How many miles is too much to trade-in?

When to Trade In Your Car: The Mileage Threshold

As a car owner, you may be wondering when the right time is to trade in your vehicle. Mileage is a key factor that affects a car’s resale value, and it can play a significant role in determining how much you’ll get for your trade-in.

The 80,000-Mile Threshold

For many dealers, 80,000 miles is a significant threshold for trade-ins. This is because many manufacturers’ certified pre-owned (CPO) programs have a mileage limit of 80,000 miles. As a result, dealers may not be able to resell trade-ins with higher mileage as CPO vehicles, which can lower their resale value.

The 100,000-Mile Mark

Once a car reaches 100,000 miles, its resale value drops significantly. This is because potential buyers are more likely to be concerned about the potential for major repairs and maintenance costs on a high-mileage vehicle. Dealers may also be hesitant to take in trade-ins with mileage over 100,000 miles as they may have difficulty reselling them.

Factors to Consider

While mileage is a primary factor in determining a car’s trade-in value, it’s not the only one. Other factors to consider include:

• Condition: The overall condition of the vehicle, including its exterior, interior, and mechanical components, will affect its value.
• Make and model: The make and model of the car can impact its resale value. Certain brands and models hold their value better than others.
• Market demand: The demand for a particular make and model in your area can also influence its trade-in value.

Making a Decision

Ultimately, the decision of when to trade in your car is a personal one. If you’re looking to get the most value for your vehicle, it’s generally recommended to trade it in before it reaches 80,000 miles. However, if your car is in good condition and has been well-maintained, you may be able to get a fair trade-in value even with higher mileage.

It’s always advisable to do some research before trading in your car. Check online resources and consult with a trusted mechanic to get an estimate of your vehicle’s value. This will help you make an informed decision about the best time to trade in your car.

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