New buyers weigh many options when buying a car – from miles per gallon (mpg), extended warranty, up-keep information, maintenance costs, and options like power windows and locks, anti-lock breaks, and satellite radio. One thing that may get overlooked is the future resale value of the vehicle.
Some vehicles maintain their value for many years after the purchase. By choosing wisely, the buyer not only gets a new car with many bells and whistles, but gets a better return on their investment when the time comes to sell that car. The following cars consistently receive top recommendations as good purchases time and again.
Honda and Toyota are known for making good quality vehicles, which has been proven by the sheer number of cars they have repeatedly listed on the high resale value lists. Among these cars, purchasing a Honda Accord, Toyota Tacoma, Honda Fit or Honda Odyssey provides the purchaser with more bang for their buck. These vehicles have been proven great front-runners in their classes for performance and resale value as indicated by research and consumer reports. Some additional vehicles to take into consideration for high resale value include the Subaru Outback and Subaru Forester as well as the Lexus LS 460 and the Lexus RX 350.
New car buyers need to research their intended purchase to see if the model and maker of the vehicle have a history of manufacturing cars that retain their value. Speaking with a local mechanic or with a variety of sales people can also assist in that decision.
Check blue book values and scour consumer guides. Sometimes vehicles that traditionally cost the consumer less in up-keep and maintenance tend to retain their value longer. When it comes to spending hard earned money on a new vehicle, a little research can go a long way to ensure the right investment decision.
