22 vehicles that might work better for longer-term contracts

22 Dec 2015 | Author: | No comments yet »

22 vehicles that might work better for longer-term contracts.

Subaru was named the top mainstream brand for resale value, with four winning models. With contract terms continuing to lengthen, perhaps this year’s contingent of Best Resale Value Awards from Kelley Blue Book might provide finance companies with vehicles to enhance underwriting and origination decisions. It’s a scary truth we all have to face when we consider purchasing a new car, so it’s important to look at vehicles that retain their resale value extremely well. KBB’s overall top 10 cars for resale for 2016 includes the Chevrolet Camaro, Chevrolet Colorado, GMC Canyon, GMC Sierra, Jeep Wrangler, Subaru Forester, Subaru WRX, Toyota 4Runner, Toyota Tacoma, and Toyota Tundra.

For the second year in a row, Subaru and Lexus earned top honors for best brand and best luxury brand (respectively), with Subaru claiming four model winners and Lexus producing six model winners from a total of 22 different segments. KBB’s editors describe vehicle depreciation as “the greatest expense incurred by drivers in the first five years of vehicle ownership” and predicts the average 2016 model year vehicle will only retain about 35 percent of its original value over five years. The Wrangler established itself as a true American icon, retaining 64.3% of its value over the course of 36 months and 53.9% of its value over 60 months. With the no-frills base Wrangler Sport trim starting with a price tag just under $25,000, you might say that this rugged Jeep’s resale value is quite the number. Vehicles that earn the highest five-year residual values, expressed as a percentage of their original manufacturer’s suggested retail price (MSRP), are selected for these awards.

Add the fact that many Wrangler owners add aftermarket parts to make it even more off-road ready, and the Jeep Wrangler will definitely get you more bang for your buck. Low-volume vehicles and vehicles with an MSRP of more than $60,000 are excluded from award consideration, except in the plug-in vehicle, luxury and high-performance categories. Editor’s note: Sister publication Auto Remarketing also talked with Ibara to get more details about KBB compiled this year’s list of honorees for a report available here.

The prestigious website studies current vehicle data, sales data, market conditions, competition within each vehicle’s segment, future economical expectations, and the experience of its marketing and pricing analysts.

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