Is there such a thing as too many miles on a vehicle?

[Jerry Worley]

Just talking to a fellow tbher the other day when I did his insurance.

I am a bit of an old timer I will admit, but I can remember there was a day that you got rid of your ride before it got to 100,000 miles. Primarily because the value dropped so much afterwards. It seems like more and more people are driving them even well beyond 200,000 and still asking serious money for them.

Under what conditions would you buy a vehicle with "high mileage" on it?

[M16]

The only time I'd buy a high milage vehicle is if I couldn't afford a low milage vehicle.

[Jerry Worley]

That's what I was thinking.

[PondPopper]

My 94 GMC has 240,000 on it. Runs like a top. I drive it everyday. It is in the shop less than all the new vehicles that belong to my buddy's.

My dad's 7.3 1 ton 4x4 ford has over 700,000. He drives it daily.
His new Dodge 4x4 1 ton Cummings stays broke down.

You do the math.

I also have a
97 z71 4x4 truck 168,000
97 Z71 Tahoe 4x4 115,000.
96 Z71 4x4 truck 158,000
All great vehicles

I wouldnt trade any of them for a new truck.

[Landrover]

I buy 1-2 year old vehicles as depreciation is around 12-20% when driven off a new car lot. I buy my vehicles cash also. I do keep them for what most call very high mileage......07 Tundra CrewMax bought with 26,000 miles from private seller..........it now has 251,000! I will keep thru this year and then buy a 2014 probably. I sell my high mileage vehicles to private buyers for cash and never trade-in. HINT: I keep my vehicles in pristine condition internally & externally and do very well even with high mileage! It is not a perfect system but it works for us.

[BrandonH]

I'm not sure about buying high mileage due to not knowing how it was taken care of. However my current 2003 Chevy 2500 has a little over 300k miles on it and I have no intentions of getting rid of it over the next several years.

[chancito1]

My dad has an 03 Chevy gas with 350k on it. I would have no problem buying a 7.3 or 5.9 with 200k on them.

[elkbowhunter]

had a 1981 Toyota 4x4 that had 350K on it in Montana.Sold it to a ranch and its still running.Beat the heck out of that truck back in the mts all the time. I bought it with 100K Highway miles on it. I did service it well. I think now a days a 100K is just getting broken in.....welll unless its a chevy or a ford.

[Bill]

I don't agree on the price dropping over 100k miles. The largest price drop is the first mile driving new off the dealer's lot.

There's 2 questions. Keep a vehicle over 100k or buy one. Engines drive trains are built better and last longer than 30 years ago when the rule was trade in st 60-70k. If you maintain it, the cost if ownership is lower budgeting in repairs.

Buying one over 100k? Too much risk since you don't really know how it was driven and maintained.

[duck'n]

My 4runner had 140,000 when a drunk totaled it. I planned on keeping it indefinately. I replaced it with an 06 Tacoma with 80,000 miles. Same plan. My wife's 05 suburban has 108,000 miles and still runs great. She wants a newer one but only because the kids trashed it when they were younger. My MIL's 06 suburban gas 140,000 miles and still runs strong.

[deer farmer]

I own a company where we put around 70,000 miles per year and at todays prices on vehicles, we drive them till they start going to the shop for constant repairs. Most of the miles are highway miles. On average we trade them out about every 170,000 miles. Just some of my experiences.

[30-30]

I buy 1-2 year old vehicles as depreciation is around 12-20% when driven off )

I don't agree on the price dropping over 100k miles. The largest price drop is the first mile driving new off the dealer's lot.

I think enough people got on this bandwagon that new cars don't depreciate as much as they used to. It seems that a lot of 1-2 year old trucks are being sold for just a few grand less than what they cost new...

[panhandlehunter]

I bought a 2011 Tundra Crewmax 4x4 with 36k miles on it for $24k in 2012. I never buy new. My truck before that was a '05 Cummins and sold at 278k miles for $12k. Truck before that was an '01 Tacoma and sold at 374k miles for $5.5k. Hoping to hit at least 250k miles on my Tundra. I just do routine maintenance. Don't drive them hard. The money you save buying used and driving for years is worth it.

[JW]

If I got rid of my truck at 100,000 I'd have to buy another every 2 years. Screw that!

[Black Ice]

My 94 GMC has 240,000 on it. Runs like a top. I drive it everyday. It is in the shop less than all the new vehicles that belong to my buddy's.

My dad's 7.3 1 ton 4x4 ford has over 700,000. He drives it daily.
His new Dodge 4x4 1 ton Cummings stays broke down.

You do the math.

I also have a
97 z71 4x4 truck 168,000
97 Z71 Tahoe 4x4 115,000.
96 Z71 4x4 truck 158,000
All great vehicles

I wouldnt trade any of them for a new truck.

He should have bought a cummins, those dang Cummings stay broke