Best Resale Value Vehicles
Most experts agree that the best time of year to purchase a new model car is in January and February – (plus, if you finance your new vehicle with us by January 31st, you can enjoy sixty days of no payments*). Sales at the beginning of the year are usually slow and dealers start to raise prices as the year progresses. One thing to keep in mind when buying a new car is the resale value. As you probably know, cars start losing value the second you drive off the lot which is a bad thing if you think you’ll resell or trade it down the road. Resale value begins when you buy the “right” car in the first place. Here are a couple of things to look for that affect resale value.
Color — Standard colors are much easier to sell than trendy colors.
Upgrades and options — Options like leather seats and sunroofs add to a car’s value, but a navigation system or upgraded stereo won’t bring any extra money when selling. Also, automatic transmission is much more popular than manual transmission.
Geography — Demand for vehicles varies in different parts of the country and even in different communities. Convertibles may be good for warmer weather states, but it’s not as valuable in the colder northern states. Likewise, a pickup truck holds less value in bigger cities as opposed to rural towns.
These are just a couple of tips to consider when purchasing a car. Though resale value is important to many who purchase a new vehicle, if you plan to keep it until it dies, then you won’t need to worry about the resale value.