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

family in a vehicle cover photo

8 Best Used Family Cars

We’ve put together this list of the best used family car models in America to help you narrow down your options when you’re searching through all of the used cars for sale that you come across. From spacious SUVs to fuel-efficient sedans and hatchbacks, there is a reliable used car for every family on this list!

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Woman contemplating questions to ask

Questions to Ask When Buying a Used Car in 2023

Make sure you know what you want and need when you’re shopping around for a car! Once you find exactly what you’re looking for, it can be tempting to want to quickly finish the deal, but before you shake hands and drive off into the sunset, be sure to ask the following questions..

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car title paperwork

How to Sign Over a Car

Selling your car in a private party sale?

The bill of sale is only part of the process. To legally transfer ownership to the buyer, you also need to sign over the car title. This piece of paperwork officially transfers the responsibility of the car from you to your buyer. Not sure where to start? Here’s all the title and registration information you need.

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new vs used car cover photo - black cars

Buying a New vs Used Car: Pros & Cons

There are as many advantages to buying a used car as there are to buying a new one. For starters, many of the used cars you’ll find out there are still nearly new — give or take a few years or and a few thousand miles. Then again, you may be looking for something older and less expensive or even looking forward to the newest model with the latest features.

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