 Ford F-150. … 17 Won’t Last 5 Years: 2018 Acura ILX. … 18 Will Last 20 Years: 2017 Toyota Highlander. … 19 Won’t Last 5 Years: 2017 Mercedes-Benz CLA. … 20 Will Last 20 Years: 2018 Chevy Bolt. … More items…•Aug 21, 2018

Which cars last the longest?

See the full list of the longest-lasting car brands below:Toyota. Toyota Land Cruiser. Hollis Johnson/Business Insider.Honda. Honda Accord. … GMC. GMC Sierra Denali. … Chevrolet. Chevy Silverado. … Ford. Ford Mustang. … Lincoln. Lincoln Navigator. … Subaru. Subaru Crosstrek Limited. … Jeep. Jeep Wrangler Unlimited. … More items…•Apr 28, 2020

Can I use car after 15 years?

You can re-register your car in states where there is no ban imposed on using cars older than 15 years (10 years in case of diesel vehicles). To do this, one has to approach the RTO (regional transport office) with which the car was originally registered and obtain an NOC (no objection certificate).

Why you should never buy new car?

It’s not fair or right, but new cars depreciate faster than used vehicles. … To put it simply, if you buy a brand new car without a down payment, or if your monthly loan payment isn’t high enough to compensate for depreciation, you could end up owing more than the vehicle is worth.

Which old car is best to buy?

The car is compact, spacious and is an easy to drive hatchback that gives a good fuel economy at a competitive price.Honda City. Price: Rs 2,25,000. … Maruti Suzuki Alto. Price: Rs 80,500. … Hyundai i10. Price: Rs 1,40,000. … Maruti Suzuki Swift Dzire. … Hyundai Santro Xing. … Hyundai i20. … Maruti Suzuki WagonR. … Hyundai Verna.More items…•Mar 18, 2015

At what mileage should I buy a used car?

Really, it depends on a lot of factors but, if in doubt, shoot for the 12,000-mile/year average. Even so, don’t be afraid of cars that are outside of this range, provided the used car in question has been well maintained and there are records to show that.

What is the most reliable 10 year old car?

Most Reliable 10-Year-Old Cars2011 Honda Accord. … 2011 Hyundai Sonata. … 2011 Toyota Camry. … 2011 Scion xD. … 2011 Toyota Corolla. … 2011 Buick LaCrosse. … 2011 Toyota Prius. … 2011 Chevrolet Impala. By 2011, the Chevrolet Impala model had undoubtedly experienced its best days, at least from a sales point of view.More items…

What should I do with my car after 15 years?

As per the norm, cars that are older than 15 years cannot be used. Though they can be transferred to a new state for re-registration, it is a hassle. Instead, one can scrap the car. In India, car scrapping is not an organised activity like the sale of used cars.

Is it bad to buy an old car with low mileage?

Generally OK In general, we think that low-mile used cars are a great decision, even if mileage seems unusually low. In other words, find a 10-year-old car with only 10,000 miles on the odometer, and you’re probably looking at a great buy rather than a wide range of potential problems down the line.

Is it better to buy a new car or keep an old one?

The “50 Percent” Rule. On a purely pragmatic basis, it’s almost always cheaper to keep an existing car running than to purchase a new one. … Given proper maintenance and needed repairs, today’s cars can exceed 200,000 miles.

Is it worth buying a 15 year old car?

Conclusion:- Buying a 15 year old car is not a logical and feasible decision. Buying an old car can be a disaster most of the time. Even the best cars develop problems as they rack up the miles. Parts wear, break down, and ultimately need replacement, following the natural order for cars.

Is 10 years too old for a car?

Around 10 years or so rubber and plastic starts to become brittle. It’s likely that issues with gaskets, hoses, belts and stuff like that will begin creeping up around 10 years. Depreciation slows down around 5 years old. So that 5 to 10 year old area is the sweet spot.

What are the worst used cars to buy?

Worst Used CarsModelYear(s) to AvoidFordF-2502016-2018FordF-3502011, 2016, 2018FordFiesta2011, 2014FordFocus2012-2017117 more rows•Jan 4, 2021

Is a 20 year old car too old?

Twenty year old cars will likely be in pretty good condition, so long as the car spent its life in a salt free state and was maintained and garaged. … Yes, absolutely you can use a twenty year old car as a daily driver, but you’ll need to pay attention to the following areas, they may need work.