{"id":49278,"date":"2023-09-07T07:49:08","date_gmt":"2023-09-07T07:49:08","guid":{"rendered":"https:\/\/highwaynewspro.com\/?p=49278"},"modified":"2023-09-07T07:49:08","modified_gmt":"2023-09-07T07:49:08","slug":"im-a-mechanic-drivers-should-consider-key-aspect-when-buying-a-used-car","status":"publish","type":"post","link":"https:\/\/highwaynewspro.com\/car-reviews\/im-a-mechanic-drivers-should-consider-key-aspect-when-buying-a-used-car\/","title":{"rendered":"‘I\u2019m a mechanic – Drivers should consider key aspect when buying a used car\u2019"},"content":{"rendered":"

Gumtree share their top tips for buying second-hand cars<\/h3>\n

A mechanic has urged drivers not to make the mistake of buying a relatively new used car when looking at a new model.<\/p>\n

YouTube star Scotty Kilmer stressed drivers should go for an “eight-year-old\u201d used car as the vehicle\u2019s valuation has already fallen.<\/p>\n

Many classic cars may still have hundreds of thousands of miles left in them making it a perfect runaround.<\/p>\n

He warns motorists buying two or three-year-old cars could still pay tens of thousands of pounds meaning drivers were \u201cnot really saving that much\u201d.<\/p>\n

The model’s worth is likely to dramatically fall the longer it is owned meaning road users will lose money over the long term unless they are smart.<\/p>\n

READ MORE <\/strong> \u2018I\u2019m a mechanic – Petrol and diesel owners should stop putting product in cars’<\/strong><\/p>\n

<\/p>\n

Speaking on his YouTube channel, Kilmer said: \u201cScotty, what is the ideal age and mileage range for making a financially smart used car purchase?<\/p>\n

\u201cThat is a pretty open-ended question because how much money are you going to spend and what do you want to get, right?<\/p>\n

\u201cIf you can get a good price I would say get a Toyota or a Honda. If you can get one that’s around eight years old. Six, seven, eight years old. They still have plenty of life, you can get a much better price.<\/p>\n

\u201cIf you get a two or three-year-old used car you’re going to pay so much money you’re not really saving that much. But as they get older people pay less money.<\/p>\n

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\u201cLet’s say you buy an eight-year-old Toyota that’s got 100,000 miles, that thing might go 300,000, or 400,000 miles.<\/p>\n

\u201cYou’re getting a higher percentage back on your investment because if you buy a two or three-year-old one you’re going to pay $25,000 (\u00a320,000) or $30,000 (\u00a324,000).<\/p>\n

\u201cBut if you buy the other one for 8,000 or 9,000 or less, you’re still getting a better deal buying less.<\/p>\n

\u201cSure it\u2019s got higher mileage but they can last so long the percentage of life left in the car versus what you pay, you can’t beat an older one.\u201d<\/p>\n

Mr Kilmer\u2019s comments were backed up by LeaseLoco who stressed second-hand vehicles depreciate more early on in their lifecycle.<\/p>\n

The motoring group stress models will lose around 15 to 25 percent of their value over the first 12 months.<\/p>\n

Second-hand car prices will then drop down 40 to 60 percent by the third year before falling another 10 percent by year five.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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