Motobyo Blog

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.

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How Well Do EVs Hold Their Value

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.

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Resale Value Electric Vehicles vs Gas Vehicles

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.

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10 Cars with the Best Resale Value

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:

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10 cars that depreciate the fastest

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.

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Motobyo Blog

gavel and car key on auctioners desk with logo and title

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.

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high way with lines of vehicle light

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.

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Best Time to Buy a Used Car From a Car Dealership Cover photo

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?

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different colored trucks all lined up in parking spots

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.

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