Years ago, if a vehicle had 200,000 miles on it, consumers and automotive specialists would consider this extremely high. Over the past few decades, when the odometer would turn over 200k, most car owners would know it’s time to invest in a new one. Nowadays, though, everything is different thanks to advancements in technology. Not only has technology grown in ways to provide the utmost comfort and safety in vehicles, but it’s also helped improve gas mileage. Your average SUV 15 years ago would get between 12 to 16 mpg to the gallon. Now it’s not uncommon for newer SUVs to get as much as 27+ mpg on the highway.
Technological improvements have turned today’s society into one that doesn’t view a vehicle with 200k+ miles on it as something not worth investing in. High mileage does play a negative role in the overall resale value of a family car, but if you buy one outfitted into newer technology, you will likely get anywhere from 100 to 200k more miles out of it. Cars these days are designed using unique concepts and materials, which enhances their ability to stay on the road longer. If you’re wanting to save money when buying a new family car, make sure you consider all of your used car options. Buying a used car can also help lower insurance premiums.
Contact Mid Atlantic Insurance Financial today to learn more. With connections to local car dealers and great financing options, Mid Atlantic can help you a great used car for your family. And we can even provide premium quotes while using all discounts that you qualify for.