Much like our bodies, where years cause wear to the body, so do miles add wear to mechanical parts and the cosmetic looks and condition of your car.
During the use of a car there are usually miles which accumulate and that old nemesis Vibration, Pollution, Moisture, and Sunlight, all of these factors cause aging our cars. It's presumed the more mileage on your car the older it is.
If you saw an add in tomorrow newspaper stating -For sale a 2010
Ford Mustang GT with 210,000 miles $15,000
Then another add that said-For sale a 2010 Ford Mustang GT with 15,210 miles
$15,000.
Which one would you most likely buy?
Now ask yourself why?
Too many miles on the first Mustang.
Food for thought.
depends on the car, but most depreciate about 30% in the first year.
Absolutely
mostly American muscels
The value of the car will depreciate as soon as you drive it off the lot. Less spending made the value of many stocks depreciate.
a lot
Frequent Flyer Miles do not depreciate over time. You can keep accumulating them for as long as you want without losing any, even if it means saving them for years.
20% (A+)
20% (A+)
Mini Coopers tend to depreciate slowly.
3357.80 (A+)
New cars depreciate a lot faster than used vehicles will. It is projected that a car will depreciate about 20% in the first two years, and 15% for the next five years.
If the damage is minor, and the damage is fixed correctly, there should be little to no depreciation. In the case of a major repair, the car should not depreciate more than a few hundred dollars, if repaired fully and correctly.