Nothing sucks more when you're selling a car than finding out it's worth less than you thought it was going to be. But what if getting a few hundred more dollars for your car meant all you have to do sell your before too many digits turn to zero again?
A study by the University of Chicago's Booth School of Business claims that used car prices make aggressive drops at intervals of 10,000 miles, so at 50,000, 60,000 and 70,000 miles and so on.
By contrast, there was much less differentiation between prices of cars within a 10,000 mile spread. A car that just exceeded the next-highest 10,000-mile interval was worth more than $200 less in some cases than a car with just 100 fewer miles.
It's worth noting, too, when buying a used car that has a listed mileage approaching or just exceeding a big milestone. Who knew just 100 miles could make that much of a difference in price?
Photos: Getty Images, University of Chicago