“High-mileage” cars are often frowned upon. Most buyers dodge it, deeming it a risky affair. But these underestimated vehicles make for surprisingly affordable deals—maybe even bringing more to the table than the reliable low-mileage cars, if you get your analysis right.
Simplifying your analysis, we’ve listed the pros, cons, and tips for buying high-mileage cars in New Jersey.
Why Choose a High-Mileage Used Car?
Affordability
In comparison to low-mileage cars, they are budget-friendly. Ideal for someone searching for a low-cost car, regardless of whether you need it for your everyday commute from Pinebrook, NJ, to New York or for your college. The savings you bag are commendable.
Durability
Gone are the days when six-digit mileage cars meant trouble. Modern-day cars are sculpted to outlive years of wear and tear. Moreover, a high-mileage car indicates good maintenance and working conditions. Considering that the car has been in constant use, the parts remain warm, well-lubricated, and rust-free. So if you plan on buying high-mileage cars in South Hackensack, NJ, or around the state, look for an impressive service and highway usage history.
Slowed Depreciation
A common thing about second-hand cars is that they undergo much depreciation through the initial years. Once it has reached a high mileage, depreciation slows down. Buying a car at that point could get you more than its worth. If you get lucky, you may even be able to resell it for more.
Extended Warranties
When you choose a reliable dealer, you no longer have to worry about hefty repair work. You can rely on extended warranties that cover unanticipated repairs.
Shortcomings of Buying a High-Mileage Used Car
Uncertain History Equals An Uncertain Future
If you don’t have complete reports on the car’s accidents or repairs, you may be signing up for a loop of repairs. The high maintenance costs may get frustrating and heavy on your pocket.
Chances of a Nearing End
Modern and reliable high-mileage used cars can easily surpass 100,000 miles with adequate maintenance. However, one can’t neglect the wear and tear it has been through and rule out the chances of rapid depreciation.
Diminishing Resale Price
More often than not, the turnover value for a used car may be disappointing. Your upgrade or exchange plan may reveal its reduced value and significantly hamper your next budget purchase.
How to Secure a Profitable High-Mileage Used Car
- Scan its service history to confirm it was well-maintained with regular repairs and oil swaps.
- Run a pre-purchase check and let a mechanic or expert inspect the car.
- Think beyond mileage and choose a trustworthy dealer.
- Lean on good brands to unveil long-lasting performance.
- Analyze the car’s age against its mileage. For example, a year-old car with 40,000 miles demonstrates a condition worse than a 5-year-old car with 45,000 miles.
- Check if the car was run on highways for smoother engine flow or urban stop-and-start roads, which can cause more damage to components.
- Consider the impact of climate changes. For instance, road salt in New Jersey during winter can increase corrosion and rusting.
Key Takeaway
High-mileage cars in New Jersey are a bargain for the value they could potentially provide. Ward off the risks involved by thoroughly studying and verifying a pre-owned car.
Research smart, buy smarter!
