Mileage vs Age: What's More Important in a Used Car

old vehicle

The dealership also wasn’t supposed to promote it to me for the $26,200 price ticket they did so the store ended up solely making $2k off me above what they paid for the car… and Subaru’s maintain their worth. I suppose I’d do the same age/mileage once more – lots of the depreciation has already hit, however the automobile is younger sufficient mileage-sensible that I still get plenty of its life. 2) I would quite buy a more recent automotive with the surplus miles, than an older car with low miles. Low mileage cars usually fetch a premium value, however the market doesn’t appear to acknowledge how a lot age deteriorates a car, even when it doesn’t get driven much.

And, as you mentioned, we now have a child (and hoping for one more one in the future) and know that Carol will be just fantastic for our family. I drive a 2008 Ford Taurus that I purchased in January of 2015 for $three,200. I’ve already put 57,000 miles on it, so it’s now over 200k. It still drives nice and has required little or no maintenance. Outside of the oil modifications, brakes, tires, and other routine maintenance that would additionally happen on a brand new automobile, I might need $500 in “outdated automobile upkeep” bills.

For instance, The Hagerty Group, a major insurer and lending agent for classic and antique vehicles, notes that some vehicles may not qualify because of how they’re used and the increased threat related to … Read More