Reviews: These 10 New Cars are Best at Retaining Their Value One Year After Purchase - PressFrom - US
  •   
  •   
  •   

ReviewsThese 10 New Cars are Best at Retaining Their Value One Year After Purchase

23:20  05 february  2019
23:20  05 february  2019 Source:   msn.com

Do Banks Require a Service Contract For a Used Car?

Do Banks Require a Service Contract For a Used Car? Answers to questions about buying a service contract to get a loan on a used car, cosmetic damage on CPO vehicles and doing a private trade with an outstanding loan. First up, do lenders make service contracts mandatory for an “older” car? I purchased an 08 CR-V (85k miles, 1 owner) financed through Capital One. I feel I got what I wanted on the purchase price and them buying my old beater Civic. The finance officer at the dealer said that to process the loan since the car is older, Capital One required a service contract. I asked if it was 100% necessary to secure the loan and he assured me it was, so we proceeded.

One could argue that buying these cars new makes more sense than buying them lightly used.

The Best Resale Value Awards also recognizes 10 individual vehicles projected to retain the highest percentage of their original MSRP. This special recognition is given to vehicles that retain their value better than 95 percent of the new vehicles offered this year . Many of these are also winners in

These 10 New Cars are Best at Retaining Their Value One Year After Purchase© BMW

Depreciation can be a blessing for used car shoppers and a nightmare for new car buyers. Some cars can lose as much as half of their value in just three years, but other cars depreciate so slowly that it arguably makes more sense to buy them new rather than used.

Car research site iSeeCars has put together a study on one-year depreciation rates across the auto industry. It discovered the top 10 slowest-depreciating cars after one year and found some interesting data pertaining to the gap between the outliers and the average specimens.

“While buying a lightly used car generally saves you money, there are certain models that can be more economical when purchased new,” said iSeeCars in an email to The Drive. So, how did they get their data? “iSeeCars.com analyzed over 7 million new and used cars sold from August 2018 to January 2019, comparing the prices of new cars to lightly used equivalents and identifying those with the lowest price differences.”

Might Tesla Buy Another Shuttered GM Factory?

Might Tesla Buy Another Shuttered GM Factory? Might Tesla Buy Another Shuttered GM Factory?

10 cars and trucks that retain the most value 5 years after purchase . Read More: The 11 new cars people most regularly ditch after just one year of ownership. The data that came back pointed to one conclusion: Pickup trucks are the best buys if you're looking for your car to hold onto its value —six of

The study then published the top 10 slowest-depreciating cars after one year and BMW’s X 1 SUV iSeeCars.com analyzed over 7 million new and used cars sold from August 2018 to January 2019 This price difference could even be less when you take into account new car incentives that may

The overall average one-year depreciation rate is 26.8 percent, but every car on the list below loses less than 15 percent of its value in one year. Here are the top 10, in order, with the average price difference between used and new by both percentage and dollar amount.

  1. Honda HR-V: 10.5 percent | $2,260
  2. BMW X1: 11.7 percent | $4,194
  3. Subaru Crosstrek: 12.2 percent | $2,978
  4. Honda CR-V: 12.2 percent | $3,230
  5. Toyota Tacoma: 12.3 percent | $3,891
  6. Honda Civic: 12.3 percent | $2,505
  7. Honda Pilot: 12.8 percent | $4,518
  8. Mazda CX-5: 13.4 percent | $3,457
  9. Porsche Macan: 14.5 percent | $8,302
  10. Subaru Impreza: 14.7 percent | $3,035

Hondas have a reputation for holding their value extremely well and we see the Japanese brand live up to that reputation on this list. Honda takes four of the top seven spots with the winner being the HR-V subcompact crossover, losing only 10.5 percent of its value after one year.

How to Buy a Car

How to Buy a Car Read this guide on how to buy your first car and have a stress-free car-buying experience.

These 10 New Cars are Best at Retaining Their Value One Year After Purchase . This statistic has angered many, especially after the recent decision to idle factories and lay off thousands in the US and Canada.

Carvana conducted research to determine 2015 model year cars with the best value retention. The majority of cars are foreign, specifically Japanese with Honda and Toyota dominating the list. The wholesale price was then compared to the MSRP when new to find a the median discount the

On the flip side, luxury vehicles are known to tank in value at a faster rate than higher-volume cars, but we see the BMW X1 and Porsche Macan, both small luxury crossovers, bucking that trend.

Crossovers, in general, are well-represented on this list taking seven of the top 10 spots. The exceptions to the crossover rule are the Toyota Tacoma pickup, the Honda Civic, and the Subaru Impreza.

These are all options to keep in mind when buying new, and for your safety, stay away from ungodly high interest rates.

Read the latest research and reviews | Get car buying advice on MSN Autos

Follow MSN Autos on Facebook and Twitter

The Next Thing Out of Aston Martin's Lagonda Will Be an Electric SUV.
Following the DBX, Aston Martin is likely to continue its all-terrain offensive with a luxurious Lagonda EV. Aston Martin's first SUV will be the 2020 DBX, but Andy Palmer's team is also busy with the revival of the once-prestigious Lagonda brand. And based on what we know about that luxurious line so far, when we finally see a new Lagonda, we suspect it'll be the exact opposite of a V12-powered Rolls-Royce Cullinan. Aston is promising the first modern Lagonda will be an all-terrain EV, a concept of which they will present at the Geneva Motor Show in March.

—   Share news in the SOC. Networks

Topical videos:

usr: 1
This is interesting!