What criteria and metrics do you look for in a used car? Why?
- No older than x year
- No more than x kilometers, etc
Discussion
Maintenance record. How close mileage is to factory warranty. Always seems like stuff starts to break the closer you are to the end of warranty.
Thank you
Isn't there a calculus for this stuff? That is - the price of a used car drops drastically after x years, but risk of failure grows. A sweet spot of sorts?
Broadly? I highly doubt it
A “sweet spot” I’ve heard of in USA markets is buying used models directly after people return them to dealerships from lease periods. There is a higher likelihood the lessee completed routine/preventative maintenance requirements at OEM approved repair shops or at the dealership service department itself
-OEM reliability reputation
-OEM resale value reputation
-Accessible maintenance records
-Consumer Reports or other component failure data aggregation results
-Buy a pre-purchase inspection service from a mechanic/auto garage if significant maintenance history is unavailable