When the buying frenzy is upon us and we’re being lured by all the shiny new metal, gleaming plastic and cool customizations and electronic devices in a new car, we don’t tend to think much about resale value and depreciation on our investment in an automobile. But we should. Regrettably, most cars tend to lose about 50% of their value within the first five years of ownership. For those who may plan on owning a new car for seven years or so, and then selling it and buying another new car, resale value and depreciation are very important issues.
Think about it – if you buy a new vehicle for $25,000 and 7 years later it’s only worth $10,000, you’ve lost a considerable amount of money on your purchase. Homes, which tend to be the most expensive purchase a consumer makes over a lifetime appreciate in value slowly, and that’s a very good thing. But cars go down in value due to wear and tear, improving technologies, rust and entropy, better gas mileages with each passing generation of automobile innovation.
To help you make the best buying decision, we are proud to present a list of the cars that hold their resale value best according to the Kelley Blue Book. The Blue Book itself can give you a list of the criteria used to determine resale value; we’re just giving you the list of the cars that hold their resale value the best as a sort of stimulus to get you thinking along this important train of thought. And here they are, below: