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False. The truth is there is no magic number. Mileage does play a role in a vehicle’s value, but not as much as you might think. As a general rule, the value of your vehicle will drop slightly with every 10,000 miles you add. But according to Edmunds data, there is no major drop-off at any certain milestone. Even the infamous 100,000-mile mark is not a value-killer as long as the vehicle is in good shape.
False. Some experts will tell you not to buy your lease at the end of the term for a number of reasons. The price is often non-negotiable, the prices can be sometimes out of touch with the market, and none of your lease payments have counted toward this purchase. But here’s why you should reconsider.
True and false. The end of the year sales might be the best time for buying a new car, but the trade-in numbers favor a different time of year. Values tend to be higher in the first two quarters of the year, with larger drops in the final two quarters.
True. “The first hit on the car is basically immediate,” said Richard Arca, director of vehicle valuations and analytics for Edmunds.
RV and trailer sales increased this summer amid the pandemic. But what’s the best vehicle to tow them? Here are five highly rated crossover SUVs.
Amid the virus pandemic, Americans aren’t driving as much. Here's a list of tips to keep vehicles in shape even if they’re being driven less.
California-based Lucid Motors, revealed details of its all-electric sedans that are capable of producing 1,080-horsepower and going over 500 miles on a single charge, depending on which one you buy.