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
Should I Sell My Car to a Dealership in Pennsylvania
Wondering whether to sell your car to a dealership in Pennsylvania? Or if you should arrange a private sale?
Here are all of the pros and cons of selling your car to a dealership to help you decide.
How to Transfer a Car Title in Pennsylvania
The title of a car is an important legal document that establishes the vehicle’s proof of ownership. Whether you’re planning to sell or buy a used car, you’re going to have to deal with a title transfer — which includes the associated DMV fees, paperwork and some very specific information.
To learn more about title transfers in Pennsylvania, read on.
Used Car Insurance Laws in Pennsylvania
Car insurance can be confusing at the best of times. Every state has different laws surrounding what you do and don’t need to be covered, so you might not always know where you stand.
Here we’ve gathered together everything you need to know about car insurance laws in Pennsylvania. Keep reading to find out more!
Should You Repair Your Car Before You Sell It
There are plenty of people out there that will still buy a car in need of major repairs. Whether your car is in perfect condition or needs a little love, you can use Motobyo’s free valuation tool to get an honest and fair market price for your car — as well as a quick cash offer!
How to Sell a Car Privately in Pennsylvania
In Pennsylvania, used car prices at vehicle dealerships have increased by 10.8% since 2021. This means that more and more interested buyers are turning to private sellers to get a better deal on their next vehicle purchase. This also means that if you’re looking to sell your car in Pennsylvania, then you have the competitive advantage.
Now all you have to do is figure out how to sell a used car in Pennsylvania.
Guide to Selling Your Car Privately
Whether it’s time for a new car or you just want to offload one that doesn’t see much action anymore, you’re probably wondering how selling a car privately works.
It’s actually not as complicated as most people assume. However, there is a little more work involved compared to just going to the dealer for a trade-in. Fortunately, selling a vehicle privately as opposed to trading it in usually results in more money for the seller – so that makes the little bit of extra time spent to sell it worthwhile.
Where Can I Find the Details and Information About My Vehicle?
Want to sell your car, insure your car, or manage your vehicle’s paperwork? Then you’ll need to know some essential vehicle information. If you’re not sure where to locate this data, you may just find yourself asking “Where do I find my car details?”
Should I Sell My Car to CarMax?
If you’re ready to switch cars, there are lots of great reasons to sell a used car to CarMax. There are downsides too, though.
So, to make sure you go into the process understanding what to expect, here are the pros and cons of selling your car to CarMax.
