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
How to Sell My Car Online
The used car market is booming. As a seller, you want to make sure you’re getting the best deal and that the sale can be completed in a timely manner
You could go through the hassle of finding a dealership to buy your car from you — but obviously, the final check you receive may be less than you hoped for. So why not try selling your car to potential buyers online? Below, we will give you some basic tips on how to sell your car online in just a few simple steps. By following our tips, you’ll be able to sell your car online in no time!
What to Do After Buying a Used Car
Buying a new car is exciting, but can also be extremely stressful. That’s why today, we’re going to run through the steps you should take after buying a used car!
HOW TO: Get the Most for Your Used Car!
Whether you’re planning to buy a new set of wheels or you’re investing the cash elsewhere, you don’t want to sell yourself (or your car) short. Luckily, there are lots of things you can do to increase the value of your used car when it comes time to sell. Here’s how to get the most money for your used car.
Should I Buy a Used Electric Car?
Buying an electric car for the first time is one thing, but what about buying a used electric car? When you’re used to driving gasoline-powered cars, the thought of switching to an electric vehicle (EV) can feel a little intimidating.
Fortunately, help is at hand. If you’re thinking about buying a used electric car, here are a few things to consider.
Top 5 Reliable Used Car Brands of 2023
Knowing which brands to avoid can save you a whole heap of money down the road. That’s why today, we’re going to give you a rundown of some of the best brands to look out for when you’re looking to buy a reliable used car!
Is Buying a Used Car Worth It?
Buying a car, whether it’s your first or your third time, is a huge decision. People hang on to their cars for up to ten years, so it goes without saying it’s quite the commitment — one you want to make sure to get right.
Today, we’re answering the age-old question — is buying a used car worth it? Keep reading to find out.
Welcome to the Motobyo blog
Motobyo is an automotive tech company that’s changing the way used cars are bought and sold. We intend to use this blog to bring you
