When selling a used car, its all about the mileage! However, what you may not know is that a few thousand miles can make a big difference on the sales price. With 10,000 miles or less, the average sales price is somewhere in the range of $17,000 – $18,000. As expected, when the mileage increases, the average sales price continues to drop at a pretty even rate. However, looking at the price of a car with 49,000 miles, compared to a car with 50,001 miles, the price change is quite dramatic – dropping from $12,500 down to $11,000 or less.
So when it comes to selling or buying a used car, keep in mind that it only takes 1,000 miles to make a big difference!!