The Top 5 Luxury Car Brands Based on Resale Value
You can rank cars by a variety of standards, but if you already own a world-class vehicle, you likely feel that the most important standard is resale value. If you’re an owner who enjoys driving the best, you probably already feel the urge to buy your next model. Here are the top five luxury car brands based on their resale value. Different models have different values, though, so we haven’t ranked these brands in any particular order.
Tesla
In April, Kelley Blue Book released its picks for the Brand Image Awards , and Tesla came out on top. It’s the first time an electric car-maker has gained the top spot, as well as distinctions for its refinement, performance, and styling. Tesla’s popularity is due to its cult following of buyers who are tech-savvy and looking to reduce their carbon footprint.
Porsche
This is a brand that always makes financial sense because it typically depreciates 15 percent, then continues depreciating slowly until it finally plateaus. After five years, Porsches retain about 60 percent of their value. The high resale value goes for models such as its Panamera sedan, as well as its legendary 911. The demand for these models simply exceeds the supply.
Mercedes-Benz
If you’re a Mercedes owner and you want to sell your supercar , you’ll find that the brand’s steady critical acclaim pays off year after year. Its luxury G-Class SUV, in particular, is an iconic status symbol because of its off-roading abilities. Mercedes even has a tradition of being celebrated in song by everyone from Janis Joplin and the Eagles to Jay-Z. Therefore, it’s spot in this list of top five luxury car brands is well deserved.
BMW
Luxury German cars, as you can see, are considered the gold standard for resale value, with different models often claiming several top 10 spots. BMW’s practicality never outweighs the thrill of its impeccable handling for drivers. Posh interiors and user-friendly tech features hold a special place in owners’ hearts.
Lexus
These beauties have a reputation for low ownership costs and stellar resale value, and that can be attributed to their reliability, safety, comfort, and extreme quality. The high opinions are consistent for Lexus across all its models. Owners especially prize its insistence on using only top-notch Lexus Genuine replacement parts.
To find out if your car is one of the best luxury vehicle brands fetching top prices today, contact us for a free quote. A Nahas Motorcars expert will come to you, make an offer, and pay you, all within 20 minutes. Then, you’ll be free to find your next supercar.