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Should I sell my car at 150K miles?
Many modern cars with 100K-150K miles are in great condition and will easily go another 100K. However, if a car has not been maintained properly and has been driven hard or previously wrecked, it can be junk with only 30K miles on the odometer.
What’s the maximum mileage for a car?
Standard cars in this day and age are expected to keep running up to 200,000 miles, while cars with electric engines are expected to last for up to 300,000 miles. Keeping a car that long has a lot of benefits, including the fact that it could save you a great deal of money.
Is it bad to sell a car after a year?
If the vehicle is new, you should ideally wait until at least year three of ownership to trade it in to a dealership, as this is when depreciation normally slows down. If it’s used, it already went through the big drop in depreciation and you can usually trade it in after a year or so.
How many miles before you should sell your car?
The threshold is usually around 10,000 miles where people start asking the question of whether they should sell their car. However, we’ve gone beyond that, splitting mileage down into four different brackets below to help you make an informed decision. 0-30,000 miles
Does your car’s mileage matter when you trade it in?
Some people keep one eye on their odometer at all times, trying not to put too many miles on their car so they won’t hurt its value when the time comes to trade it in. But your car’s mileage may not matter as much as you think. Sure, the value of your car drops slightly with every 10,000 miles you add.
How much value does a low-mileage used car have?
The truth is, there is no magic number. And dealers are already flush with low-mileage used cars that have come off leases, so they’re not in a rush to add more to their lots. What matters more is the model year. If your car is only a few years from new, it is likely to retain 60\%, or even up to 70\%, of its original value.
How many miles is too many for a used car?
Here’s the breakdown. When a car has more than 100,000 miles on its odometer, it can still provide great service, but the dependability becomes increasingly unpredictable. The first milestone in a used car’s life is between about 30,000 and 40,000 miles when a major service visit is due.