What mileage is best to trade a car in?

Trading Off: The Sweet Spot for Car Mileage

Maximizing the value of your trade-in is crucial for securing a fair deal on your next vehicle. When it comes to mileage, hitting the right sweet spot is essential.

The Golden Rule: 30,000-40,000 Miles

Studies consistently show that vehicles with odometer readings between 30,000 and 40,000 miles command the highest trade-in values. This range represents a balance between perceived reliability and depreciation.

The Steep Descent of Depreciation

After 40,000 miles, depreciation accelerates rapidly. This is due to concerns about component wear and tear, potential maintenance issues, and reduced overall lifespan. As a result, appraisals will typically decline significantly.

Understanding the Impact

For instance, a 2018 Honda Accord with 35,000 miles might fetch a trade-in value of $18,000. However, the same vehicle with 60,000 miles could be worth only $12,000, a significant drop of $6,000.

Factors to Consider

Beyond mileage, other factors that influence trade-in value include:

• Year, make, and model of the vehicle
• Condition of the exterior and interior
• Service history and maintenance records
• Local market conditions

Strategies for Maintaining Value

To maintain the value of your vehicle, consider the following tips:

• Keep your mileage low, if possible.
• Perform regular maintenance and repairs.
• Keep the vehicle in good condition with regular detailing and cleaning.
• Document all service records meticulously.

Conclusion

By aiming for 30,000-40,000 miles on your car’s odometer, you can maximize your trade-in value. Remember that depreciation accelerates after this point, so timing is crucial. By adhering to these guidelines and taking proactive steps to maintain the condition of your vehicle, you can secure the best possible return on your investment.