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Is it a smart idea to buy a vehicle with 200,000 miles?
I was thinking of buying a vehicle with 200,000 miles, but I don't know if it's a good investment. Should I buy a car that's this old?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
If you’re looking at a car for cheap, you may be tempted to buy a car with 200,000 miles on it to save some cash.
However, purchasing a car with 200,000 miles may result in a high amount of maintenance bills—even if it has been well maintained. Typically, this is near the end of the car’s lifespan, so you may be shelling out some major cash for repairs or will need to buy a new vehicle shortly.
If you do decide to go ahead with the purchase, you’ll first want to do a pre-purchase inspection to see if the car is in good operating condition despite its high mileage. There are some makes and models that are incredibly reliable—even up to 300,000 miles.
Whatever vehicle you purchase, you’re going to need a good
car insurance
policy. To find coverage that meets your needs, go shopping with Jerry
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