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It is a well known fact that cars are a depreciating asset,
and not really a good investment choice.
Big dollars evaporate as you drive out of the showroom, and
your vehicle makes the transition from ‘new’ to ‘second hand’.
Potential future Re-Sale Values should be considered when
purchasing any new vehicle, and becomes even more important when it has been
financed. The last decade has seen a shift from large family sedans and wagons
towards smaller cars with lower purchase prices and running costs. Also gaining popularity lately are the more
economical and refined diesel engines.
These days models like the Toyota Yaris, Mazda 3, Mitsubishi
Lancer and Subaru Impreza tend to retain above average valuations, and popular
brands include Honda, Mazda, Subaru and Volkswagon.
Re-sale values are influenced by various factors including
the cars age, availability of comparable used vehicles, colour (bright
fashionable colours generally have a
limited lifespan and are less favoured), condition, make/ model/ manufacturer’s
reputation, odometer reading, registration renewal and service history.
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