How does mileage effect the value of cars listed in CPI Value Guide?
Although it should be taken into consideration when appraising a vehicle, mileage should not be given disproportionate weight. The overall condition is the most important factor. A typical used car can expect to see 12,000-18,000 miles annually; an exotic car like a Lamborghini or a luxury car like a Rolls Royce average 4,000-8,000 mileswith many driven far fewer milesannually. Excessive mileage (and also excessive wear-and-tear) will likely depreciate the value of the vehicle. The precise amount of the depreciation, however, depends on a various factors: the type of vehicle, type of mileage (highway or city), routine maintenance, accidents, etc. Because of the various factors, it is difficult to accurately specify a dollar amount to depreciate for mileage. Also, many older cars have gone under complete nut & bolt restorations, essentially making them better than new. In these cases, a car with 150,000 miles on the odometer would be in better condition than cars with tens of thousands
