Fashionable automobiles last more than their predecessors, however would you purchase one thing with greater than 100,000 miles on it?
February 5, 2023 at 15:35
by Michael Gauthier
The common transaction worth of a brand new automobile hit a record of $49,507 in December and that’s greater than many individuals can afford to spend, particularly given the financial uncertainty and hovering rates of interest.
This has made used cars tempting for various customers, however shopping for used entails a bit of extra thought and analysis.
One of many greatest questions is what number of miles is an excessive amount of? There’s no straightforward reply, however fashionable automobiles last more than their predecessors and the typical age of automobiles on the highway was 12.2 years in 2022. Contemplating the typical American drives round 12,000 miles (19,312 km) yearly, there’s loads of high-mileage automobiles on the market.
Additionally: Stellantis CPO Go Program Will Offer Vehicles With Up To 125,000 Miles On Them
In fact, mileage and age have a huge impact on worth. Newer and low mileage automobiles are typically the most costly, whereas older automobiles are sometimes extra inexpensive. That being mentioned, the latter probably have increased upkeep prices on account of further put on and tear.
Whereas budgets will probably dictate what you may get, what number of miles do you assume is an excessive amount of? Not way back, it appeared like 75,000 or 100,000 miles (120,701 to 160,934 km) was a purple line you didn’t wish to cross. Nevertheless, if you happen to’ve ever browsed for used automobiles, you’ve undoubtedly stumbled upon one thing cheaper or higher with some further mileage.
commercial scroll to proceed
This raises the query of would you be prepared to get one thing with 110,000 or 125,000 miles (177,028 to 201,168 km) on the odometer? Maybe much more? Tell us within the feedback under.