Find the Best Car Deals Near You ⤵
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
3 Steps Every Car Buyer Needs to Take to Save Maximum Money
The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:Step 1 Get Prices From My Trusted Network
Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).Select Vehicle to Get Local Pricing
Step 2 Get Prices From TrueCar / CarsDirect
TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.Step 3 Complete my Checklist
Follow this up with my checklist to make sure you squeeze out every last bit of savings.- Gregg Fidan
Signup for The Weekly Newsletter
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
About The Author
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.
Latest Weekly Car Buying Tips
March 2023
- Worst Cars to Lease Right Now Mar 23, 2023
- Cars With the Largest Rebates Mar 23, 2023
- Real Prices of Compact Cars Mar 23, 2023
- Which Cars Better to Lease or Buy Mar 23, 2023
- Top 100 Cheapest Lease Deals Mar 16, 2023
- New Cars with the Most Available Inventory Mar 16, 2023
- Biggest Discounts on New Cars Mar 16, 2023
- Real Prices of Large SUVs Mar 16, 2023
- Best Bang for Your Buck Lease Deals Mar 09, 2023
- Best Electric, Hybrid Lease Deals Mar 09, 2023
- Best 0% Finance Deals March 2023 Mar 09, 2023
- Price Comparison of Subcompact SUVs Mar 09, 2023
- Top 100 Cheapest New Cars Mar 02, 2023
- Best Car Deals Around the Country Mar 02, 2023
- Real Prices of New Compact SUVs Mar 02, 2023
- New Cars You Should Wait to Buy Mar 02, 2023
February 2023
- Best Car Deals by Category Feb 23, 2023
- Real Prices of Midsize SUVs Feb 23, 2023
- Lease Deals with Loyalty & Conquest Rebates Feb 23, 2023
- Real Prices of Midsize Cars Feb 16, 2023
- Real Prices of Pickup Trucks Feb 09, 2023
- Cheapest Luxury Lease Deals Feb 02, 2023
I welcome your car buying questions. Email Me and I'll be glad to answer them!
