: Is There a Best Age or Mileage to Sell / Trade a Vehicle?



c5 rv
07-19-05, 09:57 PM
In the past, I've had dealers tell me to trade before 75K or 60K or 50K or 3 years, etc. From your experience, is there a best time to sell or trade a car or truck before the value plummets? Do the price / age and price / mileage graphs look linear or like hockey sticks?

Ralph
07-19-05, 10:13 PM
From what I've seen on dealership lots, 100k or 62,000 miles, after that and you won't get as much for your vehicle.

Just what I've noticed.

Playdrv4me
07-19-05, 11:16 PM
Absolutely, in the U.S. at least, 70K is pretty much the ceiling for anything less than 10 years old. Past that they instantly start looking at your trade as a wholesale proposition. Of course thats not all there is to it, if you have a desireable vehicle with a strong resale value thats been well taken care of, sometimes you can get a little more, but you have to remember that to the next buyer searching the online ads and browsing the lots, the dealer spiffed up 2001 STS with 48000 miles will always be more appealing than the 75000 mile one that has zero problems and is probably better taken care of, and buyers will be just as adamant about getting the dealer to lower their price. This is the reason why the number one question out of every dealer's mouth when you say "Im trading that in" is "How many miles are on it?". Generally 12-15000 miles per year is a healthy average, a 2004 with 45000 miles is just as bad as a 2001 with 85.

This is why Ive learned to purchase my used vehicles with WELL below average mileage. For example, the 740 down there has 30k on it and its a 2001. That leaves me a 20-40000 mile cushion to drive it and STILL be at industry average even after all those miles! Since at the longest interval I usually will keep something about 2 years, that should be plenty reasonable for me to get a strong amount for it at the end of my time with it.

Private sale... eh, thats a different story, private sale is really all about you matching up with the right buyer. If you find the right person to buy your car, and adjust your price to a reasonable number, you wont take as BIG a hit for mileage, but you will still have to pay for it.

Sandy
07-19-05, 11:19 PM
5 years & hopefully not more than 50,000 miles, is that lowest amount of loss -vs- the most amount of use. Until the 4th year depreciation is gigantic. The fourth year completed it levels off, and throws you a bonus in very little depreciation on the 5th year. Best time to sell it (privately is best for YOU), is at the start of the car's actual 5th year on the road.
Example: You take delivery on April 1st 2004, buy as new one on April 1st 2009.

powerglide
07-20-05, 03:58 PM
I'm wondering if there is difference at 100K miles.....psychologically the 6 figures mileage probably has an effect.

I am coming up on 100K on my deville (currently at 94K) I think its a good time to sell it right now, otherwise keep it for a few years well into 6 figures......what do you guys think?

Sandy
07-20-05, 06:48 PM
Final Wash Time.

Young people do not wince so badly at high mileage as do people over 40. Most 20 year olds will be glad to take a shot at at a 85,000 mile car, and frequently get very good deals on cars that serve them well. Older people will NEVER take the chance. Some of them consider 50,000 miles too high !
I learn this when I sold new cars for only 27 years.

Fred.atwood
08-20-16, 01:07 AM
In the past, I've had dealers tell me to trade before 75K or 60K or 50K or 3 years, etc. From your experience, is there a best time to sell or trade a car or truck before the value plummets? Do the price / age and price / mileage graphs look linear or like hockey sticks?

Hey,
As I believe that most cars come with a bumper-to-bumper factory warranty that expires at either 36,000 miles or three years, whichever comes first. This is first turning point where usually first owner return the car to the dealer, According to my experience the at the age of 75,000 miles cars need brakes, tires, maintenance, timing belt and on harsh note piston as well. Before this period between 60,000 to 70,000 is the best time to sell a car usually to get nominal cost.
I would suggest you to go through more detail of car selling and buying advice on internet just to get aware about the right time and cost of ownership a car. For now I got these little blog with amazing information in general. Hopefully this will help with a lot of information.
http://www.dmv.org/buy-sell/selling-your-car/best-times-to-sell.php
https://carnity.com/advice/car-selling/5-ways-to-know-for-repair-car-replace-car-r60/
http://www.telegraph.co.uk/motoring/caradvice/7560227/Best-times-to-buy-and-sell-cars.html

Good day.

MrHolland
08-20-16, 01:30 AM
11yr old thread, mining the archives huh...

Submariner409
08-20-16, 09:18 AM
He has his forum settings on "View oldest posts/threads first" so none of the newer info comes up on a search - it's all dead history.

Ranger
08-20-16, 11:25 AM
Unlike someone asking for help on a specific problem, this thread is rather unaffected by time.

CadillacLuke24
08-23-16, 05:30 AM
True. It's interesting to see what generational differences do to this perception.

For me, 100k is nothing, if the car is cared for. Despite my Hellen Keller-esque driving, Alexandra is in great mechanical shape (relatively) and I'd drive her anywhere once I get the new control arm in (If I wasn't going to be restoring her :D)

Dad recently remarked that, when he was a kid, 100k was the end of the road for a car. His 06 DTS has 98k, and he continues to be amazed by how well the car handles, and how sturdy the whole vehicle seems. Had he not seen the odometer, he'd guess 30k, not 98k.

I'd venture to guess that I'll have both vehicles WELL into 6 figures. Depending on how long my Dad keeps some of his current vehicles, I may be doing the same with a Camaro or DTS

vfaninva
08-23-16, 08:24 AM
^^Buying a high mileage American vehicle built in the 2000's isn't as big a risk as it was for most of the prior 30 years when quality was a lower priority.

Like your dad, I still shy away from American cars with more than 50k+ miles. Old paranoia's are hard to overcome.

rodnok01
08-23-16, 09:57 AM
While the drive train definitely seem to have improved, time just takes it's toll on the rest of the car. Here in the south a 75k 6 year old car is still nice but in the snow belt it's already rusting. I still don't look at over 100k cars just due to "stuff wears out" factor and I usually keep my vehicles a long time. Now the few I've bought with over 125k were only temporary and I knew it and both turned out to be turds as expected.

ben.gators
08-23-16, 11:44 AM
Alexandra is in great mechanical shape (relatively) and I'd drive her anywhere once I get the new control arm in (If I wasn't going to be restoring her :D)


Oh gosh, here we go again! Yeap, literally anywhere, including farms, ditches, etc...:D

CadillacLuke24
08-24-16, 04:38 AM
I'll have you know I've kept her on dedicated roads since the fencing incident! :rolleyes:

Hoosier Daddy
08-25-16, 10:48 AM
You can sell your cars? [/my wife]

rodnok01
08-25-16, 09:12 PM
You can sell your cars? [/my wife]
Sell/junk/move to friends barn and claim to sell... Think we're splitting hairs.