Although there is no official definition for high mileage, a vehicle with more than 100,000 miles would be considered a high-mileage vehicle. Some cars may be capable of reaching 200,000 miles or more.Know More
Some older vehicles may be classified according to the amount of miles the car has been driven rather than the age of the vehicle. Odometers in older cars didn't even measure mileage beyond 99,999. Upon reaching such a high number, the odometer would simply start over at zero. Although mileage alone does not determine the value or condition of a car, it is a contributing factor. Many cars that have reached 100,000 miles have been properly maintained, allowing them to reach such a high number of miles.
As automotive technology improves, modern vehicles may last as long as 200,000 miles. In addition to technology, budget-conscious consumers are also hanging on to their vehicles for longer periods of time rather than getting rid of them to buy a new vehicle. Therefore, it may not be long before 200,000 miles is considered high mileage.Learn More
Though the process varies by state, the process of claiming and titling an abandoned vehicle usually requires cooperation between the DMV and local law enforcement. This is to ensure that the vehicle is genuinely abandoned, rather than lost or stolen.Full Answer >
The fair market value of a car can be determined based on the year, make, model, mileage and condition of the vehicle. The car's history can also greatly alter its fair market value. The Kelley Blue Book is a great resource for accurately determining your car's fair market value.Full Answer >
Leasing a car is a good deal for drivers who trade their vehicle every two to three years, according to Kiplinger.com. However, before signing the lease, it is essential that the driver negotiate the terms to meet his particular driving habits and understands the contract. Consumers who typically continue to drive their vehicle a few years after paying off the loan in full tend to lose money with a lease.Full Answer >
Spot flood damage on a vehicle by looking for rust spots inside the vehicle, new upholstery or upholstery that doesn't match the carpet, and making sure that the vehicle identification number on the dash matches the one on the door jam. Additionally, be wary of vehicle that's priced well below book value and check whether or not all the electrical components of the vehicle work.Full Answer >