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What is considered high mileage for a used car? For many, the cutoff point for good mileage is somewhere around 60,000 miles. Even so, used cars are lasting longer than ever, and even a model with 100,000 miles can be a good investment under the right circumstances.
You should never invest in a pre-owned vehicle that will expire before you pay off your loan. Since most drivers put on around 12,000 miles per year, and you can estimate that a vehicle will last for roughly 200,000 miles (if not longer), you can make an educated guess as to whether or not the vehicle is worth buying!
So, what is good mileage on a used car? It’s subjective. Even if your preferred vehicle has 100,000 miles on the odometer, it may be worth purchasing if you can pay off the loan in three, four, or even five years time. Assuming you drive about as much as the average resident of Chandler or Tempe, that could leave you with at least three to five solid, payment-free years of ownership.
Mileage is important, but it’s not the only thing you should look at when you’re shopping for a pre-owned vehicle. Here, we’ve highlighted a few of the other most important factors:
If you want to be absolutely certain that you’re making a good investment, consider one of the low-mileage used cars for sale at our dealership:
Trading in your vehicle with a dealership is one of the easiest ways to bring the perfect low-mileage used car into your price range. Estimate its value online or call us today to schedule an in-person appraisal! When you’re ready, apply for financing from your home in Phoenix or Gilbert.
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