At What Mileage Is It Suitable to Replace a Private Car?

[RowanDella]

It is generally more cost-effective to replace a private car after 4–5 years of use. The specific reasons are as follows: 1. The vehicle will have some wear and tear, requiring replacement of certain parts, and the maintenance cycle will shorten, but the basic performance remains relatively good. 2. After about four years, the car model will have undergone updates or generational changes, but it remains a popular type in the used car market. Depending on the mileage and condition of the car, the depreciation rate is typically around 40%–60%. 3. The longer a car is used, the higher the depreciation rate. If replaced within one to two years, the depreciation rate is the highest—although resale is quick, the depreciation rate can be as high as 20%–30%.