With the 2011 models making their way to showrooms, many dealers are eager to get rid of older 2010 models. This means that it’s a great time to finally get that car loan and choose a vehicle.
There are many factors that go into picking the right vehicle, but one of the big ones for those with car loans is undoubtedly resale value. At the end of a loan, a driver will own the vehicle, so its important to consider which cars will not depreciate significantly.
Cars.com recently listed some of the models with the best resale value by class according to their research. By selecting these models, drivers can set themselves up for a better financial future when it becomes time to sell the vehicle.
Hondas typically have great resale value, and that showed with the Fit and Accord taking the honors for the compact car in midsize sedan classes. The Odyssey minivan was also deemed to have the best resale value for its class.
Truck owners might want to steer themselves toward a Ford F-150, or possibly a Toyota Tacoma if they’re looking for something a bit smaller. Specialty vehicles like the Subaru Forester, Toyota Prius and Mini Cooper also posted solid resale values.