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

    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. Geriatric Member BRealistic's Avatar
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      10-05-2012 12:17 AM #6
      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 12:21 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. Senior Member Lwize's Avatar
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      10-05-2012 12:34 AM #8
      Honda Fit.

      They only go up in value.
      :gift:

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      10-05-2012 12:41 AM #9
      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. Member Live-Wire's Avatar
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      10-05-2012 01:20 AM #10
      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 #11
      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.

    12. Member Live-Wire's Avatar
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      10-05-2012 01:28 AM #12
      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 #13
      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 #14
      Quote Originally Posted by OOOO-A3 View Post
      Golf TDI
      Quote Originally Posted by NoXenons View Post
      Jetta TDI
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    15. Member TM87's Avatar
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      10-05-2012 01:50 AM #15
      Looking for a Brand new car for 15K and want a great resale value? Only on TCL
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    16. Member Woodski's Avatar
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      10-05-2012 01:50 AM #16
      lol resale values

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      10-06-2012 10:50 AM #17
      Said 15k new car....http://www.byersmazdasubaru.com/deta...chvkid=1214165

      Adding factory cruise cost sub $200 after purchase. Win Win.

    18. 10-06-2012 10:54 AM #18
      Why are you buying new if you plan to sell in a few years?
      You are the one taking the biggest hit on the price.
      Buy a car that is a year or two old.

    19. Member retro_rocket's Avatar
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      10-06-2012 10:55 AM #19
      Quote Originally Posted by BAM6I4 View Post
      Said 15k new car....http://www.byersmazdasubaru.com/deta...chvkid=1214165

      Adding factory cruise cost sub $200 after purchase. Win Win.
      That's a great deal...I'd be all over that. FWIW the non-Skyactiv 2.0L 3 will still get an easy mid-30s MPG on the highway, so you're still going to have good fuel economy - just not 40 MPG.

      Quote Originally Posted by Air-over-water View Post
      Why are you buying new if you plan to sell in a few years?
      You are the one taking the biggest hit on the price.
      Buy a car that is a year or two old.
      If he is really interested in the Mazda...the 3 has pretty good resale value, so they are not always a good used buy, if you can snag a great price on a new one. Example:

      http://www.byersmazdasubaru.com/deta...chvkid=1281345

      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.

    20. 10-06-2012 11:07 AM #20
      Quote Originally Posted by retro_rocket View Post
      If he is really interested in the Mazda...the 3 has pretty good resale value, so they are not always a good used buy, if you can snag a great price on a new one.
      If he does really want the 3, then that is a great buy. Plus it is a 2012 which is not the 'new' car, find that price for the new 2013 3.

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      10-06-2012 11:15 AM #21
      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.

    22. Swallow Doretti
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      10-06-2012 11:25 AM #22
      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 #23
      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 #24
      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.

    25. Member adrew's Avatar
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      10-06-2012 12:28 PM #25
      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
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    26. Member dieselraver's Avatar
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      10-06-2012 12:31 PM #26
      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!

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      10-06-2012 12:33 PM #27
      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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    28. 10-06-2012 01:50 PM #28
      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.

    29. Banned Saintor's Avatar
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      10-06-2012 02:07 PM #29
      When I will return the car after 48 months / 60000 miles, Honda Canada considers a trade-in residual of 52%. Awesome.

    30. Geriatric Member BRealistic's Avatar
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      10-06-2012 08:21 PM #30
      Quote Originally Posted by BAM6I4 View Post
      Said 15k new car....http://www.byersmazdasubaru.com/deta...chvkid=1214165

      Adding factory cruise cost sub $200 after purchase. Win Win.
      Is adding cruise that easy? How so?
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      10-06-2012 09:18 PM #31
      I bought my Honda Fit Sport 4 years ago for $15.5k and blue book is $14k now. That's amazing. I am considering selling it but will sell it for a bit less than that to give someone a good deal. But that it very little depreciation.

    32. Geriatric Member BRealistic's Avatar
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      10-06-2012 10:11 PM #32
      Quote Originally Posted by Sherpa23F View Post
      I bought my Honda Fit Sport 4 years ago for $15.5k and blue book is $14k now. That's amazing. I am considering selling it but will sell it for a bit less than that to give someone a good deal. But that it very little depreciation.
      How many miles?
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    33. 10-07-2012 03:18 AM #33
      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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    34. Member Sherpa23F's Avatar
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      10-07-2012 06:31 AM #34
      Quote Originally Posted by BRealistic View Post
      How many miles?
      44k. It's been serviced regularly by the Honda dealership and the only major expense has been a new set of tires.

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      10-07-2012 07:20 AM #35
      Fit. If you're lucky, you can find a slightly used model for marginally less and avoid sales tax.

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