Chart: Residual Value – Prices of Top Used Cars and Trucks

admin — Fri, 06 Nov 2009 06:15:16 +0000

The depreciation of new cars:

Retail Value of New 2010 Model		2007 Model	2003 Model
Chevy Silverado 1500 4×4 Ext.	$ 32,285	Lost 22%	Lost 56%
Toyota Camry	$ 22,650	Lost 21%	Lost 58%
Ford F-150 4×4 SuperCab	$ 31,125	Lost 31%	Lost 63%
BMW 325/8i	$ 40,900	Lost 34%	Lost 67%
Saab 9-3 Arc / 2.0T	$ 31,135	Lost 42%	Lost 69%
Ford Taurus SEL	$ 27,995	Lost 61%	Lost 81%

On average, the prices of vehicles dropped 11.7% each year for the first three years, and only 7.6% each year for the following four years. You can find the best value by buying vehicles that are three to seven years old. It is more difficult to obtain extended maintenance plans for used cars older than seven years or with more than 70,000 miles.

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Chart: Residual Value – Prices of Top Used Cars and Trucks