Should I Buy a Car with 150k Miles?
Most people view high-mileage used cars as a huge risk, and rightfully so. There is, however, more that you will need to learn. If you are trying to find the best used car, mileage is one factor that you need to consider.
It All Depends on the Vehicle
The fact is that some vehicles are more reliable than others. Some models can be driven well past 200k miles, while others cannot. Buying a car with 150k miles isn’t necessarily a bad idea, depending on the specific model. You’ll want to do some research so you can determine how likely it is that a certain vehicle is worth buying at such a high mileage. This information can help you make the best possible decision.
Problems Associated with High-Mileage Cars
There are a number of issues associated with high-mileage cars that you’ll want to be aware of. While you might not experience any of these issues, it is still a good idea to educate yourself.
Vehicles that have more than 100,000 miles on them are far more likely to develop transmission problems. Issues with your transmission can be very costly to say the least. If you need a whole new transmission, you might end up spending upwards of $2,000. This is by far one of the biggest risks associated with buying a vehicle with 150k+ miles.
There is also a good chance that you will need to get new brake pads for a high-mileage vehicle. You know it is time to do this when you start hearing that obnoxious screeching noise when applying the brakes. The mileage of a car isn’t the only indication of when you will have to replace the brake pads though. Those who spend a lot of time in traffic will typically need to get new ones sooner.
Even a relatively simple problem with a vehicle’s engine can cost at least a few hundred dollars. This is something that you will need to take into consideration as well. If you buy a car with 150,000 miles on it, there’s a good chance that you’ll need to get these repairs done. An engine rebuild is typically needed around 100k miles, but not always.
You may also have to buy new tires for a vehicle that is at the 150k+ miles mark. Car tires typically need to be replaced every 2-3 years, but it varies depending on one’s driving habits. While this is not a particularly huge expense, it will cost you more than a few bucks.
Fuel and Water Pumps
A car’s fuel filter needs to be changed out every 50k miles or so. It is important that you do this to avoid a fuel pump failure, which can be fairly pricey. Vehicles that are over 100,000 miles also tend to have water pump issues, which could require replacement.
Making the Most of a High-Mileage Car
Don’t Wait to get Repairs Done
You do not want to wait to get repair work of any kind done on your vehicle. This will only serve to make the problem worse while costing you more money. Even small repairs should be done promptly. This will keep the problem from getting much worse.
Avoid Used Parts
If there is something in your car that needs to be replaced, you should typically opt for a brand new part. Used parts typically don’t last as long, so you will just end up spending more money later on. While the part might cost more upfront, you will ultimately save money in the medium to long term.
Keep up with Regular Maintenance
You’ll want to refer to your vehicle’s user manual to learn about recommended maintenance. This is a crucial part of keeping your car in good condition over the years. You’ll need to get the oil changed, tires rotated, and other common maintenance things done when necessary.
Practice Calm Driving
Your driving habits can have a major impact on the life of your car. It is especially crucial for people with high-mileage vehicles to do this. The gentler you are with it, the longer it is going to last. This means staying away from potholes and not slamming on the brakes if you can help it. These kinds of things can significantly shorten your vehicle’s lifespan. It also tends to cost car owners more money.
Get an Insurance Policy that Matches Your needs
Take the time to look for a car insurance policy that satisfies all of your needs perfectly. This can go a long way towards helping you save money. Because high-mileage cars are more prone to breaking down, you’ll have to find the best possible policy. The more research you do into these options, the better off you are going to be.
Before You Buy
If you are going to buy a car with 150k+ miles on it, you will need to get it thoroughly inspected first. This can save you a lot of aggravation later on. You’ll want to know if the car is going to need any major repair work in the near future. This means getting a reputable mechanic to look at the vehicle so you know precisely what all is wrong with it.
Buying a car with 150,000 miles on it isn’t necessarily a bad idea. You will need to factor in the make and model of the car before deciding either way. As we mentioned above, some model cars are known for being more reliable and long-lasting than others. You also need to know what work the vehicle is likely to require in the near future. All of these things can help you to make the right choice. You’ll want to do everything possible to avoid being hit with a lot of expensive repair bills in the coming weeks or months.