Honda Civic will hold its value the best.
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.
Last edited by BAM6I4; 10-04-2012 at 11:41 PM.
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.
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
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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.
Last edited by Live-Wire; 10-05-2012 at 01:31 AM.
Said 15k new car....http://www.byersmazdasubaru.com/deta...chvkid=1214165
Adding factory cruise cost sub $200 after purchase. Win Win.
Used '10 3 sedan, at the same dealer, nearly same spec as the brand-new one posted above except this one has a CD changer and cruise control. 39K miles. It's only $1,000 cheaper than a brand-new one. At that price differential, why not get the new one, with full B2B warranty?
It was the same situation I found when I bought my 3 a couple years ago. I paid ~$17K for mine brand new...meanwhile, identical used ones with 30K miles were sitting on the other side of the lot for...$16,500.
Last edited by retro_rocket; 10-06-2012 at 11:00 AM.
I know op says he needs compact car, but if resale is #1 priority seriously base model Toyota Tacoma reg cab, automatic in white. Will still be worth what you paid for it in four years.
But on topic, I vote for Honda Fit. Honda dealers can't get enough of them, used ones are selling for more than new etc....
third choice would be 2013 Impreza base, AWD, good mpg and good resale.
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).
Originally Posted by alleghenyman
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.
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.
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.
Improving the signal-to-noise ratio
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!
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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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just buy a used one so someone else takes the major hit then you can probably get a nicer car and loose less than buying new. Unless you want the skyactiv mazda....then your probably SOL because i doubt youll find any used ones much cheaper than new.
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