What Mileage is Best to Trade or Sell Your Vehicle?

August 22nd, 2023 by

Mileage is an important metric. It can determine your vehicle’s value as well as the remaining service life. Generally, used car buyers are more appealed to buy lower mileage vehicles. However, selling your car too early can cause you a substantial amount of money. Letting those miles rack up though isn’t good either. Therefore it’s essential to sell your vehicle at the right mileage. Don’t know what mileage range is best? well no worries, keep reading to find out.

0-30,000 miles

New vehicles depreciate most within the first year of ownership. That decline in value continues until the manufacturer’s warranty expires. Which is around 36,000 miles or three years. At this mile range, you should have no problem finding a buyer. Although, buying a new vehicle every two or three years will cost you substantially over time. We recommend only replacing a young lower mileage vehicle if your intention is to own the latest model.

30,000-60,000 miles

If your vehicle is within this mileage range you have probably ran into some minor issues. Nonetheless, if you’ve been keeping up with your scheduled maintenance, it’s unlikely you will face an expensive repair. Unless of course your vehicle was involved in an accident of sorts. This is a good mile range to trade or sell your vehicle as it will lose value significantly slower than the previous mile range. During this bracket a vehicle is five years old so to avoid putting up with expensive repairs down the road, selling would be a great option.

60,000-100,000 miles

This mile range is a good time to sell as you’ve made your investment worthwhile with usage. Your car is having been well maintained will still be in good driving order, there is definitely a higher risk of an expensive repair to run properly, but it should still be dependable.

Above 100,000 miles

At 100,000 miles or above vehicle buyers will have less of a desire to your vehicle. Even if it continues to drive well it is more likely to require extensive repairs, making it a risky purchase for the buyer. With that being said though it is not impossible to sell or trade in this bracket, you might just not get what you hoped for in price.

In conclusion, if you’re looking to sell or trade your vehicle anywhere between 30,000- 60,000 in mileage range is where you’d see the most interest and value for your vehicle.