published December 06, 2019
ByJames G
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Vehicles That Will Stand the Test of Time

Choosing a car isn’t an easy decision. You need to consider the brand, model, safety features – not to mention ongoing costs and how you’re going to afford it. When is the best time to buy a car? Which model is the safest? These are all questions that might pop into your mind during the shopping process. One thing to consider is the residual value of a vehicle, especially if you’re not planning to sell it for a few years. Having a car with a higher resale value and lower average depreciation rate indicates higher quality, efficiency, and reliability. 

Depreciation: The monetary value of an asset decreases over time due to use, wear and tear or simply becoming outdated.

We did some research for you (you can thank us later) and narrowed down 5 vehicles that are likely to retain their value down the track.  

 

Honda CRV 

Depreciation: 

On average 21%^ after 3 years (therefore retaining approx. 79% of its original value)

Price range*: 

$28,290 to $44,290

Key features:

• Roomy medium-sized SUV

• Popular as an affordable, yet practical family car

• Strong turbocharged engine for a comfortable ride with good handling



Toyota Corolla

Depreciation:

On average 26%^ after 3 years (therefore retaining approx. 74% of its original value)

Price range*:

$21,240 to $34,085

Key features:

• Small-sized Hatchback

• Known for its reliability and longevity at an affordable price as one of the best selling cars in Australia 

• Excellent safety rating with a range of standard safety features.



Porsche Cayenne

Depreciation:

On average 26%^ after 3 years (therefore retaining approx. 74% of its original value) 

Price range*:

$115,900 to $241,600

Key features:

• Roomy large-sized SUV

• Powerful engine options with the new E-hybrid model

• As a luxury SUV, the Cayenne is carefully crafted and spacious cabin layout for a luxurious experience.



Subaru Forester

Depreciation:

On average 33%^ after 3 years (therefore retaining approx. 67% of its original value) 

Price range*:

$34,640 to $42,990

Key features:

• Ideal car for young drivers build with multiple safety features

• Plenty of in-cabin and cargo space to fit the whole family

• Suitable for all-terrain as an AWD with plenty of clearance

 

Range Rover Evoque

Depreciation:

On average 38%^ after 3 years (therefore retaining approx. 62% of its original value)

Price range*:

$56,100 to $94,290

Key features: 

• Medium-sized SUV

• Cleverly packaged luxury interior with attention to detail featuring ergonomic seats and customisation options

• Superior driving experience with a powerful engine that is remarkably quiet.

 

With a strong credit score, it puts you in the driver's seat for borrowing power when applying for a car loan. Check your credit scores below to see where you stand.

^ Rates all calculated using The Money Calculator

* Price ranges from CarsGuide

DISCLAIMER: This article contains general information only, and is not general advice or personal advice. Wisr Services Pty Ltd does not recommend any product or service discussed in this article. You must get your own financial, taxation, or legal advice, and understand any risks before considering whether a product or service discussed in this article may be appropriate for you. We have taken reasonable efforts to ensure that the information is accurate at the time of publishing, but the information is subject to change. We may not update the article to reflect any change.
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