Which cars hold their value and why
So, you're in the market for a new car. There are numerous determinations like SUV or passenger car, blue or black, all-wheel or two-wheel drive, stock stereo or after-market jam machine with all the bells and whistles; but an important consideration should be auto value retention, even if you are leasing. According to Kelley Blue Book, the average car transaction now stands at $38,259 and could be the largest purchase you've ever made and once you drive the car off the dealer lot, it starts immediately to depreciate. So when making a car purchase, consider value retention.
Kelley Blue Book's top five 2020 cars that retain their value:
SUV: Subaru Crosstrek, Subaru Forester, Subaru Outback, Toyota Highlander and GMC Yukon
Car: Subaru Impreza, Subaru Legacy, Toyota Avalon, Chevrolet Corvette and Lexus ES
Truck/EV/Minivan: Toyota Prius Prime, Tesla Model X, Honda Odyssey, Toyota Tacoma, Toyota Tundra
It's important to keep in mind the factors that compromise why certain cars retain their resale value. Jeep Wranglers tend to keep their value because of their ruggedness, durability and loyal following while luxury cars depreciate faster than average due to cost of maintenance and quick turnover.
Owning a vehicle with a better-than-average depreciation rate can help you with the buying decision, but rest assured that at Sherwood Auto Repair, we know, love and understand all cars regardless of their worth. Our dedicated mechanics make certain your automobile is working to its factory standards to keep future repairs minimal and out-of-pocket expenses nominal. Call today to schedule your maintenance appointment.
Sherwood Auto Repair
9965 SW Tualatin-Sherwood Rd,
Tualatin, OR, 97062