Debunking Car Resale Value Myths to Save Money

When you buy a car, you are making an investment. Not an investment that will grow in value—cars almost always depreciate—but an investment in transportation, safety, and freedom. When it comes time to sell or trade in, the difference between a car that commands top dollar and one that sells for scrap can be thousands of dollars. That difference is often determined by decisions you make years before you sell. Unfortunately, many drivers make those decisions based on myths—beliefs about what affects resale value that are simply wrong. Here are ten myths about car resale value that cost you money—and the truth that will put it back in your pocket.