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.”
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.