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They can even save you money on. Even a new car buyer can get a great value if they keep the car for 10 years.

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It really comes down to how the vehicle has been.

Car title loans for cars over 10 years old. Most people think that a low-mileage car is the better deal even if its 5-10 years old. 2 Drive an Old Car for a Long Time. Cars begin to depreciate the minute you drive them off the lot.
A new or used car light truck minivan or SUV for personal use. 1 Buy a Used Car. When it comes time to buy a new car getting top dollar for your current car is imperative.
In general every year you own a car you can expect it to lose at least 10 percent of its value. Max mileage of 125000 miles 10 years old or newer valued at 6000 plus additional restrictions Bank of America Preferred Rewards clients can receive an interest rate discount of 025-050 depending on their tier at the time of applying for an auto loan. Older cars also save you money on insurance and taxes.
But unfortunately thats not necessarily true. The vehicle must have fewer than 120000 miles and its model year must be within the last 10 years. In some instances an older model year or higher mileage vehicle up to 150000 miles may be eligible.
On average after five years a car is worth less than half what it was worth when new. New cars cost far more than it takes to maintain a used one.

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