when to sell my 2008 hyundai sonata(before it loses complete market value? it is at 152,100 miles. i am the 2nd owner?
- River EuphratesLv 710 months agoFavorite Answer
Your 11 year old 152K mile Sonata has already lost the majority of its market value (and it lost the majority of what it had before when the first owner drove it off the lot).
On the upside, there are any number of people out there willing to overpay for high-mileage vehicles as long as they are in functional condition.
- STEPHENLv 710 months ago
You're the 2nd owner. You can't sell it because it isn't your car.
- ScottLv 710 months ago
You're too late.
- Anonymous10 months ago
Kind of late now. It has very little value left to lose. Keep driving it. At this point, its value won't really continue declining. But any money spent on its maintenance will not add to its value either.
$300 on new tires don't add $50 to its value.
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- AlCaponeLv 710 months ago
Any car that is 11 years old and with 152K miles has already lost most of its market value. Another year or two won't make that much difference in terms of dollars.
- Donald KLv 610 months ago
At this point it doesn't really matter. Value, on Hyundais especially, is like a logarithmic curve. It rapidly loses value in its first few years, and then it gradually slows down. There is a bigger difference in value between 40K and 80K miles than there is between 100K and 200K. Sell it if you want, but don't feel like the clock is ticking. It isn't.