How does mileage affect the resale value of a car compared to its age?

How does mileage affect the resale value of a car compared to its age?

Mileage is a key factor in determining a car's resale value. Generally, lower mileage indicates less wear and tear, which can lead to a higher resale price. However, age also plays a significant role; older cars may depreciate more due to factors like outdated technology or design.

What is considered low mileage for a used car?

Typically, low mileage for a used car is considered to be under 12,000 miles per year. So, for a 5-year-old car, anything under 60,000 miles would be seen as low.

Does the make and model of the car influence its resale value?

Yes, the make and model significantly influence resale value. Some brands hold their value better than others due to reliability, demand, and brand reputation.

How can I improve my car's resale value?

To improve your car's resale value, keep it well-maintained, document service records, avoid modifications, and keep the interior and exterior clean.

Are there specific times of the year when it's better to sell a car?

Yes, spring and summer are generally better times to sell a car, as demand tends to be higher during these seasons.