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Do miles knock off dollars?

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Old Aug 11, 2019 | 02:48 PM
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Default Do miles knock off dollars?

I can remember back in the day when my parents had cars that had 68-75,000 miles on them and the engine, transmission and other parts were falling apart. Now days with 100,000-200,000 and more are common, a question comes up.
Two trucks the same. Both with a sticker price of $50,000. Truck A is one year old and has 100,000 miles on it. Truck B is one year old and has 18,000 miles on it. Take them to the same dealer to trade in for a new truck, what could one expect for trade in price you would get for these trucks? Does miles make a BIG difference today? Your trading them in for another $50,000 truck.
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Old Aug 11, 2019 | 02:52 PM
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What you can get for a trade in varies wildly. Yes 18k vs 100k miles makes a big difference in trade in because it makes a big difference in what they expect a buyer to pay.

That said you assume 100k on a 1 year old vehicle is almost all highway/interstate so it's viewed better than a 5 year old 100k mile, as in, the mileage difference means less than the same mileage difference on an older truck.

BTW you won't get even a wild *** guess at trade value on a truck when you don't say a darn thing about what it is. Sticker price isn't all that useful lacking any other info
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Old Aug 11, 2019 | 03:38 PM
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Simply go on KBB or Edmunds, put in your specs, and vary the mileage and you will see the impact.
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Old Aug 11, 2019 | 03:51 PM
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Yes.
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Old Aug 11, 2019 | 04:21 PM
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Yes, all the different toys on the truck sure could make a big difference.
.
I did check it at KBB. About $7,000 difference. Less than I expected.

Last edited by SnowHater; Aug 11, 2019 at 04:35 PM. Reason: update
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Old Aug 11, 2019 | 04:38 PM
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Mileage matters, it's the life of the vehicle. Got to watch some of these guys that will try to sell you a vehicle and say it's just road miles, they do that to sell a high mileage vehicle and make you think you're getting a new one.200,000 is a lot of miles, even today.
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Old Aug 11, 2019 | 04:39 PM
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Originally Posted by SnowHater
Yes, all the different toys on the truck sure could make a big difference.
.
I did check it at KBB. About $7,000 difference. Less than I expected.
Toys? You asked about miles, not options.
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Old Aug 11, 2019 | 06:30 PM
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Originally Posted by SnowHater
Yes, all the different toys on the truck sure could make a big difference.
.
I did check it at KBB. About $7,000 difference. Less than I expected.
You didn't say anything about all the different toys.
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Old Aug 11, 2019 | 07:22 PM
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Toys are the seller's bargaining tool.
High mileage is the buyer's bargaining tool.
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Old Aug 11, 2019 | 07:39 PM
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"I" would not touch a 1 year old truck with 100,000 miles, but that`s just me. Others may have no problem with it.
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