which car co. has the highest resale value?

Discussion in 'After Hours Lounge (Off Topic)' started by Ryan Tsang, Feb 23, 2004.

  1. Ryan Tsang

    Ryan Tsang Second Unit

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    I'm guessing Honda/Acura or Subaru. Where can I find official rankings?
     
  2. Randy Tennison

    Randy Tennison Screenwriter

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    I would say Honda and Toyota keep their value pretty well.
     
  3. SethH

    SethH Cinematographer

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    I would say Toyota. Subaru is also pretty high (I've actually seen one that was 2 years old listed higher than a new one!)
     
  4. David-S

    David-S Second Unit

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    BMW has a really high resale...
     
  5. Garrett Lundy

    Garrett Lundy Producer

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    DeLorean!
     
  6. DaveF

    DaveF Moderator
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    Consumer Reports has information about depreciation on cars. So do the websites for Edmunds and Kelly Blue Book. There's also the NADA black book (maybe, blue) information that is published weekly I think.

    Consumer reports gives relative depreciation rates: cars value over time is ranked from on five-point scale from below average to above average.

    Edmunds and Kelly give dollar estimates for car resale value in your market. It's useful to compare them because they can differn quite a bit.

    I bought a car last December and my recollection is that Honda and Toyota have among the highest resale values (as a percentage of purchase price). Highest resale values in an absolute sense will, of course, be for very expensive cars [​IMG]

    I believe SUVs hold value very well right now, and sedans fair pretty well. Sports cars tend to lose value quickly. The price decrease is also steepest the first two or three years, then slows down quite a bit.
     
  7. Mark Romero

    Mark Romero Second Unit

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  8. Matt Stryker

    Matt Stryker Screenwriter

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    I thought that was mainly on the 3 and the 5 series. The 7 series (and the older 8 series) depreciate quickly. No idea on how the X or Z series fare. Check around, you can get a great deal on a 3 year old 7 series.

    I bought my 1998 Toyota Tacoma for $14.5K in 1997, put ~140K miles on it, and when it got totalled, i still got $8K for it, and it was not in good shape before the wreck. I was amazed.
     
  9. Kevin Alexander

    Kevin Alexander Screenwriter

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    My recently purchased VW Passat ranks really high in Consumer Reports New Car Buying Guide.
     
  10. Brett DiMichele

    Brett DiMichele Producer

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    I've always done well on trade in's on my Vette's [​IMG]

    Bought my 89 for 14K used drove it a few years and sold it
    for 15K and bought my 95 for 23 and drove it two years and
    sold it for 25 and bought my 2000 for 45K and well I have
    not yet gotten rid of it [​IMG]

    But the C6 will be out in august of november so when I sell
    it if I get 30K or even 29 I won't shed a tear considering
    the fun and miles I have put on it..

    Much better than buying a Neon for 8K and having it worth
    3K the next year [​IMG]
     
  11. Steve Schaffer

    Steve Schaffer Producer

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    Nationwide Honda and Toyota. Subarus depreciate more in milder climate areas than in New England. Here in Central California you can't give 'em away, new or used, with the exception of the WRX models.

    In our area the resale champs other than Honda and Toyota are really the more desirable Chevy pickup, Tahoe, and Suburban models.
     
  12. Brett DiMichele

    Brett DiMichele Producer

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    Steve makes a very valid point about location.

    In any of the states that get lots of snow the four wheel
    drive or all wheel drive vehicles tend to have much higher
    resale than the same vehicles would in fair climate states.
     
  13. Yee-Ming

    Yee-Ming Producer

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    In this country, must be Mercedes Benz.

    My former boss once got a really good deal on a S320 (the "tank" model), being last unit, no choice in colour etc. A year later he sold it at a S$30,000 profit...
     

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