The Brand With the Best Resale Value May Surprise You
There is so much to consider when looking for a new car, such as luxury performance, reliability, fuel efficiency, and overall design. However, one of the most important factors to take into account when car buying is resale value. After all, you might decide to sell it if you want to upgrade or urgently need money. Even with minor wear and tear, it would be unfortunate if you just received a portion of your money back. However, luxury cars often don’t keep their value well.
Subaru vehicles have the best resale value
After 3, 5, or 7 years of ownership, Subaru ranks top in retained value. Subaru achieves this high position with outstanding performances from the BRZ, Impreza, and Outback models. Over the years, Subaru has consistently outperformed almost all other auto brands regarding value retention, making them the clear choice for those seeking long-term value. You can’t go wrong purchasing one of these, whether new or secondhand, when you consider that and their histories of safety and dependability.
According to CarEdge, the best value for Subaru vehicles is the 2021 model year. The 2021 model would be, on average, 94% less than a brand-new vehicle while still having 92% of its usable life left. The Subaru model years 2020 and 2019 are very appealing and offer a fair price.
To compile useful information for owners and consumers, the CarEdge professionals integrate extensive data with technical know-how. Their rankings consider numerous variables, such as the original new price, maintenance expenditures, and the remaining years of anticipated overall spending. The top-ranked model year offers the best value for your money among Subaru models.
The value of a Subaru Ascent at the end of five years, after a depreciation of 21%, is $35,384. When compared to a new one, getting a used Subaru Ascent that is only two years old can save you $3,232 while giving you a vehicle that is still quite new and has lots of usable life left. Overall cost of depreciation will be $6,270 if you intended to keep the vehicle for 3 years.
A Subaru BRZ will lose 25% of its value after five years and have a resale value of $24,257 at that point. A used Subaru BRZ that is two years old might total $4,547 less than a brand-new one while still being a fairly recent vehicle with lots of useful life left. Keeping this vehicle for 3 years would give a $3,539 total cost of depreciation.
The 5-year resale value of a Subaru Outback is $29,212 after a depreciation of 24%. It’s possible to save $4,588 if considering a 2-year-old Subaru Outback. Keeping this vehicle for 3 years would have a total depreciation of $4,431. The typical annual insurance premium for a Subaru Outback is $1,418. In contrast to depreciation, this expense is frequently reduced by comparing insurance premiums.
After five years, the value of a Subaru WRX will have decreased by 22%, making it worth $28,452 at that point. Owners might save $3,724 if they get a used Subaru WRX that is two years old as opposed to buying a new one. The Subaru WRX would have a total depreciation cost of $4124 if kept for another 3 years. A Subaru WRX is roughly $1,986 per year to insure, adding up to around $9,930 after five years. If you already have a Subaru WRX, comparing prices will help you avoid paying too much.