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buying 5 Colors That Help Your Car’s Resale Value — and 8 That Hurt

20:21  08 december  2017
20:21  08 december  2017 Source:   moneytalksnews.com

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5 car colors that help resale value . Yellow is one of five colors associated with below-average depreciation in the first three years of ownership 8 car colors that hurt resale value .

8 car colors that hurt resale value . Gold is one of eight colors associated with above-average depreciation in the first three years of ownership When it comes to these car colors, it matters if your car is new or used. #finances # cars . 5 Colors That Help Your Car ’ s Resale Value — and 8

Driving© Lisa S. / Shutterstock.com Driving Here’s one more factor to consider before buying a car: whether its color boosts or dings its resale value.

The color of a car can impact how well it retains its value — and thus the car’s resale value — according to a new iSeeCars.com analysis.

Research

Research

The website crunched the numbers on some 2.1 million used car sales, looking at model year 2014 vehicles of all colors that sold between September 2016 and August of this year.

On average, those cars depreciated 33.1 percent in the first three years of ownership. But when iSeeCars.com broke them out by color, depreciation over the same time period ranged from as little as 27 percent for yellow vehicles to as much as 37.1 percent for gold vehicles.

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Here’s one more factor to consider before buying a car : whether its color boosts or dings its resale value . The color of a car can impact how well it retains its value — and thus the car ’ s resale value

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5 car colors that help resale value

Yellow is one of five colors associated with below-average depreciation in the first three years of ownership:

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5 Colors That Help Your Car ’ s Resale Value — and 8 That Hurt . The color of your car can have a big impact on how much money you can sell it for later. Consider these colors carefully.

  • Yellow: 27 percent depreciation
  • Orange: 30.6 percent
  • Green: 30.9 percent
  • White: 32.6 percent
  • Red: 32.7 percent

Yellow as well as orange and green are uncommon car colors — collectively comprising only 1.2 percent of all three-year-old cars. Phong Ly, CEO of iSeeCars.com, notes this could contribute to demand and thus help cars of these three colors maintain their value.

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Even popular body styles have below-average depreciation rates among yellow vehicles. For example, in the first three years of ownership:

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Unusual Car Colors Are Cheaper Upfront, Have Higher Resale Value . Yellow cars depreciate in value the least The Five Worst Car Investments. Purchasing these things can actually hurt your car ' s value and performance. Pent up demand in foreign markets may help lower your lease payments.

  • Yellow SUVs depreciate by an average of only 25.8 percent — compared with 30.9 percent for all SUVs.
  • Yellow pickup trucks depreciate by an average of only 10.8 percent — compared with 20.9 percent for all pickup trucks.

8 car colors that hurt resale value

Gold is one of eight colors associated with above-average depreciation in the first three years of ownership:

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The aftermarket parts are painted to match the car ' s original color , but it's almost always obvious that they aren't original equipment. Making this change can hurt a car ' s resale value , though, since the average driver likes a nice, quiet ride for the commute. Help . Sitemap.

3. Avoid Collisions – Of course, it’s always a good idea to drive safely and try to avoid getting into car accidents, but keeping your driving record squeaky clean can also help preserve your car ’ s resale value .

  • Gold: 37.1 percent depreciation
  • Purple: 36.7 percent
  • Beige: 36.6 percent
  • Silver: 34 percent
  • Black: 33.6 percent
  • Gray: 33.5 percent
  • Brown: 33.5 percent
  • Blue: 33.5 percent

What these numbers mean for you

Before weighing how the color of your next car will impact its resale value, account for whether you’re buying new or used. Not that we advocate buying brand-new vehicles — there’s a reason we list cars as No. 1 in “10 Things You Really Shouldn’t Buy New.”

As far as color is concerned, though, Ly explains:

“Consumers considering purchasing a new car may want to look for something in yellow, orange, or green, because they’ll get more value if they sell their car after a few years. However, consumers looking for a used car may want to consider something in gold, purple, or beige, because those cars will have already taken a larger proportion of the depreciation hit.”

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Cars in these colors are easier to sell at higher prices than cars with more exciting colors . But air conditioning systems fail, and when they do, they can take a huge bite out of the resale value of your vehicle.

“The more unusual colors , such as orange, yellow, and green, are not as readily available (making up only 1. 5 percent of all vehicles), yet they are popular with enough car buyers to create a demand that directly affects their resale value .”

If you’re in the market for a new car, whether used or brand-new, be sure to first check out:

  • 11 Essential Tips for Buying the Right Car at the Right Price
  • It’s a Great Time to Buy a Used Car — Just Take These 5 Steps First
  • 6 Secrets Car Dealers Hope You Don’t Know

What do you make of the potential impact of your car’s color on its resale value based on this analysis? Sound off on our Facebook page.

2019 Ford Ranger photographed in the wild — and its colors are revealed .
These people look like they're having a lot of fun.Also, just know that if you click on the "More Details" links on the Ranger site, well, there aren't any. But keep clicking. Or sign up for updates in an email push. Or hey, keep reading Autoblog.

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