To avoid a situation in which you decide to scrap a car, it is necessary to understand the resale value of the vehicle. During the ownership of a vehicle, more than fuel expenses contribute to depreciation. While purchasing a car the buyer should buy the best resale value cars among the cars that have been shortlisted. This is one way of saving some bucks on the purchase of a car. While projecting the resale value of a car, one should take into account the present value of the vehicle, its selling data, the market situation for each car, competition among the various segments and future expectations of the economy.
The 2018 Honda Fit is the ideal choice for those individuals who just want to move around the town with the perfect sized vehicle for them. This subcompact car receives a 9.3 on 10 rating. At three years of ownership, the resale value of the car is fixed at 47.7% of the vehicle’s value, while a five-year ownership of the car can be resold at 31.6% of the prevailing value.
The 2018 Subaru Impreza is the ideal compact vehicle that will allow the individual to meet all needs of routine activities. The resale value of the 2018 Subaru Impreza after three years of ownership is 51.3% on the prevailing value. If the vehicle is owned for five years then the resale value of the car is 34.3% of the actual value of the car. Out of a total 10, the 2018 Subaru Impreza earns itself an 8.7.
The 2018 Honda Accord is a midsize car that has a resale value of 50% on its value if it has been owned for three years and if the ownership was for five years then it is 34.5% of the value. The vehicle receives a 9.6 on 10 rating.
The 2018 Toyota Avalon is the ideal pick for those who want a spacious vehicle to run their daily errands. On a three years ownership, the resale value of the 2018 Toyota Avalon is 44% of the vehicle’s prevailing price while on the five years ownership the resale price is 34% of the existing value. Out of 10, the vehicle scores an 8.1 rating.
If the individual is looking out for a vehicle that not only assists in handling the day to day routine but also does this in a very sporty manner then the ideal choice should be the 2018 Subaru WRX. For an ownership of three years, the 2018 Subaru WRX has a resale value of 57.8% of the actual price of the vehicle and for the five-year ownership, the resale value of the 2018 Subaru WRX is 46.2% of the prevailing value of the car. This car also gets a 9 out of 10.
Toyota Avalon Hybrid
Buyers who are interested in hybrid vehicles that wish to have flexibility now as well as on a future date should definitely consider the 2018 Toyota Avalon hybrid. Around 42.3% of the prevailing price is the resale value for the 2018 Toyota Avalon hybrid if the ownership is of three years while if the ownership of five years gives a resale value of 33% of its then existing price. The score of the vehicle is 8.1 out of 10.
Chevrolet Bolt EV
The 2018 Chevrolet Bolt EV has a resale value at 36 months of its ownership, which is 26.5% of the prevailing price, while it turns out to be 15.5% of the vehicle’s prevailing price at the 60-month ownership.
The 2018 Toyota Tacoma at 36 months of ownership has a resale value of 69.6% of its prevailing price. The resale value of this car is 61.1% of the prevailing price at 60 months of ownership.
The 2018 Jeep Wrangler has a resale value of 65.2% of the prevailing price at 36 months of ownership and has a resale value of 54.1% of the prevailing price at 60 months of ownership.
The 2016 GMC Sierra has a resale value of 58.4% of the prevailing price at 36 months of ownership and has a resale value of 51.9% of the prevailing price at 60 months of ownership.