Car Depreciation: What Factors Affect Car Values?

Car odometer
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Mileage

The odometer reading is one of the biggest factors in a car’s depreciation. The more miles a car has, the less it’s worth. The national average is about 15,000 miles per year; more than that will cause more depreciation, and fewer miles may make your car more appealing than the competition – and therefore more valuable – to a potential buyer. There are exceptions to this rule, however. Putting 15,000 miles a year on a sports car or luxury car – generally, any car that a typical owner wouldn’t drive daily – will be seen as excessive.

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