If youβre on the market for a new ride you’ve probably already realized by now that there are a lot of decisions to be made and factors to take into consideration. One of the most important factors to think about that often gets overlooked is resale value (or residual value). Buying a new ride is a huge investment and youβre going to want to make sure youβre going to get as much of that investment back when youβre done with it. This is why our new Toyota in N Charlotte are such great options! Theyβre known for the amazing residual value they have to offer.
Learn more about the resale value of your new Toyota in N Charlotte
What exactly is resale value and why is it important to think about? Itβs the amount of money your car is worth once you decide to sell it. You can either keep this money or use it as a down payment on your next new Toyota.Β
Some vehicles have terrible resale value, which means the amount of money theyβre worth depreciates quickly and you wonβt be getting much bang for your buck. Others, like our new Toyota in N Charlotte hold their residual value extremely well, which means you can expect to get most of your money back β even after you’ve own it for years! In fact, many of our new Toyota in N Charlotte have been named in KBB.com’s 2014 Best Resale Value Awards, including:
- Toyota Sequoia
- Toyota Sienna
- Toyota 4Runner
- Toyota FJ Cruiser
- Toyota Tundra
- Toyota Yaris
- Toyota Tacoma
- Toyota Avalon
- Toyota RAV4
What affects the residual value of your new Toyota near Charlotte?
Why do some vehicles have better resale value than others? The answerβs simple β quality! The better reliability, reputation and features the vehicle has, the more drivers are willing to pay for it.Β
- With all of the money drivers spend to buy a new ride, they want it to last for years to come! Used cars are no exception, which is why the more reliable a vehicle is the more people are willing to pay for it. Our N Charlotte Toyota are known for their longevity, as 80 percent of new Toyota sold within the last 20 years are still on the road today!
- Like we said, some vehicles have a better reputation for their resale value β mostly depending on the brand. If the brand is known for great quality and reliability, like Toyota, its cars are going to offer a better residual value. Donβt buy a new vehicle from a brand thatβs known for losing most of their value as soon as you drive it off the lot!
- The comfort and convenience offered by the features in your new Toyota matter when it comes to resale value. Many drivers want features like air conditioning, power windows and locks and a moonroof! Vehicles are also typically worth more when they feature an automatic transmission instead of manual.
Learn more about the residual value of our N Charlotte Toyota by stopping by 13429 Statesville Rd. or calling (888) 883-3797. Weβre more than happy to help!
