Nobody trades in a car with 200,000 miles. A dealer will give you maybe $1000 bucks? Not worth it. Most are given away or held as a spare car. Story is bunk.
I would say that the only folks doing a 200k mile car trade-in....might be college kids who inherited dad’s old car and have finally graduated from college. Otherwise, a 200k car is virtually worthless and ought to be the families ‘third’ car for junior to drive or be dad’s back-up car.
I would say this as well....if this was a Honda Civic....it’s just getting broke-in at 200k miles and might still be around at 500k miles.
GM offered me 3500 on a trade in for my 02 Chev Express with 321,000 on the clock.
Maybe it’s just the model I own, or the fact that the van runs/drives like a new van.
Or perhaps the replacement was 3500 over what they where willing to take for it.
I didn’t buy the van I was looking at, but I had the price of the new van before I told them about the trade.