As a rule of thumb, the average car will rack up 20,000 km per year ﾗ the distance manufacturers use to determine standard warranty coverage. A seven-year-old model should have 140,000 to 150,000 km on the odometer. If it has traveled considerably more, deduct cash for high mileage. The ideal answer is yes.

Annual mileage is a set amount of miles specified on a car leasing agreement. For each year of the agreement, a maximum amount of miles that the car can drive is set and should not be exceeded. This limit is decided when the agreement is taken out by both the lender and the customer.

Less wear and tear. We want to stress that this is only theoretically true; even a car with very low mileage can turn out to be a total beater if it hasn't been cared for properly. But all else being equal, lower miles mean you can expect a longer life from most components, which helps keep ownership costs down.