Good time to buy used? But this 100k rule is still good to follow if you don't

[theking]

..know much about cars:

There is now a $20,000 price gap between new and used cars in America — the largest on record

That's the record gap between the average transaction price for a new car and a used car, according to Edmunds analysis of third-quarter sales, with the average new car price hovering around $47,000 and used cars averaging $27,000. Edmunds says it's the largest price difference since it began tracking new vs. used pricing in January 2004.

Today’s most reliable vehicles can rack up sky-high mileage that would have been unheard of a few generations ago and still keep plugging along. But an old benchmark still stands as the most practical answer for how many miles are too many miles when buying a used car.

“Many auto experts agree that 100,000 miles is the upper limit for considering the purchase of a used car,” said Dillan. “Beyond this point, the likelihood of significant maintenance and repairs increases substantially.