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I currently own a 2001 Nissan Pulsar Hatchback; I have had it for at least three or four years. I paid $6,200 for it from a dealership. I would like to know what my car would be worth now. What is the typical lifespan of this car?
Your car is probably still worth around $4000 to $5000 depending on condition and kilometres. The catch is that you won’t be offered that much if you use the car as a trade-in, and the value I’ve quoted would be to sell the car privately, not back to a car dealer. A lack of demand for good used cars is keeping values a little higher (a lot higher in some cases) than they might have been, so even though your car is still worth decent money, you’ll pay a bit extra for whatever you replace it with.
As far as lifespan goes, that has a lot more to do with maintenance than any other factor. If your car has been serviced by the book, there’s every chance it could last for 200,000 to 250,000km and perhaps even more. But I’ve also seen neglected cars die incredibly young.
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