Comments on: Kelley Blue Book’s Best Resale Value Cars http://www.consumerismcommentary.com/kelley-blue-books-best-resale-value-cars/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Thu, 31 May 2012 17:59:20 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Steve http://www.consumerismcommentary.com/kelley-blue-books-best-resale-value-cars/comment-page-1/#comment-200505 Steve Thu, 03 Dec 2009 18:28:13 +0000 http://www.consumerismcommentary.com/?p=7610#comment-200505 I am looking for a new car and resale value is not figuring into it. In fact it's getting in the way - I am trying to choose between a Fit and a Prius, and I would love a comparison of the TCO over the life of the vehicle, but even though comparisons exist for exactly those two vehicles, they are not applicable to me because they assume driving the vehicle 5 years and then selling it at it's 5-year-resale value. I plan to keep the vehicle until it becomes unreliable enough to be a nuisance. I've had my Ford ranger for almost 11 years now, and would expect my next vehicle to be around at least that long. When I was young and foolish, I spent $10 on a VCR feature I knew I would never use because I believed it would increase the resale value. I still have that VCR - I would be lucky to get $10 total for it now. I am looking for a new car and resale value is not figuring into it. In fact it’s getting in the way – I am trying to choose between a Fit and a Prius, and I would love a comparison of the TCO over the life of the vehicle, but even though comparisons exist for exactly those two vehicles, they are not applicable to me because they assume driving the vehicle 5 years and then selling it at it’s 5-year-resale value. I plan to keep the vehicle until it becomes unreliable enough to be a nuisance. I’ve had my Ford ranger for almost 11 years now, and would expect my next vehicle to be around at least that long.

When I was young and foolish, I spent $10 on a VCR feature I knew I would never use because I believed it would increase the resale value. I still have that VCR – I would be lucky to get $10 total for it now.

]]> By: vcmcguire http://www.consumerismcommentary.com/kelley-blue-books-best-resale-value-cars/comment-page-1/#comment-200500 vcmcguire Thu, 03 Dec 2009 14:35:33 +0000 http://www.consumerismcommentary.com/?p=7610#comment-200500 I don't really consider resale value, because I don't ever intend to sell my cars. My strategy is to buy a used car that still has a lot of life left in it, and drive it til it's barely limping along. By the time I'm done with a car, it's usually worth only a few hundred bucks, so I'm not too concerned with whether it holds its value or not. Current car: A 2003 Corolla that I bought a few months ago. I'm expecting to drive this thing for many years to come. It drives my spouse crazy, but I would always rather own a Toyota than anything else. (He has this crazy idea that you should look for the best-performing car and the best value, not go with the same brand over and over as a reflex.) I don’t really consider resale value, because I don’t ever intend to sell my cars. My strategy is to buy a used car that still has a lot of life left in it, and drive it til it’s barely limping along. By the time I’m done with a car, it’s usually worth only a few hundred bucks, so I’m not too concerned with whether it holds its value or not. Current car: A 2003 Corolla that I bought a few months ago. I’m expecting to drive this thing for many years to come.

It drives my spouse crazy, but I would always rather own a Toyota than anything else. (He has this crazy idea that you should look for the best-performing car and the best value, not go with the same brand over and over as a reflex.)

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