{"id":684,"date":"2019-02-26T13:13:00","date_gmt":"2019-02-26T18:13:00","guid":{"rendered":"https:\/\/articles.carcostcanada.com\/?p=684"},"modified":"2025-03-06T16:18:48","modified_gmt":"2025-03-06T21:18:48","slug":"one-for-the-road-23-cars-that-have-the-best-resale-value","status":"publish","type":"post","link":"https:\/\/articles.carcostcanada.com\/one-for-the-road-23-cars-that-have-the-best-resale-value\/","title":{"rendered":"One For The Road: 23 Cars That Have the BEST Resale Value"},"content":{"rendered":"

Buying a new car is an exhilarating experience, wouldn\u2019t you agree? In fact, it probably ties with the excitement of investing in your first house. What most dealers won\u2019t tell you, however, is that a majority of cars dramatically depreciate when you drive them off the lot by a whopping 20%. This means if you were to purchase a car for $40,000, it would be worth about $8,000 less as soon as you hit the road for the first time!<\/span><\/p>\n

Why should this information concern you? Well, if you plan to finance your vehicle yourself, do a trade-in or, unfortunately, happen to get into an accident and require insurance to restore the car to its original condition, you need to be aware of your car\u2019s depreciation value. <\/span><\/p>\n

In this article, we explore 23 vehicles that retain their value the longest. We also touch upon how knowing the <\/span>new car invoice price in Canada<\/span><\/a> helps you get the best cars at the most affordable rates. <\/span><\/p>\n

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Everything You Need to Know About How Cars Depreciate<\/b><\/h4>\n

A question you no doubt have is, <\/span>What should I know before buying a new car? <\/b>You should familiarize yourself with the vehicle\u2019s expected depreciation rate over the duration of you owning it. After the first 3 years, the average vehicle will be worth half its current worth. <\/span><\/p>\n

Apart from the car losing about 20% of its value when taken off the lot, an American auto comparison site reveals that new cars also devalue by about 23.5% after one year and by a whopping 60% after the first 5 years! This depreciation percentage eventually whittles down after a certain duration. <\/span><\/p>\n

There are specific<\/span> factors that impact the way your car loses value over time<\/b>. These are as follows;<\/span><\/p>\n