Because depreciation is constant, it’s best to sell or trade in your vehicle before it hits the 100,000-mile mark.
At this point, you won’t get nearly as much for it because dealers generally see these cars as wholesale-only vehicles to be sold at auction.
How many is too many miles on a car?
One rule of thumb to keep in mind, especially when looking at reports like Carfax or AutoCheck, is that 15,000 miles per year is considered to be the industry average. Therefore, if you’re looking at a vehicle that is ten years old, it’s not unreasonable for it to have 100,000 to 150,000 miles on it.
What is the best mileage to trade in a car?
By the time a car has 60,000 miles it will almost certainly need tires and brakes, although more modern cars are going farther with less maintenance. Still, a seller can save money by selling or trading in a car well before this work is required. Edmunds’ article, “Fix Up or Trade Up,” can help guide the decision.
Is 40 000 miles alot for a used car?
40,000 miles on the clock is not a lot of mileage. As long as the vehicle gets it scheduled servicing it should have no problems up to about 150,000 miles. Brake pads will probably need to be replaced at 80,000 odd miles, and a few other minor things may need attention, like a new battery.
Photo in the article by “Wikipedia”