CNN Money chose the Ford Taurus as one of 18 picks to hold its resale value.
Sticker price: $25,170 – $37,770Projected 5-year retained value: 32.3%
Depreciation is the single biggest cost of owning a vehicle, as it measures a car’s loss in value during the time you own it. In reality, it is what the car ultimately costs you. That’s why it’s important to have some idea of how well a car holds its value before you buy.
In making their predictions, value experts at Kelley Blue Book take into account a long list of factors. Among them: the past history of a given model or brand, how good the car is compared to its competitors, and how many competitors there are. Read the rest of this entry »