I am in market for a SUT and have noticed anything over 100,000 miles goes in the $20,000 but one you drop below 70,000 miles the price jumps to $30,000s. It doesn’t matter year it can be a 08 with 120,000 and it will be $27,000 or a 04 with 40,000 and your looking down the barrel of $35,000. It seems there is a magical line in the 90s to low hundreds that something happens.
is there maintenance issues to look for over 90, is there a huge service due at that time? Just trying to figure this out. I don’t mind the miles as long as there isn’t a problem that I am not aware of.
Please chime in on your thoughts, knowledge and / or experiences. TIA

 

Pretty much, any luxury vehicle will plummet in value with 100k miles

 

Have a read............Just like Sweet 16 or the Big 4-Oh, a used car has significant turning points in its lifetime. In the case of a used car, these aren't birthdays but instead mileage milestones, and they can affect the car's value. If you're planning to sell or trade in your car soon, keep your eye on the odometer and sell before hitting these significant mileage points. If you're buying a used car, you should also know about these milestones and understand that extensive maintenance may soon be due — or should have been done already.

While the mileage always affects the price of a used car, and is factored into the Edmunds . com Market Appraisal Tool, three mileage markers have a greater impact on a used car's price. Here's the breakdown

First Turning Point: 30,000-40,000 Miles

Most cars come with a bumper-to-bumper factory warranty that expires at either 36,000 miles or three years, whichever comes first. This is the point at which many cars are returned to the dealer from the first "owner," meaning the person who leased the car.

In addition, a car's first major service visit usually comes in the range of 30,000-40,000 miles. This is when the carmaker calls for more than just an oil change and tire rotation, and it's not uncommon for this major service to cost more than $350. In addition, certain "wear items" may soon need service. Wear items are things such as brakes and tires that are expected to wear out, as opposed to things that break and need to be repaired.

With this in mind, anyone getting ready to sell a car would want to put it up for sale a few thousand miles before the 36,000-mile mark or before the major service visit. Anyone shopping for used cars in this range should check that the required maintenance has been done. A savvy buyer could use the fact that the service hasn't been done yet as a bargaining chip to make a lower opening offer.

Second Turning Point: 60,000-70,000 Miles

The second major service visit is sometimes even more expensive than the first. This is particularly true of cars that have timing belts, which coordinate the turning of the pistons and the camshaft. If this belt is not changed, it will eventually snap and could cause engine damage. This service item alone costs at least $300.

By the time a car has 60,000 miles it will almost certainly need tires and brakes, although more modern cars are going farther with less maintenance. Still, a seller can save money by selling or trading in a car well before this work is required.

A buyer shopping for a good used car should look up the major service visits for the specific make and model and make sure the work has been done on the car under consideration. Also, buyers should check tires and brakes and use the information on their condition when negotiating the price.

Third Turning Point: 100,000 Miles

Twenty years ago, if a car had 100,000 miles on it, it was likely to be running on borrowed time. But cars are becoming more reliable and long-lived, so today's 100,000-mile car is likely still in its prime. Perceptions haven't kept pace with engineering, however, and at the 100,000-mile mark, there is a significant drop in a car's value. For example, CarMax, the used-car store, will buy cars with 100,000 miles on them, but it won't resell them to consumers. It will send them to used car auctions where other dealers might buy them at deeply discounted prices.

With this information in mind, consider selling your car while it still has fewer than 95,000 miles on it. By doing so, shoppers using online sites will find your car if they set mileage limits below the dreaded 100,000-mile mark.

 

Thanks Doc,

I was figuring something like that. You went into depth on it. That is greatly appreciated. I had already decided to keep the price down and miles at a minimum in that mileage zone. 120,000 and clean very little surface rust fluids and service 90% proof it was keep up. New tires , only know current issue is the rear roof marker leak. Already took care of that by changing to LED and sealing the hole under the lights.

 

None of the above applies to luxury or exotics (H2 included) where many 10 year old cars are selling for a higher price then when they were selling for, USED, a decade ago. The 04-2013 Gallardo are just one example. Ferraris and other Lambos are further examples. Ditto for some ordinary Corvettes.

The used car market is crazy and distorted.

My 2007 H2 is worth more today than it was 10 years ago.