What is the Importance of Mileage for Used Cars?

Similar to buying a new car, used-car purchase calls for intense research and corroboration of information shared with you. You look at online reviews, seek dealer opinion, make a list of desirable features, and thoroughly inspect the state of the car before signing the deal. Amid all this scrutiny, one thing that is often overlooked is the mileage of the used car. As a buyer, it's the biggest blunder you can make. Good mileage for used cars is as important as getting a low-cost deal. 

What is Mileage?

“Mileage” refers to the average distance or number of kilometers your car can go on a given quantity of fuel. The term, which defines how efficient the engine of your old car is, is crucial when considering a used vehicle. The mileage of car means the efficiency of its fuel consumption, and understanding mileage meaning in cars helps gauge the vehicle’s performance. Your car's mileage may vary based on the road and driving circumstances. You might get good mileage for a used car if you drive on the highway. However, driving on off-roads may not offer you the results you desire.

How to Check the Car Mileage?

To calculate your car's mileage, you don't need to keep track of every kilometre. Just keep an eye on the odometer. It records wheels' rotations and multiplies them by the circumference of the wheels. Try to stay away from wheel modifications if you want accurate information.
 
Remember that the car's mileage varies depending on many factors such as the car's age, driving conditions, faulty engines, overloading, and driving style. 

Significance of Used Car Mileage

1. You Can Determine the Age of the Car

   When you go to a dealership to buy a used car, the first and most important consideration is the car's age. The age of the car plays a role in determining the likelihood of getting a loan on second-hand car. If the vehicle you are purchasing is approaching the phase-out age (15 years), your loan application will be denied.
    
   The mileage of the car is directly proportional to the car's age. It means if the odometer is showing high numbers, expect the car to be steered around for a long period. The car's higher mileage also indicates that it has undergone major wear and tear. Therefore, you will need to spend more and quite frequently on repairs and maintenance.

2. You Can Determine the Car’s Condition

   A used car with good mileage means the car you are purchasing is in good condition. It implies that the previous owner has handled the car with care. However, remember the car with low numbers on the odometer and good mileage does not always prove its supremacy. If the vehicle is left unattended for an extended period, the battery may be damaged, vital metal components may oxidise, tyres may lose pressure, and other issues may arise.
    
   Keep in mind that while high mileage vehicles may not be the best pick, very low mileage vehicles are unquestionably the worst.

3. You Can Analyse the Maintenance Record

   Good mileage for used cars gives you a rough idea of its maintenance record. If the four years old car continues to deliver what it did when it was purchased from the showroom, rest assured. 
    
   Remember that a car that has been in a serious accident or has had several repairs or major part replacements will not provide satisfactory mileage. You can also ask for insurance documents and a service record book from the seller. Examine the insurance records for information on previous claims. A service record book can also provide insight into how the vehicle was driven in the past.

4. You Can Determine the Engine Condition/Type

   Mileage also provides information about your vehicle's engine. If the car offers better mileage, it's because its engine is big. Similarly, low mileage indicates a small engine. Smaller engines are not suited for travelling large distances in a single trip. Some of the frequent concerns that you may find while driving such cars are heating issues and rapid wear. Additionally, vehicles with smaller engines have higher maintenance costs.

Also Read: Buying a Used Car Here is How You Can Get a Good Deal

What is a Good Mileage for Used Cars? 

There is no one answer to this question. Since mileage is reliant upon various factors, one of which is the car's model, it is totally up to you to determine the appropriate mileage. In case you are planning to purchase sporty or luxurious cars, don't expect much in terms of fuel economy.
 
Just for reference, people often avoid buying a used car that has been driven more than 1 lakh miles.

What’s More Important: Mileage Or Age?

When buying a used car, both mileage and age are crucial factors. Understanding their impact on a vehicle's condition and value helps make a well-informed decision.

How to Increase the Used Car Mileage?

There are numerous methods available on the Internet to help you boost your mileage. However, the most basic steps that you can follow are:

• It's never a good idea to miss a servicing deadline. If you notice any vibrations or discover a fuel leak, take your car to a certified garage right away.

• Overloading should be avoided at all costs. Check your car's user manual to see how much weight it can handle. If the previous seller does not provide you with a manual, you might get a rough idea by contacting the nearest showroom of that car's brand. You may also take online assistance. 

• Use proper engine oils. Engine oils play a major role in providing the best used car mileage. 

• Before going on a drive, make sure the tires are properly inflated. Both underinflated and overinflated tyres have a detrimental impact on mileage.

• Use the air conditioner when it is necessary. When no one is in the car, turn off the air conditioning. Keep in mind that using the air conditioner consumes a lot of fuel.

• Drive your car at an optimal speed. Keep in mind that driving either at a high speed or at a low pace consumes more petrol. Furthermore, you should maintain a constant speed range.

How Personal Loan Help You to Buy a Best Mileage Used Car?

A personal loan can provide the necessary funds to purchase a fuel-efficient used car, offering flexibility and quick access to money without depleting your savings.

• Quick Access to Funds: Personal loans are processed quickly, giving you access to the money needed to buy a used car with good mileage.

• Flexible Repayment Options: Choose from various repayment terms that suit your financial situation, making it easier to manage monthly payments.

• No Need for Collateral: Unlike auto loans, personal loans often don't require collateral, making the process simpler.

• Competitive Interest Rates: With a good credit score, you can secure a personal loan at a competitive interest rate, reducing the overall cost.

• Improves Budget Management: By spreading the cost over manageable installments, you can maintain your budget without a large upfront payment.

How to Apply for Personal Loan to Buy a Best Mileage Used Car?

Apply for a Personal Loan with Hero Fincorp in few easy steps. 

• Download and install the Hero FinCorp Instant Personal Loan app.
• Register using your mobile number.
• Enter a few necessary details like your personal, professional, employment, and financial information.
• Scan and upload the required documents, including your identity, address, and income proofs.
• Get approval with a loan offer after the verification.
• Accept the loan offer to initiate the disbursal process.

Also Read: Quick Guide on Pre-Owned Car Financing

To Conclude

If you are wondering why to buy a second-hand car then think about affordability and value for money. When it comes to saving money, you can't neglect the relevance of mileage. Never miss out on taking the test drive. If necessary, take the help of a professional mechanic to help you better understand the mileage of the car you are planning to buy.

Frequently Asked Questions

1. Can a car with high mileage still be reliable?

Yes, a high-mileage car can still be reliable if it has been well-maintained and serviced regularly. Maintenance history is crucial in assessing its reliability.

2. Does mileage affect a car's resale value?

Yes, cars with lower mileage typically have higher resale values due to perceived lower wear and longer remaining lifespan compared to high-mileage vehicles.

3. How many miles on a used car is too much?

Over 100,000 miles is generally considered high for a used car, potentially leading to increased maintenance and repairs.

4. Is Buying A Car With Over 50,000 Miles Bad?

Buying a car with over 50,000 miles isn't necessarily bad, as long as it has a good maintenance history and is in good condition.

5. Why do people prefer low mileage?

People prefer low mileage because it indicates less wear and tear, suggesting the vehicle will likely require fewer repairs and have a longer remaining lifespan.