Here Are the Slowest Depreciating Cars

2017 Toyota Tacoma

One of the biggest arguments against buying a new car is the fact that it becomes a used car as soon as you sign on the dotted line at the dealership.

So, in essence, new car buyers pay for the right to be the first owner of a used car. That right comes at a cost, as a car generally depreciates at a rate of 15-20 percent per year for the first three years.

Buy a $35,000 car and, just a few seconds later, it’s worth significantly less than what you just paid. That’s not the case with every new model, but the vast majority experience a significant decrease in value.

What cars can you purchase to keep as much value as possible? Continue reading >>>

Resale Royalty: The Top 10 Value-Retaining Vehicles

2013 Toyota FJ Cruiser

A few weeks ago, we looked at some cars with huge depreciation rates. We called depreciation an inevitability and wondered why anyone would decide to purchase a new car (unless they simply couldn’t resist that intoxicating “new car” smell). However, after a spell of deep contemplation and soul searching, we decided to do something crazy. We took the the reams upon reams of Excel spreadsheets on depreciation data stored securely in the CarGurus vault and turned them upside down.

Continue reading >>>

Buying Used: Do You Go for Value or Brand?

Which will offer a better used value?

Which will offer a better used value?

There are a lot of blogs out there that happily tell their readers what new cars hold the best resale value.

That’s important information to know and can lead to a wise financial decision when buying a new car. Well, at least for the guy or gal who buys the new car. But is buying one of those cars used, say 5 years later, still a good financial choice?

A Toyota Tacoma that holds 60 percent of its value after 5 years is great for the person who bought it new. But for the person shopping for a used pickup, there might be much better values to be had.

Continue reading >>>