What Mileage Should Be Expected on a Used Vehicle?
What Mileage Should Be Expected on a Used Vehicle?
Posted on September 26, 2020
When it comes to buying a used car, there are a few different things that you should pay attention to. One of the most important things to note is the mileage. Of course, the older the car is, the more miles it will have on the engine. Knowing what to look for when it comes to mileage will help you find the right car for the best possible price. Nexcar Auto Sales & Leasing has put together a simple guide on price, mileage, and reliability to help you when buying a used vehicle.
How Mileage Affects the Value of a Car
A few things can affect the value of a car. Two of the same cars with the same specs can have vastly different resale values, and a lot of that is due to the mileage. The more a car is used, the higher number of miles it will have. This translates to more wear and tear on the engine and other moving parts. As a result, the car will be more likely to need repairs and additional maintenance in the coming years.
While all used cars will have some mileage, that doesn’t mean that they are not worth the purchase. Buying a used car is a great way to save money while also getting a vehicle that has several years of use left. The more miles on a car, the lower value it will have, but that doesn’t always mean the car will run poorly.
How is Mileage Calculated?
Mileage is broken down into 50,000-kilometer batches. Some specific things happen at set intervals such as the end of a manufacture warranty, a lease termination, and other milestones. No set mileage determines when a car is no longer serviceable, but it is a general indication of how much a car has been used. Every car buyer has a different budget. Those with smaller budgets may choose a well-maintained car with higher mileage. Car buyers with a bit more wiggle room may opt for a lower mileage vehicle instead. It is important to purchase your used car from a reliable dealer regardless of the mileage.
How Mileage May Effect the Price
In general, as the mileage goes up, the price goes down. Other aspects such as the number of owners, car type, model, and even the extras included in the car can change its final cost. Many brands build sturdy cars that can run for years or even decades regardless of the mileage. Trucks with higher mileage tend to be more durable than cars with the same amount of mileage simple because of how they are built. If you are looking to get the most for your money, keep an eye on the mileage but also the other factors.
Average Used Car Mileage Expectations
In the past, a car that had more than 125k km would be listed in the lemon pile, but with today’s changes, this is considered it's prime. Thanks to modern advances in manufacturing, cars are much more durable and last longer than ever before. A new car with no miles will lose a good chunk of its value the moment you drive it off the lot, but you can save by purchasing the same model, but used.
Buy a Good Used Car Locally
If you are looking for an affordable used car in the Toronto (metro area), we can help. Nexcar Auto Sales & Leasing has a diverse stock of pre-owned vehicles at affordable prices. No matter what your budget, we are sure to have a vehicle that meets your needs. To find out more about reliability, pricing, mileage, and more, give us a call at (416) 633-8188 today.