Less Than 60,000 Miles or Bust

According to a study by EurotaxGlass, used car buyers are searching for quality vehicles that have less than 60,000 miles on them. Is there a reason for this trend?

Researchers for the European publication compared mileages and trade-in prices for more than 200,000 vehicles. In a not-so-surprising finding, they found higher mileages resulted in increased depreciation rates. More surprising is the fact that the largest decreases in value occurred for three-year-old vehicles with between 60,000-100,000 miles on the odometer.

Researchers used a three-year-old car with about 40,000 miles as a standard vehicle for comparison This is the typical mileage for a car of that age. They found that the value for the exact same vehicle dropped about four percent if the car had 50,000 miles on the odometer rather than 40,000.

Once the odometer reached 60,000 miles, though, the value dropped about five percent for each increment of 10,000 miles thereafter. For instance, the total depreciation for a vehicle with 80,000 miles would be about 17 percent more than the same vehicle with only 40,000 miles on it.

Surprisingly, cars that reach the 100,000-mile mark tend to depreciate much slower than the ones with only 60,000 miles. According to the Managing Editor of EurotaxGlass, this is because the owner isn’t afraid of “instant devaluation.” For each 10,000 miles after 100,000, the vehicle only drops in value by about three percent. After 200,000, it only drops by two percent for each increment of 10,000 miles.

Here’s another surprising fact: cars with less than 40,000 miles on the odometer do not always hold the best value. For each 10,000 miles less than 40,000 miles, the trade-in value only improves by about two percent.

With a certified Mercedes, you can get the best luxury vehicle for your buck. Only the best Mercedes-Benz vehicles with less than a certain number of miles earn the coveted “certified” label.” As a result, you can be sure of their long-term value and reliability.

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Filed Under: Certified Mercedes-Benz