A Car's Resale Value Can Go a Long Way
When determining which new car to buy, it's a smart idea to choose a car with the best resale value.
Since all cars depreciate as soon as you drive them off the lot, those that retain the highest resale value make much better purchases for that inevitable day when you want to trade it in.
2007 brands with the best resale values are Honda/Acura, Volkswagen, BMW/Minis, Land Rover and Porsche. In fact, Honda and Acura are expected to retain almost 56% of original retail prices after 5 years. Vehicles with low resale values retain a mere 18% to 20% of original value.
A strong resale value will reduce your total cost of ownership because you'll get more money when you sell it.
But if you want to lease one of those top 5 names, expect to pay more for the monthly lease.
We hope this article was helpful. But if you’d like to read more on this—or a closely related—subject, just click here.
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