Used Cars For Sale in Omaha, NE (2024)

FAQs

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

The optimal time to purchase a used car is typically between 2 to 5 years old. Within this age range, the vehicle has already experienced the most significant depreciation, yet remains relatively new and in good condition.

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.

If you're planning to finance your car, you'll be more likely to get a lower interest rate on a new car than a used one. New cars have a higher resale value and are less likely to have mechanical issues. That means the lender is less likely to lose their investment if you can't make your payments.

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.

Older vehicles often require more frequent maintenance, and some components may need replacement due to age-related wear. The overall cost of ownership can increase significantly as the car ages, potentially outweighing the initial savings on the purchase price.

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.

Car shopping? Buying a used car can save you money, but you'll want to check the vehicle's age and the number on its odometer to get an even greater value. According to Autotrader, the best used vehicle should be between four and six years old, and have less than 50,000 miles.

Pre-Purchase Inspection

This is arguably one of the most important steps to take when buying a used car. In addition to doing your own preliminary check, a professional pre-purchase inspection ensures that the used car you are considering is exactly what it claims to be.

What used car has the least amount of problems? ›

December is the cheapest month to buy a car because that's when car dealerships are clearing their inventory to make room for next year. It's also when car salespeople are competing to meet their yearly, quarterly and monthly quotas.

Here's the deal: The car you can afford is the car you can pay for in cash. And as a general rule, the total value of all your vehicles combined shouldn't be more than half your annual income.

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.

Today, buying 10-year-old used cars definitely makes sense, provided you keep a few parameters in mind. Why buying a 10-year-old used car is a good idea? Budget is the primary reason why you should consider a 10-year-old vehicle. In its first year, a new vehicle loses almost 20% of its initial dollar value.

After One Year: Research shows that new cars hit their biggest drop in value within the first 12 months of ownership. After one year, your car will probably be worth about 20% less than what you paid for it.