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 Buy Warranty on a Used Car?
When you purchase extended used car warranties, you can cover the cost of the parts and labor required to repair your car. Read more here!
Questions to Ask When Buying a Used Car in 2023
Make sure you know what you want and need when you’re shopping around for a car! Once you find exactly what you’re looking for, it can be tempting to want to quickly finish the deal, but before you shake hands and drive off into the sunset, be sure to ask the following questions..
8 Best Used SUVs of 2023
Purchasing a new SUV is incredibly costly right now, so we’re going to walk you through a reliable alternative: the top 8 best used SUVs of 2022!
How to Sign Over a Car
Selling your car in a private party sale?
The bill of sale is only part of the process. To legally transfer ownership to the buyer, you also need to sign over the car title. This piece of paperwork officially transfers the responsibility of the car from you to your buyer. Not sure where to start? Here’s all the title and registration information you need.
7 Best Used Luxury Cars of 2023
Who doesn’t dream of owning a luxury vehicle one day? They’re beautiful and most are extremely well made (hence their reputation and price tag). Plus,
Should I Sell or Trade My Car in 2023?
Selling your car comes with a lot of questions. But the first one you need to answer is: Should I sell my car or trade my car? Thankfully we’ve made a list of pros and cons for each option.
Buying a New vs Used Car: Pros & Cons
There are as many advantages to buying a used car as there are to buying a new one. For starters, many of the used cars you’ll find out there are still nearly new — give or take a few years or and a few thousand miles. Then again, you may be looking for something older and less expensive or even looking forward to the newest model with the latest features.
Best Used Cars for College Students
Ready to head off to college with your own set of wheels? Then you need to know what to look for when you’re shopping for a used car. A college student car should be affordable and reliable. It should also have plenty of trunk space – for transporting all of your worldly goods – and it should be nice and easy to park on campus.
