- 2011 Toyota Camry.
- 2011 Honda Accord.
- 2010 Toyota Corolla.
- 2012 Honda Civic.
- 2013 Mazda
- 2009 Toyota Prius.
- 2012 Subaru Outback.
- 2013 Kia Soul.
Table of Contents
What is high mileage for a car?
What is considered high-mileage? Typically, putting 13,000 to 14,000 miles on your car per year is viewed as “average.” A car that is driven more than that is considered high-mileage. With proper maintenance, cars can have a life expectancy of about 200,000 miles.
Where is the best place to find cheap used cars?
- Best Overall: Autotrader.
- Best Basic Option: CarsDirect.
- Best for Classic Cars: Hemmings.
- Best for Mobile: Autolist.
- Best for Cheap Cars: CarGurus.
- Best for Comparing Options: AutoTempest.
- Best Auction Site: Cars & Bids.
What credit score is needed to buy a $10000 car?
There is no set credit score you need to get an auto loan. If you have a credit score above 660, you will likely qualify for an auto loan at a rate below 10% APR. If you have bad credit or no credit, you could still qualify for a car loan, but you should expect to pay more.
Can I buy a new car with 10k?
At the moment, there are no new cars with an MSRP under $10,000.
Should I buy a car now or wait until 2022?
While soaring used car prices are bad for those who can’t afford a new car, they may mean 2022 is a good time to buy a car for those with a vehicle to trade in. A high trade-in price means added capital that can help reduce the finance share of purchasing a new car.
Will car prices go down in 2022?
Used car prices are already starting to drop as the market cools, having seemingly peaked in early 2022. On the other hand, new vehicle prices are unlikely to drop in 2022 due to persistent inflationary pressures. “There’s still a lot of inflation bubbling up in the new vehicle supply chain.
Are car prices going to go down soon?
In the past, Clark has predicted that the market would gradually improve throughout 2022, and now we’re finally starting to see some lower prices. While this decline will continue gradually month to month, it’ll likely be sometime in 2023 before we see the used vehicle market return to near-pre-pandemic prices.
How old of a used car should I buy?
In retaining “like new” quality and inheriting a slower depreciation rate, the best used car age for buying is 2-3 years. In fact, Americans are saving up to $14,000 on a 3-year-old vehicle. For example, a car that may have cost you $30,000 when new would cost around $16,000 after just 3 years.
Is a 10-year-old car too old?
When buying a used car that’s 10-years-old or older, your primary concerns are purchase price and reliability. Don’t pay more than that 10-year-old car is worth. And, pick a car with a solid reputation for dependability. No car is really too old if you follow those rules.
How many miles should I buy a used car?
To determine whether a car has reasonable mileage, you can simply multiply 12,000 by its age. That means good mileage for a car that’s 5 years old is 60,000. Significantly more or fewer miles could indicate a problem or trouble in the future.
What is the cheapest way to buy a good car?
Buy used. If you’re just looking for the cheapest way to get a vehicle, buying used is the way to go. Many vehicles last longer these days, and used cars come with more standard equipment than just a few years ago, plus, used cars typically cost less than new ones.
What is the cheapest used car website?
- Desperate Seller.
- Facebook Marketplace.
- Gumtree.
- Autoweb.
- CarGurus.
- Carshop.
- Carsite.
- AutoVillage.
What is the most affordable second hand car?
- Fiat Panda.
- Vauxhall Corsa.
- Fiat 500.
- Volkswagen Up.
- Peugeot 10
- Kia Picanto.
- Dacia Sandero.
- Renault Twingo.
What is the monthly payment on a $10000 car?
- Fiat Panda.
- Vauxhall Corsa.
- Fiat 500.
- Volkswagen Up.
- Peugeot 10
- Kia Picanto.
- Dacia Sandero.
- Renault Twingo.
How much is a 10k car payment?
Let’s say you purchase a car without a down payment. With a three-year $10,000 loan at a 4.5% interest rate, your monthly payments would be $297 per month or more if you include the sales tax in the loan.
Can I get a car with a 500 credit score?
It’s possible to get a car loan with a credit score of 500, but it’ll cost you. People with credit scores of 500 or lower received an average rate of 13.97% for new-car loans and 20.67% for used-car loans in the second quarter of 2020, according to the Experian State of the Automotive Finance Market report.
What is the 20 rule for buying a car?
Basically, the rule goes that you provide a down payment of 20% of the balance, sign a loan for a four-year period, and pay no more than 10% of your monthly income on car expenses. These expenses include any money you put towards your new vehicle, including gas, insurance, and loan payments.
References:
- https://www.kbb.com/best-cars/10-best-used-cars-under-10000/
- https://www.grid.news/story/economy/2022/07/27/why-are-cars-so-expensive-now-a-look-at-the-reasons-behind-the-skyrocketing-prices-and-ballooning-auto-loans/
- https://www.erieinsurance.com/blog/high-mileage-car
- https://www.investopedia.com/best-used-car-sites-5094153
- https://www.lendingtree.com/auto/what-credit-score-is-needed-to-buy-a-car/
- https://www.carsdirect.com/deals-articles/can-you-buy-a-new-car-for-less-than-10-000
- https://www.capitalone.com/cars/learn/getting-a-good-deal/is-2022-a-good-time-to-buy-a-car/1317
- https://www.jpmorgan.com/insights/research/when-will-car-prices-drop
- https://clark.com/cars/when-will-car-prices-go-down/
- https://www.charlestonhonda.com/whats-the-best-age-for-a-used-car/
- https://www.autotrader.com/car-shopping/buying-used-car-can-10-year-old-used-car-still-be-reliable-245884
- https://www.tomkadleckia.com/blogs/1309/good-mileage-preowned-car/
- https://www.carsdirect.com/deals-articles/what-s-the-cheapest-way-to-buy-a-car
- https://www.thecarexpert.co.uk/the-best-websites-for-buying-a-cheap-used-car/
- https://www.buyacar.co.uk/cars/cheap-cars/1045/cheapest-used-cars
- https://www.thecarpayment.com/calculate/car-loan/10000
- https://www.rydelloutlet.com/blogs/3631/how-much-should-i-put-down-for-a-10000-car
- https://www.creditkarma.com/auto/i/can-you-get-a-car-loan-with-bad-credit
- https://www.woodhouselincoln.com/blog/2022/july/6/lincoln-financing-101-the-20-4-10-rule-of-car-buying.htm
