At What Mileage Milestone Does a Car’s Trade-In Value Drop the Most?
A vehicle’s trade-in value experiences its steepest drop after passing the 100,000-mile mark, where appraisal offers typically decline by 15% to 25% due to reduced retail buyer demand and upcoming major component maintenance. Secondary depreciation steps occur at 36,000 miles when factory bumper-to-bumper warranty coverage ends and at 60,000 miles when most powertrain warranty terms…