Used car prices could depreciate once this amount of miles are on the clock (Image: Getty)
Used car owners should consider selling their second-hand or vehicle when it reaches this exact number of miles, according to experts.
Specialists at have pointed out that between 60,000 miles could be the
The experts stress that cars can devalue quickly after this stage with valuations tending to be down 27% lower with 60,000 miles on the odometer than at 50,000.
The simple tip could ensure road users are not caught out and lose money on their models
Paul Baker, Managing Editor at previously warned it was crucial for owners to weigh up their options.
Values could drop once cars have reached 60,000 miles (Image: Getty)
Speaking last year, Paul said road users should consider taking advantage of the used car market
Paul explained: “Our data highlights just how crucial it is for car owners to act quickly. Waiting around to sell could result in a substantial drop in valuation price, and owners selling at the right time becomes key to get the best valuation for their car.
“Of course, there are many factors that can affect the value of a car, such as the model and any modifications that have been made.
“However, mileage is one of the key factors that affects a car’s value and understanding just how much will help car owners in their decision-making.”
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Motorists once models cross the 100,000 mile threshold.
According to experts, these models have a much lower value than the average used car with road users losing almost £1,000 for every extra 10,000 miles.
Specialists at have warned that a number of factors will determine how much vehicles are worth in the second-hand car market.
Previous owners, warranty and service history as well as brand reliability will also play a part in overall prices.
However, they also stressed that mileage plays an important role with cars covering higher distances worth less than machines which have barely been used.
commented: “The more mileage your car has on the clock, the less your car is worth. The average UK annual mileage is around 8-12,000 miles per year. Doing a lot more will mean your car depreciates faster.”