Anyone else think this is an incorrect way to measure the roadworthyness of a used car?
No, much more wear and tear is done to an engine with constant short journeys than long, so emissions can suffer. Brakes can bind through lack of regular use, exhausts can rust through due to condensation building up thanks to the system never getting hot enough to to dry it out properly, suspension components can fail through drving constantly through the battlescarred town/city roads (motorway surfaces may not be great compared to some other countries, but they are much better than our urban roads.
That isn't to say higher mileage cars are not likely to suffer, but overall i'd say it balances out pretty well. If anything, just have all cars MOT'd every year from new.
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