We have based the best vehicles to buy on their resale value. Because I mean ultimately, we want to get something in return when we are done with the car.
We all know that a car is NOT an investment (with the odd exception), even though I think we all justify it as an “investment” when we are at the dealer.
Let’s just say we are investing in our way of life when we buy a car where we can’t 100% justify the cost.
Our Data is Valid:
The vehicle evaluation group True Price has provided us with the data on the cars you are about to look at with the best resale value in South Africa. How did they come up with the data? They have taken results and analyzed them from vehicles sold on auctions around South Africa.
“To determine which passenger cars have the best resale value, we analyzed all our data and came up with a list of the top 10 cars,” said Darryl Jacobson, MD of True Price.
Be Careful, Don’t Always Listen to the Dealer:
A car is one of the biggest purchases one makes especially because of their excessive price in South Africa. This means we really have to be careful about which car we buy, the brand, the year of the car. The dealer will always tell you that the car has a good resale value to make the sale and that’s why it’s critical that you do your own research.
Some cars, unfortunately, are just bad “investments” for a number of reasons. They may be nice looking cars and who doesn’t like a good-looking car but let’s make smarter decisions for our future.
Renault Kwid – from R132,500
Toyota Etios – from R179,500
Volkswagen Polo (includes Sedan) – from R216,300
Kia Picanto – from R150,995
Kia Rio – from R233,995
Mercedes-Benz A-Class – from R500,012
Volkswagen Golf – from R320,800
Datsun Go – from R149,600
Volkswagen Up – from R175,600
Mercedes-Benz C Class – from R612,669
All the cars on this list were registered from 2015 to 2018 with up to 100k km on the clock. The report that True Price has done, shows that the car with the worst resale value is the Tata Indica. True Price mentions this is due to extremely high customer complaints about the performance. wear and tear of the car and unreliable parts not being available.
The Jeep Grand Cherokee and the Chevrolet Cruze came in 2nd and 3rd worst in terms of resale.
“This one is easy to explain. When General Motors pulled out of South Africa, resale values of the vehicles it sold were obviously impacted.
“Parts and service are, however, still available – so this is a sensational buy,” said Darryl Jacobson, MD of True Price.
1. Tata Indica;
2. Jeep Grand Cherokee;
3. Chevrolet Cruze;
4. Ford Kuga;
5. GWM Steed;
6. Kia Cerato;
7. Chevrolet Aveo;
8. Hyundai ix35;
9. Nissan Navara;
10. Nissan Micra.