Many factors determine how much your car is worth, and they are similar to the factors that we consider when we are purchasing cars brand new. For example, how many miles a car is designed or expected to last is one primary concern that many buyers, both on the new and used car market, focus on.
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How expensive maintenance and repairs are ties in with this idea, as we want to know that we can afford to cover any potential issues that arise and keep the vehicle in good, running condition for as long as possible.
What is considered high or low mileage for a vehicle can vary greatly depending on several factors, and it isn’t as black-and-white as some people may initially think.
Car High mileage or Low mileage
What is considered high or low mileage on a vehicle depends on the type of vehicle and, sometimes even more specifically, the vehicle model itself. Cars like sedans and SUVs may still have lower mileage at 30,000 miles, but sports cars would be considered to have higher mileage at 30,000.
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The age of the car also determines what is considered low mileage where an older car with 50,000 miles might be considered low mileage, but the same car a year old with 50,000 miles would be considered high. The average annual miles for a vehicle is around 15,000. Multiply that number by how many years old a vehicle is, and you can guess the average expected mileage for personal vehicles.
Why do Buyers Avoid High Mileage Cars?
Mileage is one of the most significant ways to gauge a car’s life expectancy on the road, even if it isn’t the most accurate. Higher-mileage cars are typically worth less than those in the same condition with fewer miles because higher-mileage cars are not expected to stay on the road as long.
This isn’t the only way of gauging a car’s life expectancy, as you can buy cars with over 200,000 miles and still get years’ worth of quality driving with few to no problems. However, cars with higher mileage are typically generally older, which also determines how much the car is worth.
Why Car Owners Gauge a Car’s Life by How Many Miles It Has on the Odometer?
There aren’t a lot of features on your car that gauge how much it has been driven or how it has been driven or maintained. Mileage is one of the only ways buyers and sellers determine how much a car has been on the road, even if it does little to tell us anything about those miles and nothing about how hard a vehicle has been driven.
Mileage also doesn’t explain how well a car has been maintained. Still, not every car comes with verifiable maintenance and repair records, leaving us with miles as the only indicator of how much of a car’s lifespan has been used.
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