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.
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.
Used Car Insurance Laws in Pennsylvania
Car insurance can be confusing at the best of times. Every state has different laws surrounding what you do and don’t need to be covered, so you might not always know where you stand.
Here we’ve gathered together everything you need to know about car insurance laws in Pennsylvania. Keep reading to find out more!
Motobyo Gives Both Buyers and Sellers Big Advantages in Today’s Tempestuous Used Car Market
Better Pricing, Better Savings, Bigger Reach through Motobyo’s Consumer-focused Marketplace Philadelphia, Pennsylvania – March 1, 2023 – Current U.S. economic trends, coupled with manufacturing and supply-chain issues, aren’t helping everyday consumers. Prices are rising. Selection is limited. And options are few and far between. That’s very evident in the auto industry. A recent article in […]
What to Look for When Buying a Used Truck
Whether this is the first time you’ve shopped for a used truck — or just the first time you’ve shopped for one online — it’s worth setting the groundwork before you start browsing.
What is Good Mileage for a Used Truck?
There is more to consider when buying a used truck than mileage alone. Mileage can tell a great story, especially when coupled with things like age, use, maintenance, etc. Keep reading to learn about mileage on used trucks.
Car Buying Tips During Tax Season
Tax season can be a second Christmas for most adults. However, it can be hard to decide whether you should save your money or spend it on something you need (or don’t need). Of course, if you have the money to spend and need a new car, then you have your answer. Not convinced just […]
10 Best Used Trucks and SUVs for Off-Roading
Off-road vehicles come in all shapes and sizes. The right used truck or SUV can have outstanding off-road capabilities at a great price.
