When you shop dealers or surfing the Internet for a vehicle your very first thoughts are price and miles
Yes we all want low mileage... however sometime you can come across a vehicle with high mileage thats been maintained much better than same model with much lower mileage...this is where you better have done some homework...you must judge performance overall condition along with justifying what the price difference should be for fair market value
EXAMPLE... 2 identical vehicle's being 2 model years old with same features ( AND CONDITION ) except one has got 40.000 KM and the other 62.000 KM... what would be a fair price difference...for most consumers the 22.000 KM difference would be about a year of driving...If the vehicle is in the $ 20.000 range or less the higher mileage vehicle should have a sticker price from $ 1200. to $ 2000. less...
The depreciation factor buying a brand new car can be as high as 30% from what you paid out the door, being 0ne model year old till about six model years old the average depreciation factor will be about $ 2500. a year while cars higher in value will have a much higher yearly depreciation factor.
If your shopping for a vehicle in the $ 6000. range or less, Miles - Year - Make or model takes a back seat to CONDITION ... a vehicle with 120K can be in much better condition than same vehicle with 60K, Summary, dont shop miles in low price range, shop condition.
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