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Best and Worst Resale Values

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On: Thu, Nov 7, 2013 at 11:34AM | By: Karen Cook


Best and Worst Resale Values

Unlike diamonds, cars are not forever. Also unlike diamonds, cars do not hold their value and cannot be resold for the same amount that was paid for them. If you are in the market for a new car and need to get rid of the old one, or if you just have one you’d like to sell, you may be surprised to find that you can’t get as much out of it as you may have been counting on, even if it is in good condition. Some cars retain much of their value and some simply do not.

Ford has a couple of vehicles which retain their value well. The Focus and the Mustang V6 Coupe are still worth more than 60% of their selling price three years down the road. The Focus was redesigned in 2012 which gave it a boost and the Mustang, with its already low price combined with power and fuel efficiency, make both of these a good bet at resale. The same cannot be said for the E-150. These are mostly fleet vehicles and there are more of these than the resale market can sustain. Ford faced the same problem with the Crown Victoria, which were used as taxis and police cars until they went out of production.

Volvo’s S-60 T5 with its advanced technology will still be worth 61% of what you paid for it after three years, but if you bought an S-80 you can expect less than only 20% when you trade it or sell it. This means that it is almost worthless even if you kept it in pristine condition. The problem with the S-80 is that it hasn’t been updated in years and has nothing unique to set it apart from other sedans in its class.

The Infiniti G37 Journey Coupe is another good investment and will retain 62% of its value after three years. Infinitis are notoriously sporty and any of the G-Series will hold its value well.

The Mini Cooper hard top is good on gas but still powerful enough to go from 0 to 60 in 6.6 seconds. It’s worth almost 70% of the original price after three years.

The Nissan Titan and the Mercedes Benz S-Class both drop to only 30% of their original price after three years, and the Chrysler 200 Convertible comes in at only 23%; Chrysler has the same fleet car problem as Ford.

However, if you are on the buying end of any of these low value cars you’re in luck. What’s bad for the seller is good for the buyer since all of these vehicles are still comfortable, dependable vehicles after three years and can be bought cheap.




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