What part of owning a vehicle do you think costs the most? Fuel, taxes and fees? Car and Driver says what costs the most in owning a vehicle is actually when you sell it, when you take the depreciation hit. There are two ways to look at this: depreciation and retained value. Think of it as a glass half-empty or glass half-full scenario. For example, a vehicle that depreciates 35 percent retains 65 percent of its original value. Niche models may not make a ton of money for automakers, but they are often excellent opportunities for consumers if they scoop up the model just before it's canceled. The National Automobile Dealers Association tracks trade-in value to gauge which vehicles hold their value best. On average, vehicles lose almost half their original value within the first three years. But not all vehicles depreciate equally, so which ones hold their value, and which cars don't? The data below depicts retained values of three-year-old models.
Four Toyota models are among the top ten vehicles that hold their value best. At Gettel Toyota of Lakewood, we stand by the Toyota name and are proud to offer our customers reliable and safe vehicles.
When your Toyota needs scheduled maintenance or repairs, look no further than Gettel Toyota of Lakewood, where our qualified technicians are trained to handle your service needs quickly and affordably. We're even open seven days a week to better accommodate our customers' hectic schedules.
If you'd like to learn more about the resale value of your Toyota, drop by Gettel Toyota of Lakewood at 5959 E State Road 64 Bradenton, FL 34208. We look forward to seeing our customers from Bradenton, FL, and throughout Sarasota and Brandon!