To know the real worth of a car, you have to look at the overall residual value of that car. This can be tricky to do because those values fluctuate over time. So the key is to look at the residual value of a car that hasn’t fluctuated much. This will help you determine which cars are really a good investment (of some kind), and which won’t leave you with much money invested at the end of those payments.
According to a recent Forbes article, here are some of the cars that you may want to look at if you are thinking of buying a car this year.
- Mid-size: Honda Accord
- Full-size: Toyota Avalon
- Sports car: Chevrolet Camaro
- Minivan: Honda Odyssey
- Offroad: Toyota SJ Cruiser
- Full-size Pickup: Toyota Tundra
- Premium Full-size: Audi A6
- Premium Mid-size: Audi A5
How Residual Value is Determined
Residual values are determined based on a few factors including brand desirability, quality, durability, and other factors that are carefully calculated. While it might seem odd to some that the Chevy Camaro tops the sports car list, or other cars that are at the top, this is based on the fact that the Camaro is in high demand by other consumers — the same goes for Audi, which are very popular right now.
Does this mean that you shouldn’t buy any cars that do not have a high residual value? Not necessarily, but if you want to spend your money on a car that will eventually have a decent resale value, you may want to consider some of these brands and models. While you’ll still get a lot for, say, a BMW or Mercedes mid-size or full-size car, people want Audis right now, so that’s what’s in demand (and, thus, what takes most value).
What This Means for You
Finding a car that has had good residual value across many different years is a smart way to buy a car. If a car has made this list years running, there’s a good chance that the car is actually a good investment. Although it’s impossible not to lose any value on a car, you can save some of that value by buying a car that will be worth a decent amount in the long run.
Caring for Your Car or Truck
It’s really important, when trying to maintain the value of your vehicle, that you care for your car or truck properly. A car that isn’t taken care of by experts can quickly devalue, and that’s the opposite of what you want to do. How can you be sure that your car will be taken care of the right way? Bring it to a repair shop that understands both how to repair and maintain your current car value. When it comes to Fort Collins auto repair, Fort Collins Foreign Car Service has been fixing and maintaining both foreign and domestic cars for many years now, and we’re more than happy to help you with any problems that you have with your current car.
Even if you just need your tires changed, we can make sure that it’s done properly. To maintain that resale value, take care of your car the right way by bringing it into Fort Collins Foreign Car Service. Sometimes, even those small car repairs and recalls can turn into bigger problems if you don’t bring your vehicle to the right place. Let us take care of your vehicle, so that you can enjoy a really high resale value. Of course, we’re more than happy to answer any questions that you have at our auto shop in Fort Collins, so feel free to give us a call whenever you have a question, and we’ll get back to you shortly. Call us for car repair in Fort Collins today!
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