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.
10 Tips to Increase the Resale Value of Your Car
Whether you’re selling a car to upgrade to a newer model or just looking to get the best return on your investment, there are steps you can take that will increase the resale value of your vehicle. From general maintenance and repairs to cosmetic improvements, this article will provide 10 tips for improving the resale […]
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, status, performance, and high-end features. However, long-term value is not something associated with this class of vehicle. In this article, we’ll cover the 9 luxury cars with the worst resale […]
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. So, it probably shouldn’t come as a surprise that SUVs and luxury cars have the highest depreciation rates over a 5-year span. These cars start out being priced high and […]
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 50% of their initial value within the first three years, so if you’re not the type to drive a car until the wheels fall off, this is something you’ll want […]
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 depreciation rates can vary a great deal from model to model. For example, sought-after off-roading favorites such as the Toyota Tacoma may only depreciate by 30% to 35% after five […]
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.
Do Trucks Hold Value Better Than Cars?
For every potential car owner, you must consider its depreciation rate. Here’s a question for aspiring truck buyers: Do trucks hold their value better than cars?
