Just Like Good Wine, These Cars Will Hold Their Value
A car is a valuable investment, and nobody wants to get a bad return when they go to sell their investment in a time of need. When it comes to buying a new car, lots of people wonder which one will provide the highest ROI in the future.
But the irony is: it’s tough to think long-term about an investment that loses a huge chunk of its value the moment you drive it off the lot!
The moment you drive it off the lot, your car gains a wholesale value, losing its retail value almost instantaneously. As a rule of thumb, a simple car can lose almost 15% to 25% of its value each year. And this depreciation may increase even more depending on the color, maintenance and reputation of your car.
So, is there any way to retain the value of your car? Well, I think a better question would be: which cars will hold at least a reasonable amount of their value even after five or six years? So, take a look below for info on the “fine wines” of cars: those that will hold their value for years.
2015 Ford F-150
Truly a beast and one of the best trucks on the market, the 2015 F-150 is equipped with all the luxurious features Ford has to offer. The car is available for a price tag of $26,330 only and will retain a resale value of 65.6% in three years and 52.0% in five years. This means even if you plan on selling the vehicle after three or four years, you can easily get $17,272. Beat that, Jaguar and Mercedes!