At what age are used cars the most reliable?
Posted on Wednesday, July 18, 2012 at 7:39:16 AM
Consumers on the market for a used car typically consider how old a vehicle is before purchasing it. Cars under five years old usually have fewer miles on them and have suffered less wear and tear, making these vehicles a more reliable option than older autos.
For most makes and models, their third year is when they are the most reliable. At that age a car has proven itself as a sound piece of machinery, while still is relatively new, Auto World News reports.
"Three-year-old used cars fare better in terms of dependability than their processors. For example, Volkswagen models manufactured between 2002 and 2005 are a mere 58 percent reliable, the Toyota-Honda due scored 82 percent. Interestingly, the manufacturer that has made the 'most dramatic improvement' over the past decade is a Volvo," said Consumer Reports researchers, according to the news source.
Consider using auto financing from Home Loan Investment Bank to afford a three year old car. The vehicle will likely have little to no major repairs for a few years.