Cars with the best re-sale value

From the make and model, to body styles and colours, here are some of re-sale heroes you should be checking out

The unspoken bond between man, woman and machine is often priceless, and parting ways with your pride and joy — due to the oft depreciating value of cars — can often see sellers significantly out of pocket.

However, car value specialists Red Book say some cars are able to buck the trend. 

“From a new car perspective they tend to lose about 20% of the value in the first 12 months then another 10 to 20% over the next two years,” Red Book general manager Ross Booth said.

“Silver grey and white tend to be more conservative and easier to sell on the used car market.”

When shopping for a new car you can sell in future, first time buyers should look at the Skoda Fabia or the Volkswagon Polo.

The Toyota Camry Hybrid and Hyundai i30 are the pick for families, with the Hyundai Tuscon and Mazda CX5 topping the list for SUVs.

If you’re looking for grunt, the Toyota Hilux and Ford Ranger stack up.

When looking at used cars under $20,000, Red Book recommend the Mazda 6 and the trusty Holden Commodore.

The Kia Sportage and the Ford Territory are value buys in the SUV class and for work cars; it’s the BT50 from Mazda and the Mitsubishi Triton.

Car broker Bob Aldons said you can get great re-sale value in the budget market.

“When you’re looking at a used car you want to buy the newest car with the lowest kilometres that you possibly can,” he said.

When it comes time to say goodbye, give the car a good clean and make sure it’s roadworthy to boost its value.  “You’ll get an extra thousand dollars just for having that detail and the safety certificate done,” Aldons said.

Seller Adam Lucas is soon to be parting ways with his pride and joy, but he’s cashing in.  After purchasing his car new for $22,000, he is selling it three years later for only $19,500.

“It’s a 2014 Kia Sportage, it’s a great car I’m selling it for $19500,” Lucas said. “We were looking around for quite a while with the car…and I thought well, I like it, so someone else will like it in the future.”

After three years, Lucas will only be out of pocket around $3000, proving he’s managed to make ride a re-sale hero.

* In highlighting particular offers we are not making specific recommendations as this article does not cover all available products and may not compare all features relevant to you. Any advice provided is general in nature and does not take account of your needs, objectives or financial situation. Individuals should consider their own circumstances, and if in doubt seek appropriate advice, before proceeding.

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