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New Cars That Retain Their Value
2014-03-07 02:32:59| AutomotiveDigest.com - Automotive Industry News
With used-car values beginning to drop for the first time in years on average falling by 3.5 percent in October, the largest such dip in two years according to the National Automobile Dealers Association in McLean, Va., picking a new vehicle that holds onto its value steadfastly is particularly crucial. Generally, the more costly the vehicle, the more important differences in projected resale values become, simply because theres more money at stake. Last year the average new car was predicted to retain about 38.2 percent of its original value after five years, meaning that a $50,000 model will only be worth nearly $19,100 at trade-in time. Pick a comparable model thats estimated to hold 5 percent more of its value than average and it will return an extra $2,650. READ MORE The Article New Cars That Retain Their Value appeared first on Automotive Digest.
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Category:Automotive