The average transaction price of a new vehicle hit a record of $49,507 in December and that’s more than many people can afford to spend, especially given the economic uncertainty and soaring interest rates.
This has made used cars tempting for a number of consumers, but buying used involves a little more thought and research.
One of the biggest questions is how many miles is too much? There’s no easy answer, but modern vehicles last longer than their predecessors and the average age of vehicles on the road was 12.2 years in 2022. Considering the average American drives around 12,000 miles (19,312 km) annually, there’s plenty of high-mileage vehicles out there.
Also: Stellantis CPO Go Program Will Offer Vehicles With Up To 125,000 Miles On Them
Of course, mileage and age have a big impact on price. Newer and low mileage vehicles tend to be the most expensive, while older vehicles are typically more affordable. That being said, the latter likely have higher maintenance costs due to additional wear and tear.
While budgets will likely dictate what you can get, how many miles do you think is too much? Not long ago, it seemed like 75,000 or 100,000 miles (120,701 to 160,934 km) was a red line you didn’t want to cross. However, if you’ve ever browsed for used vehicles, you’ve undoubtedly stumbled upon something cheaper or better with some extra mileage.
This raises the question of would you be willing to get something with 110,000 or 125,000 miles (177,028 to 201,168 km) on the odometer? Perhaps even more? Let us know in the comments below.
