Smart shoppers have learned that the price you pay at the dealership is only one of the factors to consider when it comes to your long-term ownership costs. You also have to factor in such detail as insurance, fuel consumption, maintenance and residual values.
The latter is the industry’s fancy way of referring to your trade-in. There can be a huge gap between what two different models are likely to get on the used market – something a new study by CarGurus.com aimed to sort out.
It found that pickup trucks, traditionally designed with durability in mind, are best at holding their value. Chrysler’s Ram 1500 was at the top of the list, followed by the Nissan Titan. In fact, pickups accounted for six of the top 10 models on the residual value list, along with three sport-utility vehicles. At the other end of the spectrum, luxury models such as the BMW 3-Series and Mercedes-Benz E-Class were among the biggest trade-in value losers.