How Does Mileage Affect Car Values?

When buying a car, most people have specific requirements on their wish list — style, colour, functionality, and very often the mileage and vehicle history.

Mileage matters to buyers because it indicates how much use the vehicle has had: the higher the mileage, the longer the engine and other components have been on the road and under stress compared with an equivalent lower-mileage vehicle.

The effect on value is significant. A quick search of car-sales adverts shows differences of up to 40% between almost identical vehicles where one had covered 30,000 miles and the other over 100,000.

Some would argue buyers are over-cautious — modern cars, looked after and regularly serviced, will keep going well past 100,000 miles. But there is no getting away from the fact that a lower-mileage car will always be worth more than the same vehicle with more miles on the clock — which is exactly why an odometer that misreads is a real financial problem, and why the law requires any correction to be disclosed when a vehicle is sold.

Dash Wizard are specialists in digital mileage-correction services and can help when an odometer needs resetting following an accident, dashboard damage or an electrical fault. For more information, contact us on 07958 171 171.