Top 10 Cars with the Best Resale Values
Most people don't realize the biggest cost of car ownership is depreciation.
The average car loses about 50% of its value after only 3 years.
This isn't a problem if you intend to keep your car until the wheels fall off, but for those who like to trade up every 3 to 6 years, this can result in big losses.
But you can hedge your losses by purchasing a car that holds its value better than similar cars in its class.
Especially if you plan to sell after 2-3 years.
The following list comprises the top ten car models that retain their value best over the long haul.
Note that most of these vehicles rarely see rebates, nor do they end up as rental vehicles - which helps fend off depreciation.
- 2011 Toyota Prius
- 2011 Honda CR-V
- 2011 Lexus RX 350
- 2011 Nissan Maxima
- 2011 Acura TL
- 2011 Honda Fit
- 2011 MINI Cooper
- 2011 Subaru Legacy
- 2011 Honda Odyssey
- 2011 Hyundai Elantra
My Recommendation for Car ShoppersTrueCar No-Haggle, Edmunds Price Promise, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
California Residents - Important:There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.
- 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.
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