Car News Articles 
 Alternative Fuel Vehicles
 Automotive Articles
 Car Buying Tips (167)
  Car Financing (28)
  Car Warranty (6)
 Car Insurance Articles
 Car Maintenance
 Car News
 Car Racing
 Car Repair
 Car Safety
 
 Driving Economically
 Environmental Issues
 Exterior Car Care
 Garage Know How
 
 How Car Stuff Works
 Motorcycle Articles
 Road Trips
 Traveling with Kids
 Younger - Older Drivers
 
 Amsoil Synthetic Oil
 Article Archives





Car Buying Tips

Nov 17, 2007 - 12:58:00 AM
Email - Print - Discuss

Vehicles On The Road To Resale Value

(NAPSI)-While most car buyers today consider sticker price one of the most significant numbers when choosing a new vehicle, some car-buying experts recommend shoppers consider a number they won't find today on any window sticker: the resale value. Depreciation often is the greatest expense incurred by drivers during the first five years of vehicle ownership.

The leading provider of new and used vehicle information recently announced the all-new 2008 model-year vehicle winners of its annual Best Resale Value Awards, which recognizes current and upcoming vehicles for their projected retained value five years from now (the average ownership period).

An average vehicle will retain only about 35 percent of its original value after five years, meaning a $20,000 new car today will be worth only somewhere close to $7,000 after five years.

Vehicles with average or below-average resale values are generally plentiful in the marketplace and easy to find, such as models found in rental fleets.

Certain vehicles, however, are projected to hold their value better than others. While much of a vehicle's resale value is based on supply and demand, as well as current and projected future market conditions, vehicles that maintain their value best tend to be quality built and generate consumer enthusiasm.

Shoppers should take several factors into consideration when buying a new car to ensure as much future value as possible. Certain features available on new vehicles today will be desirable by a majority of used-car buyers three to five years down the road, and these features will help the vehicle maintain more of its original value than if they were absent.

First, car buyers should choose a popular exterior color such as silver, white, gray or black. Then, they should look for optional equipment that is customary for the type of vehicle they are buying.

"Choosing a vehicle with a traditional or classic style will generally stand the test of time when it comes to resale value and getting more for your vehicle when you are ready to sell it," said Jack R. Nerad, executive editorial director and executive market analyst with Kelley Blue Book's kbb.com. "Vehicles with radical interiors and exteriors will likely lose more of their value, as they will not appeal to the mainstream public after five years."

Many of the vehicles with the lowest resale values are vehicles with long life cycles, high production levels and those models that populate the fleet market. Shoppers who buy vehicles that retain the least amount of their original value can expect to see between 20 and 25 percent of their original dollar returned to them after five years.

Half the vehicles ranked lowest in resale value for the 2007 model year remain in that category for 2008, including the Chevrolet Uplander, Isuzu Ascender, Kia Sedona, Mercury Marquis and the Lincoln Town Car. New to the 2008 list of vehicles that will retain the least amount of their original value are the Dodge Durango, Ford Econoline, Suzuki Reno, Suzuki Forenza and Suzuki Aerio.

For information about new- or used-car values, vehicle purchasing advice and more, visit at www.kbb.com.


Automotive : Link Sponsors
 


Related Articles:
Cash For Clunkers Not?
Buying A Used Car Instead Of A New One
New Car Shopping?
Buying A Used Car Instead Of A New One?
Cutting The Cost Of Buying A Car
Stretching Your Money: Tips On Buying Certified Cars
What You Need to Know Before Buying a Car
Protect Yourself From Digital Odometer Fraud
Drivers Use Financing To Their Advantage
Chrysler Celebrates 25 Years Of Minivan Leadership
Money-Saving Advice For Finding New Vehicles
Car Financing Tips To Know When You're Buying A Car
New Car Prices, Then And Now
The Return Of The SUV
Debunking the Myths of What Makes a Good Used Car



Stay Updated!

Follow us on Twitter
Car Buying Tips
Related Articles
Before Applying For Auto or
Auto Warranties: Buyers Beware
Do You Know Who You're
Car Buying: Six Slippery Sales
Avoiding Flood-Damaged Used Cars


Feed Button



Car Insurance Info | Newsletter | Car Classifieds | Online Car Rentals
Auto Pictures | Link To Carjunky.com


Syndicate our Auto News on your Site for Free!!

Complete List of Article RSS News Feeds


Copyright © . CarJunky® All Rights Reserved.