Used Cars For Sale in Newnan, GA (2024)

FAQs

How old of a used car is the best deal? ›

The “sweet spot” for purchasing a used car is between 2 to 5 years old. This is the age range where the car has already gone through the steepest part of its depreciation curve, but it's still relatively new and in good condition.

Sell your car to an individual or private party

Selling your car to an individual, also called a private-party sale, is typically where you can get the most money.

It wouldn't be a best seller list without the Ford F-150 pickup topping it and 2023 is no exception. Making up 3.3% of the 9.2 million used car sales examined, the Ford F-150 retained its top spot for another year, not just in the used market.

What is considered high mileage on a car? Often, 100,000 miles is considered a cut-off point for used cars because older vehicles often start requiring more expensive and frequent maintenance when mileage exceeds 100,000.

When buying a car that's 10 years old or older, your primary concerns are purchase price and reliability. Don't pay more than the fair market value for that decade-old car. Additionally, pick a vehicle with a solid reputation for dependability. No car is really too old if you follow those rules.

Toyota is considered to be the go-to vehicle for reliability, while brands like Honda, Mazda, Subaru and Hyundai are also highly ranked for their quality and cheap maintenance costs.

According to U.S. News, the 2020 Chevrolet Malibu, the 2021 Chevrolet Corvette and the 2020 Chevrolet Sonic are among the most reliable used cars. The Malibu and Corvette both have reliability scores of 89, while the Sonic has a 93 reliability score.

Honda and Lexus models are selling the fastest, while premium vehicles struggle to find their second buyers. Consumers are happy to buy used EVs, but hybrids are selling like hotcakes right now.

It can be somewhat risky to buy a vehicle that has racked up more than 100,000 miles. Even if it's well-maintained and has about 100,000 miles left in it, such a car is already past its prime. Generally, vehicles are likely to start experiencing problems after the 100,000-mile mark.

What is a poor condition for a car? ›

Poor – condition means that the vehicle has severe mechanical and/or cosmetic defects and is in poor running condition. The vehicle may have problems that cannot be readily fixed such as a damaged frame or a rusted-through body.

If your goal is to save on a pre-owned vehicle, it's advisable to seek one that has already undergone most of its depreciation. This entails finding a car that is at least two years old, but ideally between three and four years old.

When shopping, is there a best age for purchasing a used car? Cars are usually reliable for up to five years if they've been looked after. But a well-maintained 10-year-old car could be a better investment than a newer model that hasn't been cared for as well. Budget is also a major factor.

Additionally, maintenance costs can quickly add up as cars age. Parts are harder to find, and labor is more time-intensive. If these concerns make you uneasy, avoid cars over 20 years old. This rule of thumb may help ensure your vehicle choice is still safe, reliable, and affordable.

The first year faces the most significant depreciation hit to the car's market value, with most vehicles losing about 20% or more of their original value. The loss continues to decline from there. Cars often shed about 60% of their original purchase price within the first five years.