The Advantages of Buying a Used Car with Low Mileage

Posted Thursday, Apr 27, 2023

The Advantages of Buying a Used Car with Low Mileage| The Internet Car Lot

If you are in the market for a used car, deciding which one is the best fit can be overwhelming. Fortunately, there's no need to make an uninformed decision without considering all your options!

One of the most beneficial features you can find when researching potential vehicles is low mileage – and luckily, there are tons of advantages that come with buying a car with minimal miles on it. Keep reading this blog post for information about what buying a used car with low mileage could mean for you!

6 Reasons Why You Should Buy a Used Car with Low Mileage

1. Lower Purchase Price

A lower purchase price is undoubtedly a major consideration when purchasing a car. Fortunately, buying a used car with low mileage can provide you with exactly that. Not only can you save money, but you can also potentially get a vehicle that is in excellent condition with many years of life left.

Let's suppose you are looking to buy a 2018 Toyota Camry. Buying a brand-new one will cost you around $24,970. But a used car with only 10,000 miles can save you a lot of money. You can get the car for around $18,000. That's over $6,000 in savings on the original cost.

A used car with low mileage could only be a couple of years old but save you thousands of dollars compared to a brand-new model. Plus, with advancements in modern technology, cars are now built to withstand much more wear and tear on the engine. So, while it might be nice to have that new car smell, buying a used car with low mileage is a great option that won't break the bank.

2. Fewer Depreciation Costs

Not only can purchasing a used car with low mileage save you money on initial costs, but you can also avoid high depreciation costs.

According to business insider, on average, new cars depreciate by a whopping 39.1% after three years of ownership.

For example, If you plan to sell your used vehicle in three years, investing in a 2021 Honda Civic may get you a higher price than purchasing a new 2022 model. This is because by the time you put it up for sale, significant depreciation will have already occurred, setting you up for an optimal profit.

Many cars start losing value when driven off the lot, so purchasing an older model can quickly benefit your wallet.

Cars tend to lose value quickly, but you can avoid some of these costs with a low-mileage preloved car. The amount of mileage you should look for can vary, but comparing the mileage to others of the same make and model can give you an idea if it's a good deal.

3. Potentially Fewer Maintenance Costs

A car with low mileage typically needs less maintenance than one with high mileage. Plus, many used cars still have some warranty coverage remaining, so you can know that you are covered in case something goes wrong.

Because the car has low mileage, it could result in a longer lifespan and fewer repairs. Not only would this mean reduced maintenance costs, but it would also help you save on unpredictable expenses. For example, the car's tires, brakes, and other parts may have less wear and tear than a car with higher mileage.

Amazingly, Consumer Reports did some research that reveals that pre-owned cars sometimes have better reliability than brand-new ones. This is probably because newer machines rolling out of production lines feature complex designs and technology more prone to faults and glitches than their "older" counterparts with fewer functionalities yet amazing reliability.

Also, when you buy a used car with low mileage from a dealership, they can provide a warranty covering the engine and transmission, giving you added protection for your investment.

4. Greater Selection

One of the biggest advantages of purchasing a low-mileage used car is the option to choose from the available variety. This is because many used car dealerships have huge inventories, allowing you to have plenty of options and find the perfect car for your needs and budget.

Also, the used car market is no longer what it used to be. Edmunds published a study showing that, in recent years, there has been an increase in the variety of used car options available to consumers. Now you can be picky when choosing from the diverse selection of pre-owned vehicles, offering more bang for your buck than ever.

Whether you're looking for a sporty sedan or a family-friendly SUV, buying a used car with low mileage can be a savvy choice.

5. Lower Financing Options Costs

Did you know that buying a used car with low mileage can save you money on financing options?

Lenders are more likely to offer you lower interest rates and better financing terms when you opt for a used car. For example, let's say you're deciding between two cars; one is a brand-new car, and the other is a used one with over 30,000 miles. Even if the two cars are the same year and make, the used car with the same mileage may cost less in financing fees, ultimately saving you money in the long run.

So before you make a purchase, it's important to consider all aspects of the car, including the mileage and how it can impact your financing options.

6. Good Engine Health

Buying a vehicle with low mileage and good engine health is crucial when searching for a used car. While a higher-mileage car may seem like a more affordable option upfront, it's important to consider its long-term effects on the engine.

Over time, wear and tear can cause significant damage to a car's engine, leading to costly repairs down the road. On the other hand, a low-mileage car with good engine health can give you peace of mind knowing that you can rely on the car to perform well for years to come.

Wrapping Up!

Shopping for a used car with low mileage is an excellent way to save money. You can get a reliable car that lasts many years. Low-mileage cars come with the assurance of lasting performance and reliability.

If you're looking to buy a used car with low mileage, look no further than The Internet Car Lot – we stock the best selection of certified used cars in the area, and all of our cars come with unbeatable prices.

Don't wait any longer, and find your perfect ride today!

For more details, contact us now!