We are back with another exiting issue of High Mile Futures, where we feature cars that aren’t quite at the legendary levels of 350K+ Miles, but well on their way. Shall we get started with this month’s line-up?
2006 Toyota Matrix – With 254,236 Miles – Sent by Lisa
By Lisa: I bought my 2006 candy apple red Toyota matrix brand new! Myself and everyone who knows me calls this amazing car “Ruby”. After all, after all of those miles she is definitely deserving of a name. I have done only basic and routine maintenance and no repairs of any kind have been needed. I am a social worker for the severely disabled and she gets me to see my 56 clients day in, day out! I am also a single mother so the amazing reliability of this car has been such a blessing! I continue to drive her every day and plan to teach my son, who is 13, how to drive in her. Thank you Toyota for providing me with such a safe, reliable and FUN car for the last 10 years! Here’s to many more and my next Toyota when she retires!
1999 Honda Accord – With 240,141 Miles – Sent by Zach
Zach has owned this car since November of 2015 when it had about 220,000 miles on it. He’s had few problems with it. The only thing that’s gone wrong was that the starter went out, and a slight oil leak. Other than that Zach says it runs great. His goal is to get to 300,000 miles.
1999 Honda Civic lx – With 333,333 Miles – Sent by Michael
By Michael: I got all 3s on my Honda Civic (trip meter as well as odometer) on the 26th of June 2016 in LA.
This is the first and only car I’ve ever had and has been across the country 5 times…from the snows of New Hampshire to 5 month long camping trips with a tent…she has been everywhere…lasted longer than my marriage:).
I hope to keep it running to see all 4s on the odometer.
2009 Honda Civic GX – With 218,389 Miles – Sent by Jack
Odometer Reading: 218389
By Jack: Hello. I have a 2009 Honda Civic GX with “only” 218,389 miles on it. I’m happy with the car, but I got T-boned and I expect that it will be totaled.
(Yikes. Actually, I guess this car won’t be going any further in the high-mile category. He did have an insurance question. Perhaps someone out there could help.)
I’m concerned about the insurance company’s valuation for the car. While it is higher than online valuation computers (Kelley Blue Book, et al.), it still doesn’t seem to fit the market in my area. Since this is a CNG fueled vehicle, that makes it more difficult to price. CNG incidentally, does burn cleaner than gasoline with fewer engine contaminants.
My adjusted market value was $6,987. This is based on comparison with two other vehicles of the same year and trim:
32,000 miles for $10,500
123,000 miles for $9,999
Since this represents a small drop in value over 91,000 miles, it’s difficult to extrapolate depreciation over the next 95,000 miles. I also question if such a sharp drop in valuation is fair.
That’s all for this month. I hope to see you all in August. Until then, keep on driving.