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New Cars With the Best Resale Values
June 20, 2013When buying a new car, it's smart to choose ones that are going to retain their value, so when it comes time to sell, you get to keep more of your hard-earned dollars. According to Edmunds.com's third annual Best Retained Value Awards, Jeep and Acura took top honors when it comes to resale value, .
The awards recognizes the brands and new car models that have the highest projected residual values after five years based on their average True Market Value (TMV) price when sold new.
Jeep won in the non-luxury division with a projected 50.6% residual value after five years, while Acura won in the luxury division with a projected five-year residual value of 45.1%. Additionally, Edmunds.com also gives out model-level awards in 22 different categories. For those, Ford and Toyota tied for the most awards with four each.
The following is a full list of the 22 model-level winners and their projected five-year retained value. Considering purchasing one of these vehicles? Don't forget to use use the free RydeShopper to get the biggest discounts.
|Category||Make||Model||Projected Retained Value|
|Convertible Under $35,000||Ford||Mustang||48.3%|
|Convertible Over $45K||Ford||Shelby GT500||48.4%|
|Coupe Under $25,000||Honda||Civic||49.9%|
|Coupe $35K-$45K||BMW||3 Series||45.2%|
|Coupe Over $45,000||Chevrolet||Corvette||49.6%|
|Large Light Duty Truck||Chevrolet||Silverado 1500||54.5%|
|Large Heavy Duty Truck||GMC||Sierra 3500HD||52.7%|
|Sedan Under $20,000||Ford||Focus||54.4%|
|Sedan Over $40K||Porsche||Panamera||43.6%|
|SUV Under $25,000||Nissan||Rogue||48.2%|
|SUV Over $45,000||Lexus||LX 570||50.5%|
|Wagon Under $35,000||Toyota||Venza||48.9%|
|Wagon Over $35,000||Ford||Flex||43.4%|
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).
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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
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About The AuthorGregg 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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