The Best Used Cars to Buy to Maximize Resale Value
A car is not an investment. Investments, by definition, increase in value. A car is a necessary purchase, and it will never go up in price, except perhaps for classics and antiques. So, as a used car buyer,…
A car is not an investment. Investments, by definition, increase in value. A car is a necessary purchase, and it will never go up in price, except perhaps for classics and antiques. So, as a used car buyer, you don't aim to make money - just minimize the amount of money you inevitably use.
With that in mind, here are the top five used cars you can buy to secure the highest resale value.
Honda Civic: It would be hard to find a better car in the compact class than the Honda Civic when it comes to retaining resale value. It has low gas mileage thanks to the EcoAssist feature and is a beautiful car with great lines and looks a lot more expensive than it actually is. You can expect good value when reselling a new Honda Civic, as it is expected to retain approximately 57% of its value after three years of ownership, according to the Kelley Blue Book.
H: Honda delivers again. You may pay a little more for a used Accord than, say, a Toyota Camry, but you'll get your money back when you turn it in. You'll love the features in the new models, such as the 8-inch display. which delivers music information and incoming texts, and a rear-view camera is also convenient. You'll appreciate everything the Accord has to offer, just like its next owner. The estimated resale value of a new Accord is approximately 50%.
Lexus GS: In the luxury class, you can't beat the Lexus GS series. It offers emergency and concierge services, as well as 24/2016 real-time navigation, split-screen multimedia, and an interior you can live in. It's also visually stunning, with sleek, classic lines. You may never want to sell this car, but if you do, you'll be happy to know that the XNUMX Lexus GS leads the luxury class with an estimated resale value of XNUMX%.
Jeep Wrangler: There is nothing better than the Wrangler. It features unique styling and a reliable V6 engine that's great for off-road driving, driving in bad weather, or when you need a boost to overtake, merge, or do other maneuvers in traffic. The new Wrangler is expected to retain approximately 64% of its value after three years.
F: The F-150 is powerful and luxurious - no one does interiors quite like Ford, so you can ride in comfort knowing this truck will also provide the pulling power you need. The 2015 F-150 is expected to hold a whopping 65% of its value in three years. Good luck finding it though - most people really like their F-150s and tend to stick with them. Of course, this makes them more valuable and hints at their reliability.
If you are looking for a great ride that will keep its value, consider the five above as they are our top picks.
