Tips for Buying a Vehicle with a High Resale Value

All kinds of considerations will come to mind when you’re buying a new vehicle in Longmont. You’ll want to know things like what kind of maintenance you can expect for the vehicle, what kind of gas mileage you’ll get, what it will cost to insure, and what the resale value of the vehicle might be if you plan to sell it down the road.

Choosing a Vehicle with a High Resale Value

In today’s post, we’re going to focus on that last consideration: choosing a vehicle with a high resale value. While this certainly isn’t the most important quality to look for in a car, it plays a big role for many drivers which is why it’s an important topic to discuss.

Choose a popular make and model 

Sometimes it’s great to stand out from the crowd. But if you’re focused on resale value, it’s not always the best route for your vehicle. Your best chance of choosing a vehicle with a high resale value comes with choosing a popular make and model. These vehicles are usually popular for a number of reasons, including fuel economy and reliability—both qualities that will have a positive effect on its resale value.

Watch your mileage

If you take two virtually identical vehicles but one has significantly more mileage on it than the other, you can guess which one will have a higher resale value! Do your best to keep your mileage down by avoiding any unnecessary trips. Then, when you go to sell your vehicle, this can work in your favor. 

Consider buying a used vehicle

Another option to consider is purchasing a used vehicle rather than one that’s brand new. Vehicles begin to depreciate the second they are driven off the lot. If you opt for a used vehicle instead, you’re letting the vehicle’s initial owner cover the depreciation rather than being responsible for it yourself.
Do you want to learn more about your options for auto insurance in Longmont for new and used cars? We’re here to help! Contact 1st American Insurance Agency today to get started!