Honda and Lexus Rated Best for Resale Value
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:
|*Sedan Under $20,000||2011||Honda||Civic||51.9%|
|*Sedan Under $20,000||2011||Mazda||MAZDA3||51.9%|
|Sedan Over $40K||2011||Lexus||GS 350||45.8%|
|Coupe Under $25,000||2011||MINI||Cooper||54.2%|
|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 $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%|
|Large Heavy Duty Truck||2011||Ford||F-350 Super Duty||50.2%|
|Large Light Duty Truck||2011||Toyota||Tundra||50.0%|
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe 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 NetworkSelect 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).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, 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 ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
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