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Honda and Lexus Rated Best for Resale Value

Best Resale ValuesHonda and Lexus took home the top prizes in Edmunds.com's inaugural Best Retained Value Awards, which recognize the brands and new car models that have the highest projected residual value after five years.

Honda won the 2011 brand award for non-luxury makes, while Lexus took home the award for luxury brands.

Honda's average projected retained value is 50.4%, while Lexus' average projected retained value is 48.1%.

These award winners help shoppers choose a car with high-retained value so they can maximize savings when it comes to trade-in or selling the vehicle down the road.

A high resale value also makes it less expensive to lease the vehicle. Here is the full list of winners:

2011 Edmunds.com Best Retained Value Awards
Model-Level Winners
Category Year Make Model ^Retained Value
*Sedan Under $20,000 2011 Honda Civic 51.9%
*Sedan Under $20,000 2011 Mazda MAZDA3 51.9%
Sedan $20K-$30K 2011 Honda Accord 48.2%
*Sedan $30K-$40K 2011 Acura TL 48.0%
*Sedan $30K-$40K 2011 Acura TSX 48.0%
Sedan Over $40K 2011 Lexus GS 350 45.8%
Coupe Under $25,000 2011 MINI Cooper 54.2%
Coupe $25K-$35K 2011 Ford Mustang 48.8%
Coupe $35K-$45K 2011 Infiniti G Coupe 46.6%
Coupe Over $45,000 2011 Ford Shelby GT500 48.1%
Convertible Under $35,000 2011 MINI Cooper 54.4%
Convertible $35K-$45K 2011 Lexus IS 250 C 48.9%
Convertible Over $45,000 2011 Chevrolet Corvette 47.3%
SUV Under $25,000 2011 Honda CR-V 54.4%
SUV $25K-$35K 2011 Jeep Wrangler 53.5%
SUV $35K-$45K 2011 Lexus RX 350 49.6%
SUV Over $45,000 2011 Lexus GX 460 47.8%
Wagon Under $25,000 2011 Scion xB 49.6%
Wagon $25K-$35K 2011 MINI Cooper Countryman 52.5%
Wagon Over $35,000 2011 Audi A4 45.4%
Hybrid 2011 Toyota Prius 49.7%
Compact Truck 2011 Toyota Tacoma 57.1%
Large Heavy Duty Truck 2011 Ford F-350 Super Duty 50.2%
Large Light Duty Truck 2011 Toyota Tundra 50.0%
Vans 2011 Honda Odyssey 49.8%

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

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About The Author

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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