Blog

Latest Industry News

The most likely to hold value

There are a host of things to consider when purchasing a new ride. For example, if you’re going to be in said car for 2 hours a day, that puppy better be kind on the backside. Nothing worse than sitting on a board in bumper-to-bumper traffic. How about the infotainment center? Yep, going to want that to be above average, and fuel efficiency, enough said. Nobody wants to be filling up every 5 days shelling out $120. That sounds like a rotten plan, but one many get trapped into principally because they haven’t done their due diligence.

Away from your personal comfort however is also choosing a car that will retain its value. Depreciation is a killer, we all recognize this. And it is impossible to curb or even control at that. But there are cars that do depreciate less than others, and for 2020 we’re going to jump into an exhaustive list, providing you the reader with a go-to guide of cars and trucks that will not end up costing you mega bucks for lack of great trade-in or resale value down the line.

Extended Auto Warranty

In general, Honda vehicle–s retain their value well. No surprise here, but what if you’re looking for something a bit more luxury than Honda. If that’s the case, try a Land Rover. On the luxury end, Land Rovers are great value-keepers, and while perhaps not as reliable as some other makes and models, if you’re likely to resell in 5 to 7 years, reliability is not really an issue.

ALG is a subsidiary of the car-deals site, TrueCar. They hold an annual “Residual Awards,” aimed at highlighting the cars with the greatest residual value once they leave the lot. And without further ado, it’s time for the list:

This survey hit roughly 35,000 car owners and in general found that the average age of trucks and cars on the road was 11.8 years. Improvements in reliability (engines lasting longer, etc) have bolstered this figure, and Honda, as mentioned earlier, was the big winner. In fact, the Japanese manufacturer took home a whopping five category wins while fellow Japanese peer, Subaru, scored with four.We know reliability and resale value isn’t everyone’s cup of tea. Some folks prefer a car they absolutely love, regardless of how much it will be worth 8 years down the line. But if you are looking for vehicles that will be generous on the pocketbook moving forward, this is the post to print out and peg on the fridge, no doubt!

Back to top
Call Now Button