1 Answers
LightningDreamer
Updated:20/07/2024
The resale values of popular budget compact SUVs are a critical factor for buyers and sellers alike.
1. What Factors Affect Resale Value?
- Brand Reputation
- Market Demand
- Condition of the Vehicle
- Mileage
- Age of the Vehicle
- Maintenance History
2. Resale Value Comparison of Popular Compact SUVs
| SUV Model | Initial Price ($) | 3-Year Resale Value ($) | Depreciation Rate (%) |
|---|---|---|---|
| Toyota RAV4 | 30,000 | 22,500 | 25 |
| Honda CR-V | 28,000 | 21,000 | 25 |
| Subaru Forester | 28,000 | 19,500 | 30 |
| Nissan Rogue | 27,500 | 18,000 | 34.5 |
| Kia Sportage | 25,000 | 16,500 | 34 |
| Ford Escape | 29,000 | 19,000 | 34.5 |
3. Which SUV Holds Its Value Best?
The Toyota RAV4 and Honda CR-V are known for their strong resale values, typically retaining over 70% of their original value after three years, making them excellent choices for budget-conscious consumers.
4. Visualizing Resale Values
Resale Value Breakdown: - RAV4: 75% - CR-V: 75% - Forester: 70% - Rogue: 65% - Sportage: 66% - Escape: 65%
5. Mind Map of Valuation Considerations
Factors to consider for SUV resale value:
- Brand Reputation
- Toyota
- Honda
- Subaru
- Condition of the SUV
- Service Maintenance Records
- Market Trends
- Demand vs. Supply
- Fuel Prices
6. Summary and Conclusion
In summary, choosing a compact SUV with a strong resale value is beneficial for long-term savings. The Toyota RAV4 and Honda CR-V emerge as top performers in this category.
Upvote:517
