The staff at Kelly Blue Book has created categories of vehicles that project how well a car or truck will do in terms of overall resale value. They award “honor vehicles expected to maintain the greatest proportion of their original retail price after five years of ownership.” These are good vehicles for consideration if you are looking into purchasing a vehicle.
So when you are researching your vehicle, take some time to review the projections of resale value on the Kelly Blue Book web site. You may find that the car or truck you want isn’t nearly as good of a deal over time as you thought.
Watch the repairs
In addition to depreciation, some vehicles are just better made than others. Those vehicles will cost less over time to repair. And that will save you money over the long run. On the other hand, vehicles with bad reputations in terms of repair problems will cost you more. So research the car you are considering to make sure it isn’t going to hammer you with repair bills. You’ll be glad you did.
