From 121,000 miles, what is the next mileage price drop on a 2009 Suburban

Asked by Apr 19, 2017 at 09:12 AM

Question type: Shopping & Pricing

1 Answer

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Since the value of a car drops much faster in a short time after you buy it (about $3,000 dollars right after you drive it off the lot!) and much slower as time goes on, the actual price drop for a used car after each mile it has been driven is not constant. For the first three thousand miles or so, cars usually drop about $5,000-$10,000, so it averages out to around $1.50 to $3 per mile. After that, the price drop is lower, and can go from around $.25 to $.50 per mile. These are only estimates, and the actual price drop also depends on the model of car you are looking at and where you are buying

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