I know you advise most people to buy used cars. Do you have a rule of thumb for a mileage limit when it comes to buying a used vehicle?
No, not really. Sometimes mileage alone can be a good indicator of the quality of a used vehicle, but that’s not always the case. I would also advise doing a little research, and maybe letting a trusted mechanic have a look to determine if there are any issues that might give you trouble soon.
The more inexpensive, and cheaply made a car is, the more likely it becomes that it would be worn down by higher mileage. Some vehicles start to get a little ragged at 100,000 miles, while others — some of the better makes — are just getting a feel for the road at that point. Of course, a lot depends on your budget, too.
Overall, I would advise you to look for something that has a good reputation, a solid history, and as little mileage as possible. There are good, used cars out there that will last for years!
* Dave Ramsey is CEO of Ramsey Solutions. He has authored seven best-selling books, including The Total Money Makeover. The Dave Ramsey Show is heard by more than 13 million listeners each week on 585 radio stations and multiple digital platforms. Follow Dave on the web at daveramsey.com and on Twitter at @DaveRamsey.