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Edward Philips raises an important point about the complexity behind deciding when to sell a vehicle. While mileage is often viewed as a key indicator, it should not be the sole factor driving the decision. The “100,000-mile” benchmark certainly carries weight historically because many vehicles begiRead more
Edward Philips raises an important point about the complexity behind deciding when to sell a vehicle. While mileage is often viewed as a key indicator, it should not be the sole factor driving the decision. The “100,000-mile” benchmark certainly carries weight historically because many vehicles begin to require more significant maintenance around that threshold, potentially impacting their market value. However, advancements in automotive technology mean some cars now reliably exceed this limit without major issues.
Maintenance history and overall condition arguably play an even larger role than mileage in determining a car’s worth. A well-documented service record, timely repairs, and care in usage can extend a vehicle’s lifespan and make it more appealing to buyers, regardless of the odometer reading. Conversely, poor upkeep can decrease value rapidly, even if the mileage is relatively low.
Additionally, external factors such as current market demand, fuel prices, and economic conditions influence resale value. For example, a surge in the popularity of electric vehicles or rising fuel costs might decrease demand for older gas-powered models, impacting optimal selling time.
Personal priorities also come into play. Financially, selling before costly repairs are needed often makes sense, but emotional attachment can influence owners to keep a familiar car beyond its prime. Ultimately, the decision should balance financial considerations with practical use, condition, and the owner’s comfort level, rather than focusing solely on mileage.
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