Here’s something I’ve been wondering: Why did odometers typically read only to 100,000 miles until fairly recently? Was that the maximum cars could possibly last when the practice began? Was it marketing — “100,000 miles, need a new car”? Is it something else? Durability expectations were certainly raised when Volvo added another digit, and with good reason. Two hundred thousand miles or more now seems to be feasible for many cars, with others known for exceeding that.
The odometer limitation certainly creates lots of doubt in the market for older vehicles. 50,000, 150,000, or even 250,000 miles are possibilities for a given vehicle.
On a related note, why are dealers so committed to ensuring no owner documents are provided with a used car? Even when buying an obviously well-maintained car at a reputable dealer, all I got was a whispered, “The timing belt has been changed.”
I look forward to hearing your thoughts.
The 5-digit odometer’s longevity was likely due to multiple factors:
- Manufacturers don’t care, as they save money deleting unnecessary parts, instead adding new features/colors and trim/styling to provide consumers a reason to buy a new car. (Optimistic angle.)
- Manufacturers don’t care, as they willingly engaged in systematic planned obsolescence (pessimistic angle) and I wish you good luck in proving this.
- The State of New York demanded it by 1993, so automakers finally had a reason to add the extra cost and/or recalibrate their Canadian kilometer doohickies to read a proper American mile.
- America has a strong culture of considering vehicles over 100,000 miles on the odometer as “over the hill.” Odds are you, dear reader, disagree, but you know many that consider otherwise.
Which is pathetic, but even the open market punishes used vehicles for crossing the 100,000-mile threshold upon trade-in. Would you rather have a “low mileage” 5-digit car over a high mileage car that did the dreaded roll over?
Much like the Dow breaking 20,000, this is an arbitrary threshold with no effect on your vehicle (or portfolio). It’s not like your 401k is now worth eleventy billion dollars in the Super-Mega Bonus Zone. An abused/neglected 60,000-mile car is far worse than a loved vehicle with 120,000 miles on the clock.
Regarding your last question, ask for the vehicle’s complete CarFax and walk away if you don’t get it. (Granted, we all know how that system can be gamed.) The number of variables in a transaction are mind-numbingly complex, made easier if you can afford the monthly payment on a brand spankin’ new loss-leader subcompact car instead. But not everyone wants or can use a Nissan Versa-esque vehicle, so I always recommend a PPI if you’re buying used with any doubts.
[Image: © 2017 Steve Lynch]
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