Motobyo Blog
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?
Trucks that Hold Value the Best in 2023
Investing in a truck that holds its value well means that you’ll get a better price when you come to sell it. Let’s take a look at the trucks that hold value best in 2023.
EVs that Hold Value the Best
For a long time, EVs have been notoriously some of the worst cars when it comes to holding value. But the market is changing, and some manufacturers have built models that hold their value better than others.
Today, we look at the top electric vehicles that hold their value the best in 2023 — and the reasons behind this.
How Well Do EVs Hold Their Value?
Electric vehicles (EVs) are taking over the automotive industry. They still account for a very small sliver of the total market, but more and more buyers are considering an EV as an alternative. But while everyone loves the idea of saving on fuel costs, how much will you be able to sell your EV for in the future? How well do EVs hold their value, and should you invest in one? Join us as we take you through the electrifying world of car depreciation.
Resale Value: Electric Vehicles Vs Gas Vehicles
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 Cars with the Best Resale Value in 2023
As we all know, a brand new car will lose at least 9-11% of its value as soon as it’s driven off the lot. However, there are some cars that hold value better than others. It’s important to know what cars these are, especially when it comes to buying and selling them.
Below are the top 10 cars with the highest resale value:
10 Cars that Depreciate the Fastest in 2023
Here’s some good news and bad news about buying a new car. The good news is that you can impress your friends and turn everyone’s heads. The bad news? That car may be a money pit, depreciating so much in value that you wish you never bought it.
In fact, some cars depreciate so quickly that you can hear money leaving your wallet. Therefore, before you contemplate putting money in that sedan or SUV, check out this list of 10 cars with the highest depreciation rates.
Motobyo Blog
Car Selling Fees in Pennsylvania
A car title is the document that proves who owns a car. When selling a car, the seller needs to transfer the car title to the new owner — a process that varies from state to state. In our blog, we look at how to transfer a car title in Pennsylvania.
Should I Sell My Car to a Dealership in Pennsylvania
Wondering whether to sell your car to a dealership in Pennsylvania? Or if you should arrange a private sale?
Here are all of the pros and cons of selling your car to a dealership to help you decide.
How to Transfer a Car Title in Pennsylvania
The title of a car is an important legal document that establishes the vehicle’s proof of ownership. Whether you’re planning to sell or buy a used car, you’re going to have to deal with a title transfer — which includes the associated DMV fees, paperwork and some very specific information.
To learn more about title transfers in Pennsylvania, read on.
Used Car Insurance Laws in Pennsylvania
Car insurance can be confusing at the best of times. Every state has different laws surrounding what you do and don’t need to be covered, so you might not always know where you stand.
Here we’ve gathered together everything you need to know about car insurance laws in Pennsylvania. Keep reading to find out more!
Should You Repair Your Car Before You Sell It
There are plenty of people out there that will still buy a car in need of major repairs. Whether your car is in perfect condition or needs a little love, you can use Motobyo’s free valuation tool to get an honest and fair market price for your car — as well as a quick cash offer!
How to Sell a Car Privately in Pennsylvania
In Pennsylvania, used car prices at vehicle dealerships have increased by 10.8% since 2021. This means that more and more interested buyers are turning to private sellers to get a better deal on their next vehicle purchase. This also means that if you’re looking to sell your car in Pennsylvania, then you have the competitive advantage.
Now all you have to do is figure out how to sell a used car in Pennsylvania.
Guide to Selling Your Car Privately
Whether it’s time for a new car or you just want to offload one that doesn’t see much action anymore, you’re probably wondering how selling a car privately works.
It’s actually not as complicated as most people assume. However, there is a little more work involved compared to just going to the dealer for a trade-in. Fortunately, selling a vehicle privately as opposed to trading it in usually results in more money for the seller – so that makes the little bit of extra time spent to sell it worthwhile.
Where Can I Find the Details and Information About My Vehicle?
Want to sell your car, insure your car, or manage your vehicle’s paperwork? Then you’ll need to know some essential vehicle information. If you’re not sure where to locate this data, you may just find yourself asking “Where do I find my car details?”
