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
Should I Sell My Car to CarMax?
If you’re ready to switch cars, there are lots of great reasons to sell a used car to CarMax. There are downsides too, though.
So, to make sure you go into the process understanding what to expect, here are the pros and cons of selling your car to CarMax.
Top 16 Car-Selling Mistakes & How to Avoid Them
If you’ve never sold a used car before, it’s easy to make one of these common car-selling mistakes. To avoid wasting your time, ending up out of pocket, or worse — encountering a scam — take a read through this list before listing or selling your car.
What is a Vehicle History Report
A vehicle history report is an invaluable source of information about a car’s life, including any reported damage, the number of previous owners, and more. It’s also easy to obtain and use for reference when buying or selling a used vehicle. The vehicle history report is a valuable piece of information and can affect the value more than any other factor.
Can You Sell a Car Without the Title & Registration?
If you’ve decided to sell your car, you’ll want to make sure that it’s in excellent working order and looking like new. You’ll also need to gather the relevant documentation, such as the title and registration.
But what happens if you don’t have these documents? Can you sell a car without the title and registration? Keep reading to learn more about these documents and whether you always need them to sell your car.
Where Should I Sell My Car Online
The internet today is full of options, from Craigslist and other generic marketplaces to Cars.com and other lead generation sites for car dealers — and there’s something out there for every type of seller.
How to Sell a Car with a Loan
The main difference between selling a car you’re still making payments on versus one you own completely is getting the lender to release the title so the buyer can take ownership. This essentially means getting the current loan paid off — and you technically don’t have to be the one who pays it off.
Should I Sell My Car on Facebook Marketplace
Selling a used vehicle on Facebook Marketplace is a very different experience than selling a household good, mainly due to the complexity of a vehicle transaction and the value of vehicles in general. This marketplace was never designed to sell vehicles, so your selling experience on this platform may not go exactly as you hoped.
How to Safely Sell Your Car Online
Selling a car online isn’t like selling your old clothes or devices on a second-hand site. Vehicles are expensive and with any sort of major purchase between two parties there will be questions from both sides that need answering and risks involved.
