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
What to Look for When Buying a Used Truck
Whether this is the first time you’ve shopped for a used truck — or just the first time you’ve shopped for one online — it’s worth setting the groundwork before you start browsing.
What is Good Mileage for a Used Truck?
There is more to consider when buying a used truck than mileage alone. Mileage can tell a great story, especially when coupled with things like age, use, maintenance, etc. Keep reading to learn about mileage on used trucks.
Car Buying Tips During Tax Season
Tax season can be a second Christmas for most adults. However, it can be hard to decide whether you should save your money or spend
10 Best Used Trucks and SUVs for Off-Roading
Off-road vehicles come in all shapes and sizes. The right used truck or SUV can have outstanding off-road capabilities at a great price.
What to Look For When Buying a Used Car
The used car market can be a whole new world compared to buying new. But rest assured, once you know what to look for when
When is the Best Time to Buy a Used Car?
You would think that any time is a good time to buy a used car since it’s used and will therefore save you a significant amount of money. However, if you have the luxury of time on your side, you could end up getting an even better deal on a used car that’s practically brand new.
So what’s the deal with buying a used car at the right time?
5 Best Used Trucks in 2023
Right now, the used car market is seeing a lot of movement with pickup trucks. And it’s not surprising. Pickup trucks aren’t the same gas-guzzling, bare minimum-offering, not-so-family-friendly rides they once were.
Do I Need Insurance Before I Buy a Used Car?
Handling car insurance can be confusing. When buying your car second-hand, it can raise even more questions. And the wrong answer can land you in trouble. Find answer within this blog!
