When buying a vehicle, you need to take into consideration a myriad of factors – and one of the more important ones is judging the way your new car will hold on to its value over time.
This is one of the best and simplest ways of maximizing the automotive investment – even though autos are naturally depreciating assets. And if you didn’t know already, depreciation is usually a new-car customers’ biggest long-term ownership expense, way above annual fuel, maintenance or insurance costs. And choosing a car or truck that can hold on to its value better is even more important when talking about a pricey car – a difference of 5% over five years would not mean much on a car that cost $16,000, but the same can’t be said about a $60,000 model – with the same numbers tallying a $3,000 loss.
Now, to assist eager customers in their ongoing quest for the best new car purchase, the car valuation gurus at Kelley Blue Book compiled their annual Best Resale Value Award. The winners have been chosen from the 2015-model year bunch and saw Subaru and Lexus taking the honors. These are the brands that have the best rates of return on average over a five-year ownership period. The mass-market segment had three Subaru entries, while Lexus had six models in the premium segments. Both Chevrolet and Toyota had five models each among KBB’s 22 separate segments. “While both Subaru and Lexus deliver incredible resale value, we also are impressed with the strides made by General Motors, which tops domestic automakers with seven combined awards for Chevrolet and GMC,” commented Eric Ibara, director of residual value consulting for KBB.
Via Forbes, KBB