Motobyo Blog
Toyota Vs Chevy 2023, A Detailed brand comparison
Owning an electric vehicle (EV) comes with many benefits, including a reduced cost to maintain and lower cost to change vs. refueling a gas powered vehicle. Unfortunately, resale value is not one of those benefits, especially when compared to your traditional gas-powered vehicles.
Of course, that doesn’t mean that EVs may not eventually amass a comparable resale value to their gas-powered counterparts. For now, though, it’s important for car buyers and sellers alike to understand what factors into the resale value of these vehicles to help make better purchase decisions.
In this article, we’ll explain the EV vs gas resale value phenomenon so you can get a better understanding of the reasoning behind the EVs poor depreciation.
Keep reading to learn more.
Detailed brand comparison of Kia Vs Toyota
Owning an electric vehicle (EV) comes with many benefits, including a reduced cost to maintain and lower cost to change vs. refueling a gas powered vehicle. Unfortunately, resale value is not one of those benefits, especially when compared to your traditional gas-powered vehicles.
Of course, that doesn’t mean that EVs may not eventually amass a comparable resale value to their gas-powered counterparts. For now, though, it’s important for car buyers and sellers alike to understand what factors into the resale value of these vehicles to help make better purchase decisions.
In this article, we’ll explain the EV vs gas resale value phenomenon so you can get a better understanding of the reasoning behind the EVs poor depreciation.
Keep reading to learn more.
What Luxury Cars Have the Worst Resale Value?
You would think that of all the cars out there, luxury cars would retain the most value over time. After all, they’re associated with opulence,
SUVs that Depreciate the Fastest
Vehicles with the most expensive MSRP when new typically depreciate the fastest. The sale prices start so high that there’s nowhere to go but down.
Top SUVs That Hold Value Best
If there’s one common mistake many new vehicle buyers make, it’s overlooking the resale value of their potential new ride. SUVs will lose up to
Trucks that Depreciate the Fastest
As a rule, trucks hold their value better than most cars. This makes them a sound investment when buying a new vehicle. That said, truck
What Luxury Vehicle Has the Best Resale Value?
Luxury cars are notorious for their poor resale value compared to other types of vehicles. While the average new vehicle can retain 45% of its value or more after five years of ownership, this kind of retention rate is a best-case scenario for most luxury cars.
That said, some luxury vehicles hold their value better than others. Let’s take a closer look at luxury car depreciation and discover the luxury cars with the best resale values.
What Depreciates a Car the Most?
There are several specific factors that cause a car to depreciate. Here are the 10 biggest car depreciation factors that affect resale value.
Motobyo Blog
Pros & Cons of Selling Your Car to a Dealership
When it comes to selling your used car, you have a few options available. This includes various online platforms, auctions, and the more traditional route — dealerships.
If you are asking yourself the question “Should I sell my car to a dealership?”, then this is the perfect blog article for you.
Used Car Sales Tax Laws in Pennsylvania
Buying or selling a car is no small feat. You’ll have to complete some paperwork and pay a few fees in order to finalize the transaction, and both parties need to be aware of this.
Moreover, sales tax in Pennsylvania will raise the total cost of the vehicle in question — and it’s not something you can avoid. Therefore, understanding how used car sales tax laws in Pennsylvania work is essential to buying or selling a vehicle in the state.
Keep reading to learn more.
Penalties for Selling Too Many Cars in Pennsylvania
That’s right, car flipping exists — and there are potential profits to be made! However, in doing so, you could run the risk of violating your state’s laws if you’re not careful. Of course, each state has different regulations for non-dealers when it comes to selling cars.
So, let’s talk about the car-selling penalties in Pennsylvania for those thinking about getting into “the business” of reselling used cars.
Car Selling Laws in Pennsylvania
When you sell a used car, you want to make sure that you’re following all the rules. That means brushing up on the regulations specific to your state. Resident in PA? Then here are all of the car-selling laws in Pennsylvania that you need to know about.
How to Get a “Rebuilt Title” in Pennsylvania
There are certain laws for selling rebuilt cars, commonly referred to as R title cars, in Pennsylvania. Those laws begin with obtaining a rebuilt title for the car in question, which has its own set of steps to follow.
In this post, we’ll cover everything you need to know about how to get a rebuilt title in Pennsylvania, as well as the laws surrounding it. Read on to learn more.
Can You Sell a “Reconstructed Car” in Pennsylvania
Can you sell a rebuilt car in Pennsylvania? The short answer – yes. Once you receive your rebuilt title, the car is ready to sell as you would a regular used car. The only caveat is that you’ll need to disclose to potential buyers that the car is rebuilt and provide them with the vehicle history report and proof of repairs and safety.
How to Register a Vehicle in Pennsylvania
Whether you’ve just moved to Pennsylvania or you currently live in Pennsylvania and are simply adding a vehicle to your fleet, you’re going to have to register it with the state. In this short guide, we’ll tell you everything you need to know about how to register a vehicle in Pennsylvania.
Car Selling Fees in Pennsylvania
A car title is the document that proves who owns a car. When selling a car, the seller needs to transfer the car title to the new owner — a process that varies from state to state. In our blog, we look at how to transfer a car title in Pennsylvania.
