Automotive

What is a used cars "Sweet Spot" for age? Is 2 years old still to new?

  • Last Updated:
  • Jun 2nd, 2019 11:16 am
[OP]
Banned
Aug 3, 2005
1235 posts
1159 upvotes

What is a used cars "Sweet Spot" for age? Is 2 years old still to new?

Thinking of pulling a trigger on a 2018 Honda Accord Sport....or a 2018 Camry SE.

Is buying a used 2018 model year of these cars a smart decision?

I see on auto trader they prices for these are only like 3-4k less than new MSRP in some cases...

Should I be looking at 2017 models instead?

I plan to purchase with cash if used.
27 replies
Deal Expert
User avatar
Jul 30, 2007
25482 posts
10455 upvotes
Toronto
2.5 yrs or so, IMO. still have a bit of orig. factory warranty and if you can find one that has low mileage and no issues, then it would be a good find.
[OP]
Banned
Aug 3, 2005
1235 posts
1159 upvotes
booblehead wrote: 2.5 yrs or so, IMO. still have a bit of orig. factory warranty and if you can find one that has low mileage and no issues, then it would be a good find.
So would that mean buying a 2018 Accord or Camry in early 2020? (for it to be 2.5-3 years old) Or having to wait until 2021?

I never get how these Model Years work.
Deal Addict
Oct 6, 2015
2412 posts
1311 upvotes
10-12-year old "granny driven" is probably the sweet spot.

You can probably find a good minimal or no-rust 2008-2010 Honda Accord for $7-$10k with maybe 100k on it if you shop around...

Nobody really knows how well the new turbo'ed Hondas will stand up.
Deal Expert
User avatar
Jul 30, 2007
25482 posts
10455 upvotes
Toronto
You can take the VIN # and call up Honda or Toyota Head office to see if they can tell you the in service date of the car in question. In this way, you would be certain the leftover factory warranty the car has.
Sr. Member
User avatar
Dec 6, 2017
596 posts
293 upvotes
Manitoba
Anything between 2-5 years would be my sweet spot.
one more deal and I'm out * involuntary tick*.... :twisted:
Newbie
Mar 3, 2019
93 posts
71 upvotes
I'd say 3.5 years to 4 years. Toyota/Honda are usually good places to start for reliable used cars.
The Accord/Camry were redesigned in 2018 so in 2.5 years their replacements will be here making the "old" models depreciate even more.
Deal Guru
User avatar
Feb 11, 2007
13011 posts
13145 upvotes
Oakville
ekcivichb wrote: Thinking of pulling a trigger on a 2018 Honda Accord Sport....or a 2018 Camry SE.

Is buying a used 2018 model year of these cars a smart decision?

I see on auto trader they prices for these are only like 3-4k less than new MSRP in some cases...

Should I be looking at 2017 models instead?

I plan to purchase with cash if used.
If someone is selling you a 2 year old car for only $3k off MSRP then that's only $3k/24mo=$124/month in depreciation (even less if they bought under MSRP). May as well just buy a new one where you can likely get under MSRP for close to the used price.
Deal Expert
Jun 30, 2006
17324 posts
5236 upvotes
Toronto
Depends on the car. I would say 3-7 years is fine.
Deal Fanatic
Sep 16, 2004
8569 posts
1448 upvotes
Toronto
I figure 7 to 8 years old.
Also depends on if you're buying private or dealership.
Dealership prices are always above average as you noticed with those 2 and 3 year old cars being close to MSRP.
Private, you may have more room for negotiations resulting in a lower price for a newer, lower mileage car etc.
Also some brands depreciate faster than others.
Japanese vs Domestics for instance.
Deal Addict
Mar 22, 2004
3095 posts
609 upvotes
I would say 3 years old, then sell it in 3 years.
Deal Addict
Jan 7, 2014
2400 posts
459 upvotes
Winnipeg
burnt69 wrote: 10-12-year old "granny driven" is probably the sweet spot.

You can probably find a good minimal or no-rust 2008-2010 Honda Accord for $7-$10k with maybe 100k on it if you shop around...

Nobody really knows how well the new turbo'ed Hondas will stand up.
First hand experience with Honda accords .. make sure the model year when their engines stopped burning oil. I think it was post 2010..
Burning oil is not bad if you are aware of it.. Their engines are solid and runs for half million kms easily even burning oil. Its just that you need to be aware that a particular engine burns oil so that within six months of purchase you dont ruin the engine by not topping it up...
Even if you dont ruin engine completely, the timing chain can easily be effected if you run the oil too low
Member
Jan 14, 2008
304 posts
140 upvotes
Toronto
Also keep in mind if your financing, the cost of borrowing is often less on a new car with manufacturer promos and lower borrowing rates (of course depends on vehicle) compared to say used car/bank financing.
Jr. Member
Mar 28, 2007
157 posts
89 upvotes
I find by the 4th year a car will have depreciated about 50% in price from new. Usually you'll still have some factory warranty left as well.
Deal Addict
Sep 1, 2004
4470 posts
2989 upvotes
2 year old, 20,000km is the perfect used car.

Top