When you think about trading in your vehicle, you may be associating a trade in with the 100,000-mile mark. So what is the best mileage to trade in a car? Can you trade in a car with high mileage? Learn more about trading in your vehicle with our finance team a Ole Ben Franklin Motors in Knoxville.
There are three major mileage points a vehicle can experience, according to the experts at Edmunds. Each one will affect the overall trade-in value of your vehicle. One important aspect of trading in a vehicle is making sure any required service or repairs are taken care of.
Around this mileage mark, there are a few major repairs that need to be taken care of. Also important to note is that the bumper-to-bumper warranty typically expires. Because vehicles depreciate at a slower rate in the first three years of ownership, this is the best time to trade in your vehicle.
In order to get the vehicle’s maintenance repairs covered before trading in your vehicle, you can expect the cost to be over $300 to replace common “wear and tear” items such as tires. You’re more likely to get more for your trade-in when you better care for your model.
The more miles your vehicle is driven, the more service visits you’ll need. This could lead to your brakes needing replaced along with your battery and timing belt. These could be very costly, but need to be done before bringing your vehicle in.
So can you trade in a car with high mileage? Trading in your vehicle with these mileage marks is still possible, you’ll just need to recognize that your model has already taken a big hit in depreciation.
While there are many vehicles being sold past the 100,000-mile mark, the price you’ll get for trading it in at this point will drop. It’s best to sell your vehicle to a dealership before this point. Dealers will typically see this as a wholesale-only model for auction as most Sevierville drivers tend to stay away from high-mileage used vehicles.
Ready to sell us your vehicle and get behind the wheel of a new model? Check out our online inventory to find the right model for you and your Farragut driving needs. Have questions in the meantime about our models, trade-in tools, and more? Don’t hesitate to contact our team.
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