Tag: Toyota resale value
Resale value is a figure that matters to millions of car buyers around the country. The resale value is how much a used vehicle is worth years after it’s purchased originally. Many people sell off used vehicles and switch to new ones in a cycle pattern. When doing this, it makes sense to invest in vehicles that are known for having a high resale value. If you do this, you’ll save money on automotive ownership and benefit from these savings over time. Certain brands are well-known for offering good resale values, and others are not. Toyota is one of the brands that’s known for holding value over time, and it’s easy to see why when you take a look at studies like the one conducted by KBB annually. The 2017 study awarded Toyota with the best resale value brand title, a very prestigious one indeed.
Toyota Offers the Best Brand Value
If you’re looking to get as much as possible back from a vehicle that you buy, Toyota is a really the way to go. Toyota has a history of offering excellent resale value figures years after an initial purchase. The automaker continues with that tradition in 2017 by winning the Brand Resale Value award once again. If you’re looking for a good general vehicle that’s going to sell for a high amount later on, you would have a tough time finding another brand better than Toyota to go with.
How Winners are Chosen
Kelley Blue Book is all about the numbers. The whole service offered by the company is based on car values, and those values are determined by a team of analysts at Kelley Blue Book. In order to determine the best brand to go with, Kelley Blue Book relies on predictions made by the analysts that take into account a bunch of different data points in order to determine which brand is the best investment overall. Toyota came out on top this year, just like the automaker did back in 2014. With several wins on its side it is easy to see how Toyota can be a good solid investment.
This data doesn’t mean that every auto buyer should pick up a Toyota vheicle, but it does mean that Toyota vehicles are generally a good solid investment. There are not too many other vehicles that will hold their value as well as a Toyota will, so if you want to get as much as possible out of your investment, consider buying a Toyota vehicle.
Each year BrandZ does a global company review to determine what the estimated value of different companies is around the world. Toyota remained on top as the most valuable of all the automakers in the world. This is good for the automaker in a number of ways, and it also means that you can feel secure when buying a Toyota vehicle.
More Money for Research and Development
Toyota, the most valuable automotive brand in the world, has plenty of money to complete research and to develop new products and technologies. That’s why the automaker was able to begin selling the Mirai to the general public and to help build out that hydrogen fuel infrastructure. The automaker can afford to lose millions of dollars on the new vehicle initially in hopes that it will take off and become a major technology in the future. That’s exactly what the company did with the Prius more than a decade ago, and signs are good that the same is happening with the Mirai as well, even though the vehicle is getting off to a somewhat slow start.
Improved research and development funding also helps lead to advanced features such as automated driving, and enhanced media systems. Toyota is in an excellent position to develop some of the latest and most helpful technologies for vehicle owners, and being ahead of other automakers in finances is largely why the company can afford
Excellent Resale Value
Holding the highest value of any car brand means that Toyota vehicles will hold their value for longer than most other car makes will. When you are ready to sell off your Toyota Corolla, Highlander, Camry or any other model that you happen to own, you can expect to get more money for the vehicle than you would if it was another brand. That’s a major benefit of buying into a Toyota vehicle, especially if you plan on reselling it a few years after making the purchase.
Toyota is known for its reliability and the automaker relies on a team of some of the most skilled engineers in the world to keep its vehicles running properly and to make them even more reliable over time. All the money that Toyota has available makes it much easier to keep vehicles reliable and to ensure that future vehicles become even more dependable.
Toyota is the most valuable automotive brand because of hard work and excellent decision making skills, but all the money that the automaker has obtained over the years only helps it stay out ahead of the competition through excellent innovation, and bringing brand new technologies to the mainstream. Sure Toyota wasn’t the first automaker to come up with a hybrid vehicle, or a vehicle that runs on hydrogen fuel, but it was the first automaker to bring those vehicles to the masses, and that’s something that Toyota will likely continue doing for years to come.
Everyone knows that Toyota vehicles are known for high resale values, but not taking the time to care for your vehicle will really hurt your ability to get the most value out of that vehicle. Make sure that you spend the time to really care for these vehicles. You’ll keep them running and looking great for much longer, and you’ll be amazed at how much value a vehicle that is even ten years old still has in it when it comes time to resell it.
Wash it Frequently
It’s important to keep your Toyota nice and clean, but it becomes even more important when you live in a damp, cold and snowy climate where salt and slush will frequently come in contact with the vehicle. That mixture will quickly eat away at the body of the vehicle and make it rust out well before it should. One of the easiest ways to lose resale value in a vehicle is to allow it to rust out. Bring it to wash it a few times a month and you’ll keep it looking nice and clean for much longer into your ownership.
Change that Oil
Keeping the oil changed each time the manufacturer interval comes up will help ensure that the engine doesn’t evolve any major problems down the road. It will keep things running smoothly and will certainly help resale value as long as the changes are well documented. Simply keep a pack of receipts for each oil change as well as write down the mileage that it occurred on. Keep all of this information in a box or envelope so that you can bring it out when it comes time to sell the vehicle. This will make getting more for your vehicle easier, and will pay off in the end.
Store it Out of the Elements
This one is a tip that many people simply aren’t following. The worst thing you can do for your vehicle is keep it out in the driveway throughout the year. It’s much better to stick it under a carport, or at least slip a cover over top of it when it isn’t going to be operated. The more the vehicle is stored out of the elements, the better it is going to look as it ages. That will really help your resale value, and it isn’t that hard to keep it covered up when it isn’t being used.
If you’re going to invest money into a Toyota because you know it has a good resale value, it makes sense to do what you can to preserve that value. Follow the above guidelines and you’ll keep the vehicle running and looking better than you otherwise would. That’s the best way to maximizing your value and getting the most from your purchase when it comes time to sell it off again.
Kelly Blue Book’s kbb.com Best Resale Value Awards recognizes current and forthcoming vehicles for their projected resale value throughout the first five years of ownership. And for 2013, Toyota topped its competition and was named the top brand, and it has received this top honor in three of the last four years.
The awards are based on projections from the Kelly Blue Book Official Residual Value Guide, which are determined by a skilled staff of automotive analysts. The projections are based on current vehicle data, sales data, market conditions for each vehicle, competition within vehicle segments, expectations of the future economy and the combined experience of Kelly Blue Book’s residual analysts. The awards honour vehicles expected to maintain the greatest proportion of their original list price after five years of ownership.
The Toyota Tacoma compact pickup truck and FJ Cruiser mid-size sport utility (SUV) were named Best Resale Value award winners in their respective vehicle categories and were also among the top 10 vehicles for Best Resale Value. In achieving the award for the top brand, Toyota earned six Best Resale Value Awards for specific 2013 model year vehicle categories. In addition, four Toyota models (FJ Cruiser, Land Cruiser, Tacoma and 4Runner) earned spots on KBB.com’s 2013 Best Resale Value: Top 10 Cars list.
“We are thrilled that KBB.com has selected Toyota for its Best Resale Value Brand award, and we appreciate Kelley Blue Book’s efforts to help increase consumer awareness as to the importance of resale value when purchasing a car“, said Bill Fay, Group Vice President and General Manager of Toyota division.
So come in and test drive one of these award winners and experience these vehicles for yourself.