Tags: best | resale | value | cars | car residual value | car valuation | car depreciation

Which Cars Hold Their Value Best?

Monday, 27 Dec 2010 04:12 PM

Every commodity in today’s world is salable, whether it is property, vehicles, jewelry, or gadgets. The difference is that the price of some commodities increases, while that of others depreciates on resale.

Vehicles are one such commodity whose price depreciates with use. This means that the amount of money you will get when you sell your vehicle is always lower than the amount you pay when you purchase it. In such a situation, you need to evaluate the vehicle you buy so that you get the best value for your purchase. It will help you to know what cars keep their value the best.
When you opt for a new vehicle, here are the points you should check to know if your choice will give you good value:
  • Check Forbes and Kelley Blue Book to find the latest cars on the market. The latest cars that they recommend are BMW's, which they say are expected to retain their value for up to four years.
  • Check if the model you choose will have a high resale value, if and when you plan to sell it. In spite of car depreciation costs, a car can fetch a good resale value if it is in high demand and low supply. The resale value of a car is also determined by the brand and increases if the car is in good condition. Find out the car's depreciation value before you purchase it.
  • Check for the car’s residual value. It is said that BMW’s 7-series model has the best residual value. If the demand of the car is high while the supply is low, then the car’s residual value will go up. Honda Accord Hybrid, Infinity G35 Coupe, Lexus GX 470, and Mercedes-Benz SL500 are said to have good residual value.
  • Check if the model you buy is in high demand.
  • Check the features of your car. Alloy wheels, a good sound system, and keyless cars have a good resale value. Colors such as black, grey, white, or silver are safer than bright colors.

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