Most vehicles lose almost all of their resale value within a year or two of driving off the dealership lot. There are some exceptions to this rule, including that tempting lineup of Toyota trucks for sale you see on your morning commute. Here are some examples of why spending more money on a vehicle makes them "mo' betta" when you decide to sell it in the future.
Top Companies with the Best Resale Value on Vehicles
CNN reported recently what the current top ten companies and vehicles are (of course, they based their research on Kelly Blue Book values, so anyone else could have figured this out, too). Out of the top ten vehicles, Toyota had a decent foothold, while one of its competitors had three cars in the top ten, and another competitor had two.
While the vehicle in the lineup was not a truck, Toyota still maintains better resale value over many American car manufacturers. Most of this company's vehicles maintain at least fifty percent or more of their resale value after five years. That is at the same time most consumers decide to trade up or trade in what they have been driving.
Buying the Vehicle with the Larger Sticker Price
You can always haggle the price of any vehicle down to something you would rather pay. However, the sticker price on many of this company's vehicles is already a deal, when you take into account what you will get back when you sell the vehicle or trade it in for a newer model. The manufacturer backs its resale value on trade-ins when you sell it back to the dealership you bought your vehicle from. If you choose to haggle anyway, you will gain a bigger advantage when you sell it because you could get back more money than what you paid!
Cars from the Competitors
The car that CNN reports as the top vehicle is actually a luxury car. It is the odd Thomas of the bunch, since the rest are economy class and basic passenger vehicles. If you want a luxury car, you could buy the only one with excellent resale value, or you could buy any one of the vehicles from others in the lineup. You could also buy a truck from known auto companies that consistently have resale values higher than similar vehicles from its competitors. The decision is a weighty one, but when you want a truck from, say, Toyota, you will still come out ahead.