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Best Cars to Buy Now For Best Resale Later

Published: Wednesday, 19 Nov 2008 | 9:13 PM ET

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By: Carlo Dellaverson
Web Producer

They say that a new car depreciates in value the minute you drive it off the lot. But for many of us, what our new ride will be worth if we decide to sell it later is a big factor in the initial purchase.

Jack Nerad, executive market analyst for Kelley Blue Book, said that resale value is “arguably the top factor” in a new car purchase, although it is often also the most neglected. If you don’t know what your car will be worth in a few years, it could end up costing you money when it comes time to sell.

The best cars for resale value overall, according to the just-published Kelley Blue Book survey are:

Best overall brand: Honda

Midsize vehicle: Lexus IS

Compact vehicle: Mini Cooper

Luxury cross-over: BMW X5

Luxury over-all: Audi A5

The worst honors went to Isuzu, although many domestic brands did poorly as well. This represents what Nerad called a “lagging consumer perception” and that U.S.-made cars actually have better resale than they are given credit for.

>>To see Kelley Blue Book’s Top 10 Overall Cars By Resale Value, click here.

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Topics:Consumers | Automobile Industry | Personal Finance

Sectors:Automobiles and Parts

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