Pearson & Company Insurance, Inc 601-482-6699
Get a Quote
Interested In
Zip Code
Get A Quote Quick Links Auto Insurance Home Insurance Church Insurance Business Insurance




Car Depreciation and Resale Values


You may think that maintenance and insurance are the larger costs of owning a vehicle, but depreciation is an even greater expense for many car owners. Predicting future resale values is largely an educated guess based on various economic factors and historical data. Use this guide to help you get a feel for the topic and determine what to look for when it's time to shop.

A Look at Depreciation

The moment you drive a new vehicle off the lot, its value begins to decline by as much as 10 percent. And that depreciation continues, with most cars losing somewhere between 15 and 25 percent of their value each year for the first five years. (The rate of depreciation varies by model.)

Some factors, like choosing a luxury brand or driving fewer-than-average miles, can slow a declining value. Others, such as trendy optional features, gas prices and current events, could cause your automobile to quickly drop in value regardless of its brand.

Cars With Higher Values

For the time being, it seems bigger depreciates better. This year, experts at Kelley Blue Book slotted trucks and SUVs in nine of the top 10 spots on their 2017 Best Resale Value Awards. Subaru, Honda, Toyota and Lexus are among the automakers who consistently top the lists of cars with higher value retention.

New Vehicles to Reconsider

The Chevrolet Camaro is one example of a vehicle experts predict will face higher depreciation due to a 2016 redesign and strong sales for the competing Ford Mustang. Some 2016 models that are expected to face resale issues include the Nissan Leaf, Dodge Charger, Volkswagen Beetle and Kia Optima


Want to bring in more money come trade-in time? Do your research on cars and their resale values before making the investment.

Posted 6:18 PM

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013

View Mobile Version
Get A Quote
Manage My Policy
Submit A Claim Pay Your BIll Customer Service
  Our Site Links

Home Page
Who We Are
Our Carriers
Map & Direction
Contact Us
Type of Insurance

Auto Insurance
Home Insurance
Church Insurance
Business Insurance
Motorcycle Insurance
Boat Insurance
Recreational Vehicle Insurance
Contact Info

Pearson & Company Insurance, Inc.
2210 13th Street
Meridian, MS 39301

Phone: 601-482-6699
Fax: 601-482-1526
FacebookTwitterLinkedInGoogle+RSS FeedYouTube

            Get Quotes from the Best Companies
American Modern
Condon Skelly