If you’re thinking about selling your car, you probably have questions about how many miles are too many to sell it at full price. After all, the more it’s been driven, the older it gets, which means its value starts to go down. How old is too old? Where does that cutoff number lie? Should you wait to sell until after you reach 100,000 miles or 200,000 miles? To answer these questions and more, read on to discover when the best time to sell your car based on mileage is!
When To Sell Based On Mileage?
It’s a lot of money to shell out for a new set of wheels, and it can make you wonder whether or not it’s time to sell your current vehicle. By looking at how far you can get with your current car, you might find that you have more cash in your pocket than expected. Here are three different mileage levels to help you determine when to sell based on mileage.
- A) If you drive less than 10,000 miles per year: You should consider selling your car if it has over 100,000 miles. At 100k miles, cars begin to lose their value quickly and may cost more to maintain than they’re worth.
- B) If you drive between 10-15,000 miles per year: You should consider selling your car if it has between 75-100k miles. This is around average for most people, and while there’s still some depreciation left to go, you could still come out ahead by selling now.
- C) If you drive more than 15,000 miles per year: You should consider selling your car if it has 50-75k miles. Cars that are driven frequently tend to hold their value better than those used only occasionally—but there is still some depreciation after 50k miles. At 75k miles, you’re starting to get into high mileage territory and may want to consider upgrading or selling your current vehicle.
It’s important to remember that a car with lower mileage doesn’t necessarily mean higher resale value. The condition of your vehicle will play a big role in how much money you can get for it, so take care of your ride! Keep up with regular maintenance (oil changes, tire rotations, etc.) and stay on top of any issues before they become serious problems.
Sell Your Old, Scrap, Or Damaged Cars To Us For Maximum Profits
If you are thinking about selling your old, scrap, or damaged car to us for cash in Melbourne, then you have come to the right place. At Melbourne Car Removals, we buy cars from people just like you every day! The Melbourne Car Removals will give you a fair price for your vehicle based on its make and model as well as its condition.
Whether your car has high mileage or is wrecked, we’ll give you a fair price for it. We offer free towing services when we pick up your vehicle so that you don’t have to worry about getting it there. We accept vehicles of all makes and models including trucks, SUVs, vans, RVs, boats & trailers.