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  •  » Drop in value at $100k? How about cracked windshield?

#1 2016-04-26 17:17:09

n_r_child
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From: Denver. Past: Detroit & NM
Registered: 2005-06-14
User Number: 215
Posts: 4185

Drop in value at $100k? How about cracked windshield?

I have had vehicular ADD for a while, but have managed to avoid giving in to temptation.

A coworker commented on my increasing mileage the other day- a shade over 98,500- and recommended I sell / trade before hitting the magic 100,000 mark. He based that recommendation on the belief that it is easier to obtain financing for a a 5-digit vehicle than for a 6-digit vehicle. It makes a certain sort of sense but I have no idea if there is any truth to the idea.

And how badly will a cracked windshield affect value? I have bad luck with replacement glass, seemingly always within a day of replacement a rock will fly from the vicinity of Mars in order to damage the new one. Since my current crack is nowhere near my line of sight, I've lived with it for years.


le sigh

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#2 2016-04-26 17:45:26

ikbrown
long live R0LO!
From: Fair Oaks, CA
Registered: 2011-10-06
User Number: 6094
Posts: 5258

Re: Drop in value at $100k? How about cracked windshield?

I'm curious about the 100k mark and value - if there is any legitimate data to back up the befief that value decreases when going over 100k. Ability to obtain financing would be one data point, the sale values of cars just over and under would be interesting as well. For subies since the standard service interval for the timing belt is 105k I'd imagine it'd be just the opposite - cars just under 100k that didnt have that service done would probably sell for less than one just over 100k that had the timing belt done.

With yours I would say it's so close to 100k as to not make much of a material difference. Is your cracked windshield sealed to prevent further expansion of the crack?


2015 Subaru Impreza Hatchback | #dadcar
2005 Saab 92x Aero 5MT | The basic mods, Stage 2.04
1968 Dodge Charger 383 | WIP, restored almost everything but body work

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#3 2016-04-26 18:34:47

n_r_child
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From: Denver. Past: Detroit & NM
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User Number: 215
Posts: 4185

Re: Drop in value at $100k? How about cracked windshield?

ikbrown wrote:

I'm curious about the 100k mark and value - if there is any legitimate data to back up the befief that value decreases when going over 100k. Ability to obtain financing would be one data point, the sale values of cars just over and under would be interesting as well. For subies since the standard service interval for the timing belt is 105k I'd imagine it'd be just the opposite - cars just under 100k that didnt have that service done would probably sell for less than one just over 100k that had the timing belt done.

With yours I would say it's so close to 100k as to not make much of a material difference. Is your cracked windshield sealed to prevent further expansion of the crack?

From a practical standpoint, being at 98k vs 102k seems the same- a few dozen dollars difference in value. But if there is validity to the lending issue- well, I'd prefer not to have issues like nicholast has selling his EJ207-equipped ride; it'll also impact me via trade-in if the dealers think they'll have a hard time getting the next buyer financing (of course, at near 100k, I expect mine would get the whole sale treatment so maybe it doesn't matter). FWIW, I did my timing belt 10k or so ago based on age more so than mileage.

Windshield isn't sealed, but the crack has been stable for a year+ (what started as a chip spread within a few hours, so it was too large to do anything about it; there was some further expansion within the first couple of months but it hasn't budged noticeably since).


le sigh

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#4 2016-04-26 20:29:37

dotmaster206
Member
From: Denver, CO
Registered: 2012-03-10
User Number: 7123
Posts: 2121

Re: Drop in value at $100k? How about cracked windshield?

It is true for financing that most banks won't finance a car over 100k. However, most banks won't finance 10+ year old car anyway, so the mileage is probably a moot point.

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#5 2016-04-27 07:36:38

Skorpion25i
Just a dumb 20-somethin' year old
From: Epping, NH
Registered: 2013-10-12
User Number: 11520
Posts: 2022

Re: Drop in value at $100k? How about cracked windshield?

However if you're selling your car online, most websites have a filter for "100k miles or less" now you're not getting less for your car persay but you're taking away from all the potential buyers


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2016 Subaru WRX. Crystal White Pearl 13.8 @ 100.5

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#6 2016-04-27 12:43:23

n_r_child
MFIC
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From: Denver. Past: Detroit & NM
Registered: 2005-06-14
User Number: 215
Posts: 4185

Re: Drop in value at $100k? How about cracked windshield?

dotmaster206 wrote:

It is true for financing that most banks won't finance a car over 100k. However, most banks won't finance 10+ year old car anyway, so the mileage is probably a moot point.

D'oh. Didn't think about that aspect. Maybe there is a silver lining to our cars being cheaper than comparable WRXs?

Skorp wrote:

However if you're selling your car online, most websites have a filter for "100k miles or less" now you're not getting less for your car persay but you're taking away from all the potential buyers

Also a very pragmatic point.

Thanks, guys.


le sigh

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#7 2016-04-27 16:39:52

cjaama
Member
From: albany, ny
Registered: 2007-03-09
User Number: 1885
Posts: 1100

Re: Drop in value at $100k? How about cracked windshield?

I think a lot of people have 100kmi in their head as the expiration date for a car and find that sixth digit on the odometer unsettling.
I think people would be more apt to buy a car <100kmi for the same reason they'd want to buy a car for $9,999 than $10k.  People are kinda dumb.
Also, in NY if you buy a car from a dealer with less than 100kmi the dealer has to warranty it for 30 days/1kmi.  So, people might be willing to pay slightly more for a car with some kind of warranty than a car with none.  I'm not sure if this is the case in other states.


'05 Desert Sand Aero> '96 Volvo 850> '13 Passat/'97 Wrangler> '16 Chevy Volt/'04 Wrangler LJ> 2019 Wrangler Unlimited Rubicon

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#8 2016-04-27 17:07:32

mbandi
Mmmmmmm Scooby!
From: Transfer, Pa
Registered: 2011-01-31
User Number: 5179
Posts: 309

Re: Drop in value at $100k? How about cracked windshield?

arrow-up Not the case in Pennsylvania, but you make a valid point.


SOLD: The Wife's 2005 9-2X Aero, 4EAT, Midnight Black Mica
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#9 2016-06-30 20:03:46

TNAero2005
Member
Registered: 2016-05-14
User Number: 36665
Posts: 31

Re: Drop in value at $100k? How about cracked windshield?

Very Interesting and yes some people are probably dumb enough to believe a car with 95k miles for 10,000.   Is a smarter deal than a car with 107k for 8,000.     It really depends on the way it was driven.......i have a 1992 honda civic vx with over 350k miles and drive it every day.   I know you are talking from a finacing point and i dont know anything about that, i try not to finance but i wish someone would shed some light on this.


2005 Saabaru Aero 5MT, 1994 Integra jdm built GSR, 1995 Impala SS Candy blue 20s, 1994 Jeep Wrangler 5sp body & suspension lift 35s, 2003 Acura TL Type S, 2003 Honda CRV, 1966 Chevelle SS Clone 402 BB, 1999 Chevy Silverado LT, 1992 Honda Civic VX Gas Miser, 2005 Ninja 250R,  1986 Toyota Truck........Admitted Car Hoarder.........and knowing is half the battle.

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