Prestige cars with 150,000 miles plus readily finding homes, reports Glass's
The firm reports that a healthy market has developed for prestige cars that would once have been considered almost unsaleable.
Rupert Pontin, head of valuations, said: “A high-level Mercedes, BMW, Audi or Jaguar that has covered 100,000-150,000 miles at five to eight years old is probably worth at least 10% less than identical models that have only done an average of 10,000 miles per year.
“However, if it has been properly maintained, the starship car probably looks every bit as good and, thanks to good build quality, is probably not much less reliable or much more expensive to run.
“Buyers are waking up to the fact that these vehicles represent something of a bargain and we are seeing an increase in demand. There are also a number of specialist dealers that specifically supply this sector.”