Professional Community for Car Dealers, Automotive Marketers and Sales Managers
SalvageBid, LLC. has not received a gift from an ADM Member
Buying your first car can be exciting and you need to keep a few things in mind before you buy your new set of wheels. It’s important that you look into the car’s fuel efficiency, hidden costs, insurance and resale value. Look for a car with a high resale value that you can easily sell at any online car auction or used car dealership. Here are the top three economy subcompact cars with the highest resale values in 2016.
Must Read:- Kia Forte: A Compact Car that Delivers Value
Honda Fit leads the subcompact car segment, with an average resale value of 53.3 percent after three years and 37.0 percent of the car’s original price after the first five years. This car is surprisingly well endowed with space and ergonomics. The Honda Fit looks sharp and drives smooth. The car strengthens Honda’s reputation of building long lasting vehicles. The base model of a new Honda Fit starts at 16,500 USD and the top models are available at 22,000 USD.
With an average resale value of 43.2 percent after three years and 31.6 percent of the on road price at the time of buying, after the first five years the Toyota Yaris comes in second in this segment. The on board audio system comes with a 6.1 inch touch screen display. It boasts a bluetooth, a voice recognition, an HD radio, a USB and an iPod interface. The 2016 Yaris comes with nine air bags, stability and traction control, and therefore, safety is not a big concern. The base model of a Toyota Yaris, just out of showroom, is 15,750 USD and the top model can be bought for 18,500 USD.
After three years the Scion iA’s average resale value is 46.0 percent , and 31.0 percent of the original buying price after the first five years the iA comes in with a close finish right behind the Yaris. If you’re cruising under 18 MPH the car will brake automatically if its laser scanner detects an upcoming imminent collision. It has a base model price of 16,000 USD and tops out at 18,000 USD with an automatic transmission and navigation mode.
Must Read:- The Best Cars for Fuel Economy and Reliability
Buying a car according that’s within budget and being able to attain that balance between mileage, power, comfortability , style and a high resale value can be a daunting task. You don’t necessarily have to buy a new car. Look for salvage cars if you cannot afford a new one, but be sure to stick to reputable dealerships when buying a used car. Even better, buy from an online car auction that not only offers you a great deal, but also allows you to choose from a wide range of used cars.
Imagine browsing through a online car auction site and suddenly your eyes land on a couple of cars in mint condition. But then you see the word ‘salvage.’ You may be wondering what a salvage title on these salvage cars for sale is all about, in case you don’t already know it. An insurance company awards this title to a vehicle when the vehicle sustains damage following an accident or natural disaster, and cost to repair the damage exceeds the actual value of the vehicle. In such a situation,…Continue
Many people are fond of classic cars and often bag great deals buying them at auction. However, not all classic cars available at auction are perfect for your budget or worth buying. If you too are considering going for classic car auctions, you need a few tips to make sure you bid successfully. To give you a head start, here are five easy tips to keep in mind when you scour classic car auctions for the…Continue
Auto auctions offer an amazing way to sell or buy your favorite…
One man's trash is another man's treasure.
These days, car dealers are paying not less than $30,000 per annum to a skilled salesperson to handle clients in a one-on-one sale of used cars. Each year, millions of such cars are sold but only after lengthy negotiations with clients. Not a happy situation for car dealers around the world.
Is there an easier, faster and better way to such transactions? Online auctions seem to offer…Continue