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    Thread: New Compact Car w/ Best Resale value in 4-6 years?

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    1. Member
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      10-04-2012 11:24 PM #1
      In need of a new commuter, looking at Cruze/Mazda3/Focus/Etc, the normal ones and just curious if there are any estimates on which vehicles will hold the value the best?

      Budget is as little as possible. Sub 17k if possible.

      Thanks
      Last edited by BAM6I4; 10-04-2012 at 11:41 PM.

    2. Member mike02467's Avatar
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      10-04-2012 11:25 PM #2
      Honda Civic will hold its value the best.

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      10-04-2012 11:37 PM #3
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      10-04-2012 11:41 PM #4
      Quote Originally Posted by mike02467 View Post
      Honda Civic will hold its value the best.
      Definitely possible. However 2 issues with that. 1) I don't like the styling, and 2) its $2-$3k more initial cost.

      Personally I'm thinking Mazda3. These things are selling for nearly what a new one goes for when 2-3 years old and 30-50k miles. Crazy.

      My thoughts are buy for $15k new, sell in 3 years w/ 40k miles for $13k.

    5. Member mike02467's Avatar
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      10-04-2012 11:58 PM #5
      Quote Originally Posted by BAM6I4 View Post
      Definitely possible. However 2 issues with that. 1) I don't like the styling, and 2) its $2-$3k more initial cost.

      Personally I'm thinking Mazda3. These things are selling for nearly what a new one goes for when 2-3 years old and 30-50k miles. Crazy.

      My thoughts are buy for $15k new, sell in 3 years w/ 40k miles for $13k.
      How do you figure you are going to get one for $15k new? Do you really think ANY dealer near you even has a base model 3? And the base model is 16,700, and doesn't even have the skyactive engine, so they won't hold there value as well as you might think.

      2013 MAZDA3 i SV 4-Door
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      * Total MSRP includes $795 destination charge and additional costs for vehicles equipped with available packages, options or accessories. Destination charge $840 in Alaska. Vehicles displayed may contain optional equipment at additional costs. Actual dealer price may vary.

      good luck with that $15k number

    6. Member dieselraver's Avatar
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      10-06-2012 12:31 PM #6
      Quote Originally Posted by mike02467 View Post
      How do you figure you are going to get one for $15k new? Do you really think ANY dealer near you even has a base model 3? And the base model is 16,700, and doesn't even have the skyactive engine, so they won't hold there value as well as you might think.

      2013 MAZDA3 i SV 4-Door
      Total MSRP: $17,495*

      * Total MSRP includes $795 destination charge and additional costs for vehicles equipped with available packages, options or accessories. Destination charge $840 in Alaska. Vehicles displayed may contain optional equipment at additional costs. Actual dealer price may vary.

      good luck with that $15k number

      deals are to be had at end of year. look at my van, you saw the numbers, msrp was 36k ish, out the door for 30,080.00

      im sure mazda dealers are willing to take the hit to move inventory....

      but i don't see the Toyota Corolla or the Nissan Sentra listed. those will likely have an even larger discount than the others. good luck!

    7. Geriatric Member BRealistic's Avatar
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      10-05-2012 12:21 AM #7
      Quote Originally Posted by BAM6I4 View Post
      Definitely possible. However 2 issues with that. 1) I don't like the styling, and 2) its $2-$3k more initial cost.

      Personally I'm thinking Mazda3. These things are selling for nearly what a new one goes for when 2-3 years old and 30-50k miles. Crazy.

      My thoughts are buy for $15k new, sell in 3 years w/ 40k miles for $13k.


      Good luck finding a new Mazda3 with cruise control for $15k.
      If you are commuting a long way.. I would want cruise.
      manual or auto?
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    8. Swallow Doretti
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      10-06-2012 11:25 AM #8
      Quote Originally Posted by mike02467 View Post
      Honda Civic will hold its value the best.
      Let's not let actual facts from the company that determines residual values for third-party lease rates stand in the way of a half-page of blind conjecture.

      Oh, hi.



      https://www.alg.com/residual-value-awards.html

      Also, before the usual Bozo the Clowns jump in, notice the Honda Fit is ranked as Best Subcompact, and VW Golf TDI is best alt-fuel vehicle (a category that includes the Prius).

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      10-06-2012 11:33 AM #9
      I've recommended the fit to multiple people and two of them actually bought one. They love it.
      That would be my first choice.

      Another alternative is a toyota corolla. The resale on those things is just amazing. It is a boring car but would be a perfect commuter.

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      10-06-2012 12:16 PM #10
      There's also the fact that 4 to 6 years can be a surprisingly long time in the automotive world in terms of determining the residual value you actually end up getting - cars and entire automotive segments can come in and out of favor, drastically affecting the resale value.

      For example, we only bought our new Forte because, surprise!, our old Sedona was worth more than we owed on it (I had it appraised on a whim); I thought for sure I'd be upside-down on the minivan for at least another year or two.

      So while picking a specific vehicle may give you better odds of getting a good residual value, it's not a guarantee. And just because a car is expected to have poor residual does not mean that, with the right deal upfront, you can't come out ahead when the time comes to trade it in.

    11. Member adrew's Avatar
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      10-06-2012 12:28 PM #11
      Quote Originally Posted by Swallow Doretti View Post
      Let's not let actual facts from the company that determines residual values for third-party lease rates stand in the way of a half-page of blind conjecture.

      Oh, hi.
      How much of that is a result of the Hyundai Assurance Guaranteed Trade-In Value Program?

      It looks like they have dialed it back a bit since launch, as it is now only offered on the Genesis coupe, Genesis and Equus.

      https://www.hyundaiusa.com/assurance/trade-value.aspx
      Improving the signal-to-noise ratio

    12. Swallow Doretti
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      10-07-2012 12:13 PM #12
      Quote Originally Posted by adrew View Post
      How much of that is a result of the Hyundai Assurance Guaranteed Trade-In Value Program?

      It looks like they have dialed it back a bit since launch, as it is now only offered on the Genesis coupe, Genesis and Equus.
      Um...none? Hyundai Assurance only works if you buy another Hyundai, and doesn't affect lease rates through a bank.

      Seriously, the folks I know at Mannheim have said Hyundais crossing the auction block have been doing very well, on par with Toyotas, Subarus, VWs and Hondas. It's even helped the previous generation of cars--a 2008 Sonata that was trading for about $11,000 in 2010 will still trade for $11,000 today, since the better reputation has lifted the values.

    13. Member adrew's Avatar
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      10-07-2012 12:24 PM #13
      Quote Originally Posted by Swallow Doretti View Post
      Um...none? Hyundai Assurance only works if you buy another Hyundai, and doesn't affect lease rates through a bank.

      Seriously, the folks I know at Mannheim have said Hyundais crossing the auction block have been doing very well, on par with Toyotas, Subarus, VWs and Hondas. It's even helped the previous generation of cars--a 2008 Sonata that was trading for about $11,000 in 2010 will still trade for $11,000 today, since the better reputation has lifted the values.
      I was just curious if it'd had an impact and if the higher guaranteed trade-in values had inflated the overall statistics.

      The resale values are definitely improving. In 2010, I looked into dumping our 2007 Sonata which had about 48k miles on it at the time. I got appraisals in the $6900 range, which was rather disappointing since we had paid $16k for the thing three years earlier.

      We decided to keep it for awhile -- but after it started aging rapidly and after several warranty claims I took it to CarMax in summer 2011 (had 57k miles on it at that point) and they offered $10k for it despite a bunch of parking lot dings and a chipped windshield (and a pinging engine, sloppy transmission, shot shocks, noisy A/C compressor, etc).
      Improving the signal-to-noise ratio

    14. Geriatric Member BRealistic's Avatar
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      10-07-2012 12:28 PM #14
      Quote Originally Posted by Swallow Doretti View Post
      Um...none? Hyundai Assurance only works if you buy another Hyundai, and doesn't affect lease rates through a bank.
      .
      Anything that helps improve resale value concerns will improve resale values- as owners are less willing to take lower trade values.

      I remember back in the mid 90s when Saturn dealers would actually contact Saturn owners and tell them they would pay XXXX for their used Saturn. That really helped keep used Saturn values elevated back then as owners would not trade them in even at a non Saturn dealer for silly low amounts.
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    15. 10-08-2012 08:50 AM #15
      Quote Originally Posted by Swallow Doretti View Post
      Um...none? Hyundai Assurance only works if you buy another Hyundai, and doesn't affect lease rates through a bank.

      Seriously, the folks I know at Mannheim have said Hyundais crossing the auction block have been doing very well, on par with Toyotas, Subarus, VWs and Hondas. It's even helped the previous generation of cars--a 2008 Sonata that was trading for about $11,000 in 2010 will still trade for $11,000 today, since the better reputation has lifted the values.
      You always bring up Hyundai "great" resale value and get all pissy when people disagree, yet I still haven't seen Hyundai here going for anything close to Honda resale values, unless you are comparing like a 2 year old sonata to a 4 year old civic.

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      10-08-2012 09:27 AM #16
      Quote Originally Posted by Swallow Doretti View Post
      Seriously, the folks I know at Mannheim have said Hyundais crossing the auction block have been doing very well, on par with Toyotas, Subarus, VWs and Hondas. It's even helped the previous generation of cars--a 2008 Sonata that was trading for about $11,000 in 2010 will still trade for $11,000 today, since the better reputation has lifted the values.
      Then they must be lying to you.

      The average transaction on a 2008 Sonata GLS 4 Cylinder is $6800. The average transaction on a 2008 Accord LX 4 cylinder is $9700. These are based off upper 80's for mileage. I don't know what data you are looking at, or if you are going by word of mouth, but I am literally looking at the Manheim data right now as I type this out.
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      10-07-2012 12:27 PM #17
      Not sure either can be had for $17k but these 2 will hold value the best:

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      10-05-2012 12:17 AM #18
      Quote Originally Posted by BAM6I4 View Post
      In need of a new commuter, looking at Cruze/Mazda3/Focus/Etc, the normal ones and just curious if there are any estimates on which vehicles will hold the value the best?

      Budget is as little as possible. Sub 17k if possible.

      Thanks
      Oh.. $17k.

      If you are worried about resale value, why not lease?
      Or even buy used?


      How long is your commute? Highway?

      A base midsize might be a better value than a mid level compact.
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      10-05-2012 12:34 AM #19
      Honda Fit.

      They only go up in value.
      :gift:

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      10-05-2012 12:41 AM #20
      Quote Originally Posted by Lwize View Post
      Honda Fit.

      They only go up in value.
      And you'll never stop buying them. They are the new Toyolla.
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      10-05-2012 01:20 AM #21
      In Canada the top small cars for residuals are: Mazda 3, Golf TDI (probably Jetta TDI too), Subaru Impreza, Honda Civic, Toyota Corolla.

      Everything else is a joke. Fords and Chevy's are a dime a dozen, same with any Hyundai/Kia. Dodge has always been cheap resale too, but who knows what the Dart might do. The one big sticking point with going with these brands is resale... great cars, but worth very little in three years. If you don't like the car you're pretty much stuck. Meanwhile, I'm bored with my Golf after 2.5 years, and I can get a good enough trade in value to break even on a balloon-payout 4-year loan... I paid essentially what a lease payment would have been, except I doubled the maximum mileage. Not financial lounge approved, but whatever.

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      10-05-2012 01:23 AM #22
      Quote Originally Posted by Live-Wire View Post
      In Canada the top small cars for residuals are: Mazda 3, Golf TDI (probably Jetta TDI too), Subaru Impreza, Honda Civic, Toyota Corolla.

      Everything else is a joke. Fords and Chevy's are a dime a dozen, same with any Hyundai/Kia. Dodge has always been cheap resale too, but who knows what the Dart might do. The one big sticking point with going with these brands is resale... great cars, but worth very little in three years. If you don't like the car you're pretty much stuck. Meanwhile, I'm bored with my Golf after 2.5 years, and I can get a good enough trade in value to break even on a balloon-payout 4-year loan... I paid essentially what a lease payment would have been, except I doubled the maximum mileage. Not financial lounge approved, but whatever.
      The obvious move is to get a two or three year old Ford or Chevy. The major depreciation is done.

    23. Member Live-Wire's Avatar
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      10-05-2012 01:28 AM #23
      Quote Originally Posted by CBJ View Post
      The obvious move is to get a two or three year old Ford or Chevy. The major depreciation is done.
      Yup. I know quite a few very satisfied Focus and Cobalt owners. Not to mention Charger and Fusion. All paid less then half the original value for a low km, decent car. Some even with a warranty still on it.

      Quote Originally Posted by NoXenons View Post
      I sold my Celebrity for $500 more than I paid for it.
      We're talking late-model here... You can clean up any older banger and market it better then the person who sold it to you and make $500. My buddy used to buy ignored GM's all the time. He made $4000 profit on a Bonneville just because he replaced all the burnt out dash lights, polished it properly, vacuumed the interior, and made the power seat work again.
      Last edited by Live-Wire; 10-05-2012 at 01:31 AM.

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      10-05-2012 01:36 AM #24
      Quote Originally Posted by Live-Wire View Post
      We're talking late-model here... You can clean up any older banger and market it better then the person who sold it to you and make $500. My buddy used to buy ignored GM's all the time. He made $4000 profit on a Bonneville just because he replaced all the burnt out dash lights, polished it properly, vacuumed the interior, and made the power seat work again.
      Did he sell it to someone from Kitchener? Kitchener is like the elephant graveyard for Bonnevilles. Don't know why; they seemed to be everywhere.

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      10-05-2012 01:48 AM #25
      Quote Originally Posted by OOOO-A3 View Post
      Golf TDI
      Quote Originally Posted by NoXenons View Post
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      10-05-2012 01:50 AM #26
      Looking for a Brand new car for 15K and want a great resale value? Only on TCL
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    27. 10-07-2012 01:56 PM #27
      Quote Originally Posted by CBJ View Post
      The obvious move is to get a two or three year old Ford or Chevy. The major depreciation is done.
      Those are former rentals. Or have terrible resale due to market flooded by aforementioned former rentals.

      That alone is part if the reason the Honda will have better resale. NO RENTAL FLEET CARS FOR HONDA.

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      10-07-2012 02:00 PM #28
      Quote Originally Posted by gsprobe View Post
      Those are former rentals. Or have terrible resale due to market flooded by aforementioned former rentals.

      That alone is part if the reason the Honda will have better resale. NO RENTAL FLEET CARS FOR HONDA.
      http://www.hertzcarsales.com/used-ca...ke/honda/civic
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    29. 10-07-2012 02:07 PM #29
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      10-06-2012 12:33 PM #30
      I would think the Cruze Eco model hold value really well. It wouldn't surprise me if gas hits 5/gallon and diesel even more. Those 40mpg cars are going to increase in value like the TDi.

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    31. 10-06-2012 01:50 PM #31
      Not sure about your area but Mazda 3 resale is rock bottom around here. Civics, TDIs, Corollas are the closest thing to an investment in that market.

      Just open up an Auto Trader.
      Last edited by WhistlerYOW; 10-06-2012 at 01:55 PM.

    32. 10-06-2012 02:07 PM #32
      When I will return the car after 48 months / 60000 miles, Honda Canada considers a trade-in residual of 52%. Awesome.
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      10-07-2012 07:43 AM #33
      Quote Originally Posted by TooFitToQuit View Post
      Fit. If you're lucky, you can find a slightly used model for marginally less and avoid sales tax.
      How can you avoid a sales tax?

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