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Cars With the Best Resale Value
May 23, 2013
When purchasing a new car, most people don't think about what it will be worth five, 10, 15 years from now when you decide to sell it.
The harsh reality is once you drive that shiny new car off the dealer lot, it's resale value automatically starts declining, and the truth is - some cars hold their value much better than others due to popularity, maintenance, miles per gallon, and other factors.
BankRate.com recently came out with a list of what they consider to be the cars with the best resale value. On the list - Honda Fit, Lexus GS 350, and Toyota FJ Cruiser. These cars are predicted to retain the highest percentage of manufacturer's suggested retail price after three years.
And no matter what new car you plan to purchase, make sure to use the free to maximize your overall savings.
| Category | Best Resale Vehicle | MSRP | MPG City | MPG Highway |
|---|---|---|---|---|
| Subcompact | Honda Fit | $15,425 | 27 | 33 |
| Compact | Honda Civic | $18,165 | 28 | 39 |
| Midsize | Honda Accord | $21,680 | 27 | 36 |
| SUV | Toyota JF Cruiser | $27,030 | 16 | 20 |
| Full-Size | Hyundai Azera | $32,250 | 20 | 29 |
| Luxury | Lexus GS 350 | $47,250 | 19 | 28 |
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 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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