Used Cars That Hold Their Value

Are you one of those people who would rather buy a used car and let someone else take the massive loss when buying a new one? There are many great used cars to choose from at a much more affordable price than buying a new one. In today’s economy, buying a used car is a smart way to save money. Whether you’re shopping for a new or used vehicle, the best way to approach a vehicle purchase is to get your own financing from a bank or credit union on your own. This will ensure that you get a pending rate and that you are one hundred percent clear on the terms of your loan. Going to a dealership knowing that he is pre-approved for a certain dollar amount puts you in the driver’s seat when he heads to the negotiating table.

Thinking about which car to use to buy is another story. Everyone has their favorite makes and models that they love for different reasons, but there are certain vehicles that will be a better investment in the long run. When it comes to top resale value, these are your top ten brands: Volkswagen, BMW, Acura, Honda, Porsche, Subaru, Lexus, Infiniti, Audi, and Toyota. These vehicles are the most popular used cars out there and are more likely to hold their value. Now something to consider is the different models within these brands. You will find that certain models outperform others. For example, Volkswagen’s used cars as a group have been shown to hold their value. Although, the Jetta can outsell the Beetle when it comes to resale, which makes the Jetta a smarter buy.

There are also vehicles that lag behind when it comes to maintaining their value in the used car market. This means that you may be able to buy them for less money to start with, but they will most likely depreciate more quickly. These bottom ten brands are: Suzuki, Kia, GMC, Mercury, Dodge, Chrysler, Lincoln, Jeep, Ford, and Jaguar.

In general, when it comes to buying a vehicle and saving money, the best way to keep money in your pocket will be to buy a late-model car that is only a few years old and has only a few miles on it.