5 Cars With the Highest Resale Value
EL SEGUNDO, CA, - Many factors can influence a buyer's decision when shopping for a new car, but one of the most important and overlooked attributes is how well the new model will retain its value. The average car depreciates 11 percent simply by being driven off the dealer's lot and another 15 to 25 percent for every year of ownership, according to Edmunds.com. With statistics like these, it's easy for car owners to lose money on the purchase of a new car, or end up with an upside down auto loan.
The majority of vehicle owners don't plan to own a new car for its whole life. By purchasing cars with the highest resale value, consumers will get the most out of their investment down the line. To help consumers find the top cars that hold their value, Go Banking Rates investigated the cars that received a 2013 Best Resale Value Award from Kelley Blue Book and chose the five that offered the greatest value.
"As manufacturers continue to compete against each other to offer customers the best style and value, car shoppers who know the cars with highest resale value can save thousands of dollars down the line," says Jennifer Calonia, GoBankingRates.com editor. "With the help of our report, buyers can keep an eye out for cars that hold their value, limiting the financial strain of depreciation all cars eventually experience."
Go Banking Rates names the five new cars with the highest resale value. The full consumer report also includes tips for car owners for keeping their car's resale value high.
View the full consumer report on cars that hold their value click here.
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