Dependable cars hold their value
Toyota cars, trucks and SUVs retain a large portion of their value for many years. Superior reliability and performance make used Toyotas quite desirable. In recent months, several top automotive websites have assigned high resale value rankings to this brand. You can also see proof of this advantage by looking at classified ads or visiting Toyota dealerships with pre-owned cars.
Kelley Blue Book and Automotive Lease Guide issued separate resale value rankings in November 2013. Toyota and Lexus surpassed every other automaker on KBB's list, according to USA Today. Likewise, ALG reported that Toyota models in eight different categories retain more value than other brands' cars. The top vehicles included the Tacoma, FJ Cruiser, Tundra, Highlander, Avalon and Sienna.
Edmunds granted several Best Retained Value awards in 2013. It recognized Toyota's Venza as the station wagon with the lowest rate of depreciation. The Prius and Tacoma also received top ratings in their categories. AutoTrader highlighted the Toyota Highlander and Camry in their recent list of five family-oriented vehicles with high resale values.
The experts usually know what they're talking about, but they can be wrong now and then. Remember when they said that the Dow Jones would reach 30,000 points and home prices were going to rise forever? Luckily, you don't have to take anyone else's word for it. Buyers can easily confirm the high resale values of Toyota vehicles by looking up used car prices.
To find some examples, we searched Craigslist for autos in Cheboygan and northern Michigan. It revealed that the majority of local owners and dealers ask $11,000 to $19,000 for Toyotas from 2011. Most sellers still want more than $3,000 for Toyota cars that were produced 10 years earlier. Keep in mind that vehicles typically lose 35% to 80% of their value in five years.
Greater value retention allows you to sell or trade in your car for more money. You might decide to do this if you retire, start a family or move elsewhere. Models with high resale values also cost less to lease. These cars still prove desirable if you plan to keep a vehicle for the rest of your life. Toyotas retain their value because they perform reliably and last for many years.
To maximize your next car's resale value, it's best to choose a Toyota dealership with competitive prices and a top-notch maintenance facility. Motorists in Cheboygan and northern Michigan find this at Fernelius Toyota. Our friendly, knowledgeable staff helps buyers browse our tremendous vehicle inventory. We even offer a comfortable waiting area with a fireplace, exercise equipment and TV sets. To get started, please call or visit our dealership on North Straits Highway.