If you think that it’s only your children’s milestones which you should be on the look-out for, then it also pays for you to pay attention to your car. Whether you’re trying to buy a used car or getting ready to let go of yours, it’s an overall good idea for you to keep track of the car’s milestones.
Depending on a car’s mileage milestones, the value of a car can increase or decrease commensurately. Taking note of how many miles are on your car will serve as a guide for you to sell while your car’s value is still up. At the same time, the miles on a car will help give you a hint as to whether or not you’ll be doing a lot of maintenance on your would-be vehicle.
30,000 to 40,000 Miles
New cars often come with a manufacturer’s warranty that covers three years or 36,000 miles, whichever comes first. Often times, it is during this milestone when majority of cars are returned back from their first owners to the dealers. And at this point, your car’s manufacturer will also call a first major car servicing which includes more than just an oil change or tire rotation. And if your car already has a number of “worn items”, they have to be replaced at this point.
What does all this mean for you? If you’re thinking about selling your car, you can get the best value if you sell before you reach the 36,000-mile mark. And if you’re thinking about buying a used car, make sure that the car has completed all the maintenance work required during this milestone.
60,000 to 70,000 Miles
During this milestone, your car will have to be serviced once more and it’s going to cost you more than during the first milestone. For instance, you might have to change the timing belts which can easily cost $300. Modern cars will probably need less maintenance but generally, cars in this milestone will need their brakes and tires to be replaced. If you’re thinking of buying a car with this many miles on it, make sure that you take note of all the maintenance work that has to be done.
Photo source: http://www.flickr.com/photos/nrmadriversseat/6937142411/
Around two decades ago, a car with 100,000 miles is considered as running on borrowed time. However, with the advancements in car engineering, cars at this milestone are still considered as reliable. Nonetheless, cars sold at this milestone would have significantly reduced values.
Anthony Robert is passionate blogger on topics about cars. He provides great insights and advice about purchasing used cars in perth.