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.
Why Use Auction Sites to Sell My Car in 2023
If you’ve decided now is the time to sell your car, but you don’t know where to sell it, you’re in the right place! Using auction sites to sell your car not only streamlines the entire process, but can help you get the most value for your pre-loved car. It’s also an equally efficient experience for the buyer.
What to Look for When Buying a Used Truck
Whether this is the first time you’ve shopped for a used truck — or just the first time you’ve shopped for one online — it’s worth setting the groundwork before you start browsing.
What is Good Mileage for a Used Truck?
There is more to consider when buying a used truck than mileage alone. Mileage can tell a great story, especially when coupled with things like age, use, maintenance, etc. Keep reading to learn about mileage on used trucks.
Car Buying Tips During Tax Season
Tax season can be a second Christmas for most adults. However, it can be hard to decide whether you should save your money or spend
10 Best Used Trucks and SUVs for Off-Roading
Off-road vehicles come in all shapes and sizes. The right used truck or SUV can have outstanding off-road capabilities at a great price.
What to Look For When Buying a Used Car
The used car market can be a whole new world compared to buying new. But rest assured, once you know what to look for when
When is the Best Time to Buy a Used Car?
You would think that any time is a good time to buy a used car since it’s used and will therefore save you a significant amount of money. However, if you have the luxury of time on your side, you could end up getting an even better deal on a used car that’s practically brand new.
So what’s the deal with buying a used car at the right time?
5 Best Used Trucks in 2023
Right now, the used car market is seeing a lot of movement with pickup trucks. And it’s not surprising. Pickup trucks aren’t the same gas-guzzling, bare minimum-offering, not-so-family-friendly rides they once were.