If you are planning to buy a new or used car, looking at how the car buying website Edmunds.com estimates what 2016 model year vehicles will have the highest projected residual values after five years can help you decide what cars to buy. When cars keep their value they tend to last a long time, have low repair costs and sell for more. Looking at estimated retained valued from previous years also is a great way to help decide what used cars to buy.
In general, Honda, Subaru nd Toyota are the brands that that keep their value. Although there are 24 models awarded, we look at the five most affordable and practical for car buyers to consider. All prices are prices we found on April 17, in Los Angeles. The prices may have changed by the time you click on the link.
The cars on the list have a proven track record and forgoing unforeseen problems such as a major recall, will continue to keep drivers happy. When we look on the road in SoCal, the car models selected by Edmunds.com are commonplace all around us.
In general, five-year-old cars seem to be good buys because they typically cost around 50% of the original for the most popular vehicles. If you are looking for fuel-efficient practical models, Honda offers three compelling models that maintain their value over time.
The Top Best Compact and Sub Compact New Cars That Will Kept Their Used Car Values: Under $30,000 and $20,000
Honda Fit is a Good Fit for Saving Fuel and Keeping Value
One of the cars we always see on Los Angeles Freeways it the 2016 Honda Fit that is predicted to maintain 53.8% of its value. With prices starting at around $17,500 with a Los Angeles zip code, Edmunds.com offers savings up to a $750 reduced price promise. This superb sub compact offers ample storage space, great fuel economy and has been called fun-to-drive. The Honda Fit has a five-star safety rating from NHTSA and has rearview camera as a standard feature.
Subaru WRX Works for EyeSight Safety
The Subaru WRX is expected to maintain 58.3% of its value in the next five years. With a base price of around $27,000, Edmunds.com is showing special offers with savings up to $1,385. What people love about Subarus is that All-Wheel drive is standard and the models have great safety ratings. The 2016 Subaru WRX has a lot of power and superb handling. Although this model has been rated by NHTSA for safety if you buy a model with EyeSight safety, you can rest assured that you will be well-equipped for collision avoidance. In fact, Consumer Report rated the WRX excellent for accident avoidance.
Honda CR-V Valueble
Also in the compact class it the Honda CR-V, a compact crossover SUV with a 54.9% value retained in five years is an excellent value for long-term car owners with a starting price around $25,000, Edmunds is showing a price promise savings of $2086 fon EX with options. The Honda CR-V offers excellent cargo space, fuel economy and is very practical. The Honda CR-V offers a rearview camera as standard with optional Forward Collision and Lane Departure Warnings. It is rated five-stars overall for safety from NHTSA.
Best Mid-Size and Big Sedans from Toyota
The Toyota Camry is estimated to maintain 48.1% of its value in five years. The Camry has always been one of many people’s favorites for longevity and value. With an MSRP from $23,070 and Edmunds price promise Discount of $3,721, the Camry features an excellent engine, comfortable space, controlled handling and convenient infotainment system, it is a good deal. It has been ranked #4 in mid-size cars and rated as one of the best values for the money. The rearview camera is standard.
For Sedan Fans
Edmunds.com found the large car that will most likle retain value to be the Toyota Avalon for three years in a row, with it keeping value at 47.2% in five years with pricing starting around $35K they are still priced close to the average price paid for a car at around $33,666, the car comes close to being in the affordable for most car buyers who want a full size car because Edmunds offers a price promise of up to $5,751 in savings. The 2016 Toyota Avalon was recently updated with a new look designed to spark people’s emotions. The Avalon has an overall 5-star safety rating from NHTSA with rearview camera standard. Forward Collison Warning and Lane Departure Warning Toyota Safety Sense is available.
If you are looking to buy or sell a used 2016 Toyota in a few years you’ll see a 53.8 average percent residual value after five years. Acura luxury cars have a projected residual value of 47.6 percent, therefore, if you are planning to buy an Acura vehicle in five years, you’ll pay more, but the car will most likely retain its value
The aforementioned are great choices if you plan on buying a new car this year. Retained valued awards for previous years can alert you to good values for used cars.
When we looked for used cars with good safety and Forward Collison Warning for under $20,000 we found that Edmunds.com had some 2013/2014 Honda Accord, 2013/2014 Subaru Legacy (with Automatic Emergency Braking (AEB), 2014 Ford Fusion, 2014 Chevy Volt and 2012/2013 Volvo XC60 (AEB) models had front collision prevention. Collison prevention is proven to reduce insurance claims, by the Highway Loss Data Institute analysis.
- Best Retained Value Compact Car–2015 Subaru WRX’s price seems to be holding near purchase value from dealers costing almost as much a new model.
- Best Retained Value Compact SUV-Honda CR-V – the lowest price we saw was $20K which shows a sight discount but still a good value.
- Mid-Size Car– Subaru Legacy we found this was one of the few used models with EyeSight Safety that make the model very safe. There are not many around for sale in Los Angeles and prices are close to $30K. There is larger price drop for 2014 models.
- Sub-Compact Car – Honda Fit, one year models are maintaining their price close the original price.
- Large Car – Toyota Avalon used models ca be found for a little as $23K with a special offer of warranty and road side assistance at Edmunds.com
If you own or are looking for a 2014 model that keeps a good value check out:
Compact Car – 2014 Honda Civic.
Mid Size Car – 2014 Nissan Altima.
Large Sedan –2013 Toyota Avalon.
Compact Wagon – 2014 Scion XB.
Compact SUV – 2014 Jeep Wrangler.
2013 Car Model Retained Value Cars:
Coupe Under $25K – 2013 Honda Civic.
Sedan $30-40K – 2013 Dodge Charger.
Hybrid- 2013 Toyota Prius.
Sedan under $20k- 2013 Ford Focus.
Sedan $20K-$30K – 2013 Honda Civic.
On the complete opposite end of the spectrum is car that has lost as much as 60-75% of its original value selling for as little as 25-35% of it original price the 2013 Nissan LEAF with a good safety rating and extremely low cost of electricity at about 5-cents a mile, we consider it one the great deals of last and this year. If shop around you can get a great deal
2012 Car Models that keep their value:
Hybrid – 2012 Honda Civic.
Sedan $20K-$30K- 2012 Subaru Impreza.
SUV $25K-$35K – 2012 Honda CR-V.
Coupe Under $25,000 – 2012 MINI Cooper.
I was looking to buy a 2017 Or 2018 Impreza. But I am told that they have a very bad rating this year is that so?
What kind of rating? Safety rating? Reviews?
what about pickups?
This article is only about car, trucks are a whole other article.