When selling a used car or used truck, it’s important to consider not only the condition of the vehicle, but also the mileage. Determining a fair price to sell a used SUV, truck or sedan depends on many factors – and the mileage is one of the most important components of the vehicle that used car dealerships and private parties consider.
How much mileage is too much mileage? If you’re considering selling a used car for cash, allow us to help you see the thresholds that impact selling a used truck, car or SUV.
Selling a Car With 0 to 30,000 Miles
On average, most drivers keep their vehicles until it has at least 10,000 miles. There are many reasons why. For example, they may have run up the miles quickly or want to drive a newer model that just hit the market. Unfortunately, selling a used car with less than 30,000 miles may not fare well for car owners financially. Most vehicles lose the biggest drop in value when owned for more than a year. In fact, car values often drop significantly within the first 36,000 miles until the manufacturer warranty has expired.
If you’re considering selling a used car with less than 30,000 miles, it’s best to sell a used SUV, car or truck with the lowest possible mileage to get more bang for your buck. This applies especially if you choose to trade in a used car at a used car dealership.
Selling a Car With 30,000 to 60,000 Miles
It can get tricky when selling a used car with mileage that ranges from 30,000 to 60,000. During this time, the manufacturer warranty typically expires and vehicles are in need of scheduled maintenance services. What may make a difference is the type of used car for sale you have on hand. Some manufacturers retain their value more so than other manufacturers. This matters when selling a used truck, car or SUV.
It’s best, though, if you sell before your used car for sale hits 60,000 miles. Once a vehicle hits 60,000 miles, it may be necessary to sink in some money into the vehicle for costly repairs and scheduled maintenance. The good news is that from 30,000 to 60,000 miles, your used truck for sale is less likely to depreciate in value as much as it would with more or less miles.
Selling a Car With 60,000 to 100,000 Miles
If you’re used car for sale is running smoothly and features an engine that continues to perform like a champ, this may be a good time to sell. It’s likely that by this mileage you’ve had to take the used truck for sale in for service, which may bode well with potential buyers or dealerships. Used cars for sale with 60,000 to 100,000 miles are often very attractive to buyers because they are still running strong and may be an upgrade from a vehicle the buyer is already driving.
Selling a used car with 60,000 to 100,0000 miles is also beneficial for the seller. You’ve had a chance to drive this vehicle during its best years and have probably not had to endure costly repairs. This timeframe is also financially beneficial because vehicles rarely drop in value from 60,000 to 100,000 miles, unlike when they reach over 100,000 miles.
Selling a Used Car With 100,0000 or More Miles
When selling a used car with more than 100,000 miles, it’s important to be aware that this is when vehicle values take their sharpest drop. In the eyes of car buyers, the vehicle has less value and may need extensive repairs soon. When searching for used cars for sale, many buyers also filter out vehicles that have 100,000 or more miles, which may limit your visibility when advertising to sell a used SUV, truck or car.
It is still possible to sell a vehicle with more than 100,000 miles and the vehicle may run perfectly; however, there are some obstacles to overcome when it comes to how car buyers perceive what are deemed high-mileage used cars for sale.
Don’t Trade It In
One of the best alternatives to selling a used car with high mileage is to NOT trade it in at a car dealership. Instead, consider the benefits of working with Don’t Trade It in. We are a nationwide, premier car-buying firm who prides itself on providing consumers with fair values for their used cars for sale. And, we can provide you with cash upfront to pay off your existing car loan.
Whether you have a used truck for sale, a used Jeep for sale or a used minivan for sale, simply log onto our website, upload photos and vehicle information on our online form and our team will promptly get back to you with a fair-value offer for your used car for sale. We get it. It’s tempting to trade in a car at a local dealership, but in the long run, you’re probably going to lose more of your hard-earned cash. Let Don’t Trade It In indulge you with a fair value for your used car for sale that allows you to upgrade to a premium model, pay off some bills or take that vacation you’ve dreamed of taking.