Complete guidance about Sell a Car Mileage Wise

Adrians Australia October 12, 2021

3 min read

The value of your car depreciates with time due to its mileage. If you have a car with 100,000+ mileage, you should consider selling your car without any more delay.

Milestones of Miles Driven

0 to 30,000 miles

If your vehicle is still new and has minimal mileage, you should only consider replacing it if your goal is to buy the most up-to-date models rather than obtaining the most value out of each one. It's generally known that a new vehicle depreciates by at least 10% the moment you drive it off the lot. So trying to sell your car at this time is definitely not a good idea.

And if you sell your vehicle at this mileage, you're almost certain to find a buyer, and you'll earn more money than you would at any other time.

So, if you enjoy new vehicles and are able to buy the most recent model on a monthly or yearly basis, sell as soon as you think you'll be able to recover the most money.

30,000 to 70,000 miles

Your vehicle will receive its first service at this mileage range, and you will most likely encounter some small faults that will need to be addressed. And if you don't want to spend a lot of money on repairs and new parts, selling before 70,000 miles is a reasonable option.

However, unless the car is damaged in some way, it is doubtful that it will require an expensive repair during this time period.

It will continue to depreciate in value but at a far slower rate than it did in its early years.

Your vehicle warranty may expire at this period. So, selling your car after 60,000 miles is a very good time.

70,000 to 100,000 miles

This mileage is an excellent time to sell if you want to get the most mileage out of your vehicle. You'll have gotten a lot of use out of the car for the money you paid for it at this mileage, so it's probably a good idea to sell it and hunt for something newer.

You most probably had to make one or two costly repairs to keep it operating properly, but if you have it serviced on a regular basis, your vehicle is unlikely to entirely fail you.

100,000+ miles

At 100,000 miles, a car's value depreciates to its lowest point. Buyers consider cars with more than 100,000 miles to be less desirable, even if they are in excellent condition. So, you will have some difficulty to trade-in your car or sell it privately. You will be offered less because it will also require the purchasers to spend on repairs and fixes.

And at roughly 150,000 miles, vehicles are sold for scrap and not much else at this time.