Toyota Brand Awarded Best Resale Value by KBB
December 10, 2009
Many car shoppers never realize depreciation is the biggest cost when it comes to owning a new car. After 3 years, most new cars are worth about half what they were brand new. For a $30,000 car, the cost is equivalent to $5,000 per year.
It's important to pay attention to residual values and choose a car that will retain its value, especially if you intend to sell it within 5 years.
Kelley Blue Book just announced the results of its "2010 Best Resale Value" award winners and Toyota won the best brand for the first time since the awards began in 2003. Lexus was also awarded the best Luxury brand.
As for individual cars, here are the top 10 best cars to own when it comes to resale value:
- Audi A5
- BMW M3
- Chevrolet Corvette
- Chevrolet Camaro SS
- Honda CR-V
- Mini Cooper
- Mini Cooper Clubman
- Toyota Prius
- Toyota RAV4
- Toyota Tacoma
To see the full list and winners by category, check out KBB's press release
Get My Free Weekly Advice on Car Buying
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
Why I Recommend CarWoo as the #1 Tool for New Car Shoppers
is hands down the best car buying tool I've tested so far. I recommend it not only to my readers, but to friends and family because it saves time and hassle while getting you a great deal (plus it's free). It should be the first step you take when negotiating car prices. You should follow that up with my checklist
to make sure you get the best possible deal.
- Gregg Fidan
About: Gregg Fidan
Gregg Fidan +
is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
Recent Tips, News, & Incentives
May 16, 2013
May 9, 2013
May 2, 2013
April 25, 2013
April 18, 2013
April 11, 2013
April 4, 2013
March 28, 2013
I welcome your car buying questions. Email Me and I'll be glad to answer them!