High Miles??

[covetsthesun]

My 2004 Silverado has over 370K "official" miles on it. The engine was replaced at 189K and trans was just replaced (brakes, alternator belts, hoses, rotors replaced at various times).

I've noticed that some of you have been looking at older trucks and suvs. What is considered high miles these days? I looked at a 2018 Traverse with 60,000 plus miles. We could put 40 on that puppy in less than two years and be facing another repair/replace scenario. Also looking at trucks...with the same questions. What is high miles? DH and I are not DIY's and use dealer services.

We're also past our "best by" date...Him late 70s and me at 70. Thanks in advance for advice and experience! CTS

[colliehauler]

Different for different people. My sister trades vehicles every 2 years regardless of miles, usually under 20k. My vehicles I'll run over 250k. I have never had to replace transmission. I have replaced a motor in a Ford Diesel 6.0 at 263k. Just last week I had the head gaskets replaced on a gas 5.4 at a cost of $3200. Previous owner had put in a rebuilt motor but the head gasket leaked on the drivers side.

I have a truck fund that is invested in the market. I make enough each year to pay for any repairs and my fuel for the year without touching the principal.

Another factor is the cost of personal property tax, sales tax and insurance on a new vechicle compared to a older vechicle.

I joked with my mechanic when he retires I will have to start purchasing new vehicles again.

[Lwiddis]

Gasoline with provable maintenance and towing 50%...100,000 IMO. Without...don’t consider.