Out of Control
Join Date: May 2008
Location: Dallas Texas
Thanked 468 Times in 376 Posts
You would actually need to compare different years with the same mileage (not mileage per model year). If you buy a new car in August and sell it after 4 years the total mileage when you sell it after 4 calendar years will be the same regardless of the model year of the car.
So compare a 2008 with 60,000 miles vs a 2009 with the same 60,000 miles.
To get a more accurate valuation you have to compare cars of different years with mileage appropriate to that year. I figured 12,000 mikes per year so the 5 year old car would have 60,000 miles and the car one year newer and one year older would each have 12,000 miles difference. If you compare a 2008 and a 2007 with the same milage you can't differentiate the age of the car without the variable of milage.
2013 Accord Coupe EX-L San Marino Red
2015 CR-V EX Urban Titanium Metallic
2007 Fit Sport Silver 65,000 miles and going strong.
Previous Honda: 2000 Accord Coupe, 1994 Accord Wagon Red, 1988 Prelude White 5 speed manual, 1981 Accord 4 Door Ivory 5 speed manual
Previous Cars before Honda: 73 Mazda RX2 manual, 63 VW Bug manual, 63 Alfa Romeo 2600 Spyder manual, 70 Toyota Crown manual, 59 Vauxhall Victor manual (worst car ever produced, a pre Yugo, Yugo)