After that the price drop is lower and can go from around 25 to 5 per mile. Sep 11 2017 A two-year-old car with 100000 miles on it will be worth far less than a 10-year-old car with 50000 miles on it.
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Nov 13 2017 People then saw for themselves how much vehicle quality has improved and realized that a car with 125000 or even 150000 miles still has a lot of life left.
How much more is a low mileage car worth. That is over market value but in the area around 8000 is the going rate for that car just based off of supply and demand. Anything older I would value more on condition than mileage. Mar 05 2020 But generally speaking most used buyers look for low-mileage cars which have seen less wear-and-tear on their components.
Mar 11 2020 For the first three thousand miles or so cars usually drop about 5000-10000 so it averages out to around 150 to 3 per mile. That means a 15-year-old car might have 150000 miles and still be a low-mileage careven though it might only have another 20000 or 30000 miles if that before it needs a major read. We provide Black Book trade in value and market value so you can get the most out of your used car.
This in turn means that the dealer can only use so much of it. Prices soon drop as mileage increases but it does align with the age of the car. Most lenders cap how much they will allow the add on Kelly Blue Book to be used in consideration of the cars value.
But according to Edmunds data there is no major drop-off at. May 23 2019 Wed 18 May 2005 2248. Get the best price for your vehicle for free.
For instance here in minnesota I paid 8000 for a 05 OBXT with under 100k miles and no rust. - For more news reviews and Top Tens visit httpswwwhonestjohncouk. That 1971 Datsun 240Z that recently sold for over 300000 only had 21000 miles on it.
Youve saved up your nickels to buy the car youve been. This is the cost of a new Prius in 2016 24880 minus what we. Adjusting prices according to mileage - Steve G.
May 03 2018 Depending on your area your going to have a hard time finding a car at or under book value. It does ad value but there is a limit. Mar 30 2020 But your cars mileage may not matter as much as you think.
The car looks nearly new theres only 35000 miles on the odometer but. May 13 2010 How much difference does low mileage make to a cars price. However buying an older car with low miles isnt necessarily the best decision.
Mar 11 2021 Used cars that are newer with low mileage at or below the 12000 miles per year gauge mentioned above might be well-positioned to provide long-lasting reliable service. These older higher-mileage vehicles. This may seem a little strange considering that most low mileage used cars have essentially the same features as their new counterparts and are still in perfect working order.
Nov 18 2019 Remember though this is average. Especially if that 10-year-old car has been maintained properly. Aug 13 2019 Scenario 1.
Is there a rule of value added per 1000 miles under average mileage and if so what is it. This is a rough estimate. I use this when my Glasss guide is not to hand.
This is a very good question that you can answer for yourself and gain confidence in your purchase decision. Even I can tell that math doesnt make sense. 35 per thousand miles applies to cars between 3 to 5 years old.
Say your family needs a second or third vehicle and you come across an unbelievably low-mileage cream puff. As long as youre looking at around a minimum of 3000 miles per year and a maximum of around 15000 miles per year your car should be perfectly healthy albeit worth less than a lower mileage would be. Sep 08 2015 Stop Buying Old Cars With Super Low Mileage If You Want To Actually Drive Them.
May 24 2021 When you look at two cars and everything else is equal except one has 50000 miles and the other has 150000 miles it seems reasonable to assume the low mileage vehicle is worth more is in better condition and is therefore is more desirable to purchase. Apr 29 2020 Most car shoppers will quickly notice that low mileage used models are often priced thousands of dollars less than new vehicles. Sure the value of your car drops slightly with every 10000 miles you add.
Choose a make and model that you might like to own and with a large number sold and on the road eg. Generally any car that has seen fewer than 10000 miles per year since it was new can be considered relatively low-mileage. Oct 25 2019 If wed bought a new car or a low-mileage used car in order to avoid maintenance costs we wouldve spent 15885 in order to save 1108.
Fortunately within the last 10 years many car models have been manufactured to last well over 100000 miles. When you review a vehicles service history and get a clear picture of how the car got used in its past it will help you understand how the car will perform as it ages. This is especially true when looking at classic cars.
These are only estimates and the actual price drop also depends on the model of car you are looking at and where you are buying it.
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