EVs that Hold Value the Best
For a long time, EVs have been notoriously some of the worst cars when it comes to holding value. But the market is changing, and some manufacturers have built models that hold their value better than others.
Today, we look at the top electric vehicles that hold their value the best in 2023 — and the reasons behind this.
How Well Do EVs Hold Their Value?
Electric vehicles (EVs) are taking over the automotive industry. They still account for a very small sliver of the total market, but more and more buyers are considering an EV as an alternative. But while everyone loves the idea of saving on fuel costs, how much will you be able to sell your EV for in the future? How well do EVs hold their value, and should you invest in one? Join us as we take you through the electrifying world of car depreciation.
Resale Value: Electric Vehicles Vs Gas Vehicles
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.
10 Cars with the Best Resale Value in 2023
As we all know, a brand new car will lose at least 9-11% of its value as soon as it’s driven off the lot. However, there are some cars that hold value better than others. It’s important to know what cars these are, especially when it comes to buying and selling them.
Below are the top 10 cars with the highest resale value:
10 Cars that Depreciate the Fastest in 2023
Here’s some good news and bad news about buying a new car. The good news is that you can impress your friends and turn everyone’s heads. The bad news? That car may be a money pit, depreciating so much in value that you wish you never bought it.
In fact, some cars depreciate so quickly that you can hear money leaving your wallet. Therefore, before you contemplate putting money in that sedan or SUV, check out this list of 10 cars with the highest depreciation rates.
Top Tips to Turn Your Car into Cash
We’ve pulled together a handy, simple guide to help you get more cash for your car. In this guide, we’ll tell you how to evaluate your car’s value, where to sell your car for the best price, plus more tips to sell your car for cash.
Pros & Cons of Selling Your Car to a Dealership
When it comes to selling your used car, you have a few options available. This includes various online platforms, auctions, and the more traditional route — dealerships.
If you are asking yourself the question “Should I sell my car to a dealership?”, then this is the perfect blog article for you.
Used Car Sales Tax Laws in Pennsylvania
Buying or selling a car is no small feat. You’ll have to complete some paperwork and pay a few fees in order to finalize the transaction, and both parties need to be aware of this.
Moreover, sales tax in Pennsylvania will raise the total cost of the vehicle in question — and it’s not something you can avoid. Therefore, understanding how used car sales tax laws in Pennsylvania work is essential to buying or selling a vehicle in the state.
Keep reading to learn more.
Penalties for Selling Too Many Cars in Pennsylvania
That’s right, car flipping exists — and there are potential profits to be made! However, in doing so, you could run the risk of violating your state’s laws if you’re not careful. Of course, each state has different regulations for non-dealers when it comes to selling cars.
So, let’s talk about the car-selling penalties in Pennsylvania for those thinking about getting into “the business” of reselling used cars.
Car Selling Laws in Pennsylvania
When you sell a used car, you want to make sure that you’re following all the rules. That means brushing up on the regulations specific to your state. Resident in PA? Then here are all of the car-selling laws in Pennsylvania that you need to know about.
