2018 Best Resale Value Cars
Chances are, you are not going to drive a new car forever and choosing a vehicle that holds better resale value than others, is one of the easiest ways to save money when buying a new car.
“Buyers always look at many vehicle features, like color, gas mileage or engine size, but resale value is a key point to measure when buying a new car”, says the President and General Agent of American US Insurance, an independent Florida insurance agency dedicated to car insurance, among other lines of business in the state.
When you are in the process of purchasing a new car, several factors are to be taken into consideration, but the item that often is missed by many buyers, is resale value. Some vehicles hold their value progressively, while others don’t. During the first five years of new car ownership, depreciation is a bigger expense than fuel, maintenance or insurance. Those cars with the luxury of maintaining its value, when you do decide to sell it, whether it is in five or ten years, your overall ownership cost can directly benefit from the money you recoup. That's why choosing a vehicle based solely on the best loan rate or the biggest incentives, is not enough to guarantee you'll get the most out of your vehicle.
According to Kelly Blue Book’s annual Best Residual Values Awards, the following list holds the top 10 vehicles with better resale value than others from last year.
Top 10 cars with better resale value Award for 2018
2018 Toyota Tacoma
Resale value at 36 months: 69.6%, at 60 months: 61.1%
2018 Toyota Tundra
Resale Value at 36 months: 64.7%, at 60 months: 54.2%
2018 Toyota 4Runner
Resale Value at 36 months: 65.8%, at 60 months: 54.2%
2018 Jeep Wrangler
Resale Value at 36 months: 65.2%, at 60 months: 54.1%
2018 GMC Sierra
Resale Value at 36 months: 58.4%, at 60 months: 51.9%
2018 Chevrolet Silverado
Resale Value at 36 months: 57.6%, at 60 months: 50.4%
2018 Ford F-Series
Resale Value at 36 months: 58.7%, at 60 months: 49.6%
2018 Chevrolet Colorado
Resale Value at 36 months: 60.5%, at 60 months: 47.5%
2018 Honda Ridgeline
Resale Value at 36 months: 60.7%, at 60 months: 46.7%
2018 Subaru WRX
Resale Value at 36 months: 57.8%, at 60 months: 46.2%
The information is relevant no matter what type of vehicle owner you are. Obviously, if you are the type of customer who buys a new car every few years and needs to sell or trade in the older model, it is intelligent to know what cars are likely to retain its value, because the resale price affects the general cost of ownership. We at American US Insurance wish you a safe and happy car purchasing journey.