Filed under: Car Buying

It's the oldest criticism of buying new versus used - drive that fresh-from-the-factory 2007 model off the dealer lot and instantly chuck 5 - 10% of your investment right out the window. The minute its front wheels touch Main Street USA your brand new car becomes used. This is why resale value is so important as most vehicles only retain about 35% of their value after five years according to Kelley Blue Book.

KBB has just announced the winners of its 2007 Best Resale Value Awards which should help shoppers make a more informed decision when looking for a car that will hold its value. Keep in mind however that these awards are given to 2007 models the value of which over time is just being projected by KBB so there are no guarantees.

Follow the jump to learn which models age with the most grace and remain highly valued.

[Source: KBB.com]

Continue reading KBB announces 2007 Best Resale Value Awards

 

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