Cars with the best resale value mean more money in your pocket
Cars with the best resale value could mean more money in your pocket at trade-in. Resale value is the amount the car will be worth 3 to 5 years from the time of purchase. It is determined by an estimated amount of money that the dealer would offer you in exchange.
Kiplinger has compiled the following list of the 10 most important resale cars of 2012:
- Ford Focus Hatchback SE – The best option for cars under $ 20,000.
- Mini cooper countryman – Best option for cars that cost between $ 20,000 and $ 25,000.
- Mini Cooper Coupe S – Number one slot machine for cars that cost between $ 25,000 and $ 30,000.
- BMW 128I Coupe – Top for cars that cost between $ 30,000 and $ 40,000.
- Audi A7 Quattro 3.0 Premium Plus – Top slot for cars over $ 50,000.00.
- Ford Mustang – Head of the sports car class.
- Subaru Forester 2.5 XT Touring – Top in line for small crosses.
- BMW X5 35I – Voted best for midsize to large SUVs.
- Jeep wrangler sport – Number one for truck-based SUVs.
- Toyota Sienna 7 Passenger V6 – Best option for vans.
According to Jessica Anderson of Kiplinger, “Resale values come from a complex set of calculations based in part on historical data and economic predictions, as well as competition in each auto segment, how strong a car brand is, and the supply (including fleet and leasing sales) versus demand. “
Phew!
Sounds technical, right?
Well, it is …
And that’s how the auto industry calculates the best resale value to determine the best makes and models that have resale value going forward.
But let’s take a closer look …
I’d like to offer another angle to look at when it comes time to determine which cars have the best resale value.
These are some things that I think are equally, if not more important …
The health of your vehicle speaks loudly when it comes time to put a value on your business.
If the interior and exterior of your car have been kept in good shape, you will be getting more than someone who has burnt holes and stains on the upholstery. Also, a car that has been washed and waxed regularly will make more money than a car that has a dull appearance in the paint job.
Other factors that will cost you when it comes time to change your vehicle are dents, bumper damage, cracked windshield, damaged paint, or hail damage. Having a check engine light on or any other warning lights can also reduce the value of your vehicle.
Another factor that will play a role in the resale value of your car is the regular maintenance you have done. Keeping your car in good shape not only ensures that your car will continue to work for you, it can also earn you more money when you trade or sell it.
Keeping accurate, documented records of all maintenance performed on your vehicle gives the dealer / buyer a complete picture of how the car has been cared for and can help increase its value.
Cars with the best resale value can put more money in your pocket when it’s time to ditch them. Taking good care of your car while you own it is one way to help you get the best resale value for your car.
