Motobyo Blog
Toyota Vs Chevy 2023, A Detailed brand comparison
Owning an electric vehicle (EV) comes with many benefits, including a reduced cost to maintain and lower cost to change vs. refueling a gas powered vehicle. Unfortunately, resale value is not one of those benefits, especially when compared to your traditional gas-powered vehicles.
Of course, that doesn’t mean that EVs may not eventually amass a comparable resale value to their gas-powered counterparts. For now, though, it’s important for car buyers and sellers alike to understand what factors into the resale value of these vehicles to help make better purchase decisions.
In this article, we’ll explain the EV vs gas resale value phenomenon so you can get a better understanding of the reasoning behind the EVs poor depreciation.
Keep reading to learn more.
Detailed brand comparison of Kia Vs Toyota
Owning an electric vehicle (EV) comes with many benefits, including a reduced cost to maintain and lower cost to change vs. refueling a gas powered vehicle. Unfortunately, resale value is not one of those benefits, especially when compared to your traditional gas-powered vehicles.
Of course, that doesn’t mean that EVs may not eventually amass a comparable resale value to their gas-powered counterparts. For now, though, it’s important for car buyers and sellers alike to understand what factors into the resale value of these vehicles to help make better purchase decisions.
In this article, we’ll explain the EV vs gas resale value phenomenon so you can get a better understanding of the reasoning behind the EVs poor depreciation.
Keep reading to learn more.
What Luxury Cars Have the Worst Resale Value?
You would think that of all the cars out there, luxury cars would retain the most value over time. After all, they’re associated with opulence,
SUVs that Depreciate the Fastest
Vehicles with the most expensive MSRP when new typically depreciate the fastest. The sale prices start so high that there’s nowhere to go but down.
Top SUVs That Hold Value Best
If there’s one common mistake many new vehicle buyers make, it’s overlooking the resale value of their potential new ride. SUVs will lose up to
Trucks that Depreciate the Fastest
As a rule, trucks hold their value better than most cars. This makes them a sound investment when buying a new vehicle. That said, truck
What Luxury Vehicle Has the Best Resale Value?
Luxury cars are notorious for their poor resale value compared to other types of vehicles. While the average new vehicle can retain 45% of its value or more after five years of ownership, this kind of retention rate is a best-case scenario for most luxury cars.
That said, some luxury vehicles hold their value better than others. Let’s take a closer look at luxury car depreciation and discover the luxury cars with the best resale values.
What Depreciates a Car the Most?
There are several specific factors that cause a car to depreciate. Here are the 10 biggest car depreciation factors that affect resale value.
Motobyo Blog
Top 16 Car-Selling Mistakes & How to Avoid Them
If you’ve never sold a used car before, it’s easy to make one of these common car-selling mistakes. To avoid wasting your time, ending up out of pocket, or worse — encountering a scam — take a read through this list before listing or selling your car.
What is a Vehicle History Report
A vehicle history report is an invaluable source of information about a car’s life, including any reported damage, the number of previous owners, and more. It’s also easy to obtain and use for reference when buying or selling a used vehicle. The vehicle history report is a valuable piece of information and can affect the value more than any other factor.
Can You Sell a Car Without the Title & Registration?
If you’ve decided to sell your car, you’ll want to make sure that it’s in excellent working order and looking like new. You’ll also need to gather the relevant documentation, such as the title and registration.
But what happens if you don’t have these documents? Can you sell a car without the title and registration? Keep reading to learn more about these documents and whether you always need them to sell your car.
Where Should I Sell My Car Online
The internet today is full of options, from Craigslist and other generic marketplaces to Cars.com and other lead generation sites for car dealers — and there’s something out there for every type of seller.
How to Sell a Car with a Loan
The main difference between selling a car you’re still making payments on versus one you own completely is getting the lender to release the title so the buyer can take ownership. This essentially means getting the current loan paid off — and you technically don’t have to be the one who pays it off.
Should I Sell My Car on Facebook Marketplace
Selling a used vehicle on Facebook Marketplace is a very different experience than selling a household good, mainly due to the complexity of a vehicle transaction and the value of vehicles in general. This marketplace was never designed to sell vehicles, so your selling experience on this platform may not go exactly as you hoped.
How to Safely Sell Your Car Online
Selling a car online isn’t like selling your old clothes or devices on a second-hand site. Vehicles are expensive and with any sort of major purchase between two parties there will be questions from both sides that need answering and risks involved.
Why Use Auction Sites to Sell My Car in 2023
If you’ve decided now is the time to sell your car, but you don’t know where to sell it, you’re in the right place! Using auction sites to sell your car not only streamlines the entire process, but can help you get the most value for your pre-loved car. It’s also an equally efficient experience for the buyer.
