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Used Car Prices and Mileage Adjustment

andy2407

By andy2407
in General Automotive Chat

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andy2407 Experienced

andy2407

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Has anyone got any idea how trade sellers adjust used car prices to take mileage into account.

I seem to remember a method from way back (maybe from Parkers guides etc) that went along the lines of giving a used price for a car of average miles - say 10k a year.

Then they added a percentage for every 1000 miles below this, or deducted the same percentage for a car with above average miles.

Is this system still used, and what percentage per 1000 miles do they work on?

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