Does The Color Of Your Car Affect Its Resale Value?

"A rose by any other name would smell as sweet" - William Shakespeare

If you think about it, the color of the rose doesn't make any difference either. But have you ever wondered if the color of a car affects its trade in value?

How People Pick The Color Of Their Car

People pick the color of their car for many reasons. It may be a reflection of their personality or the desire to make a statement about their status, and even wealth.

Colors are often chosen based on comfort, practicality and aesthetics. Some of the most popular car colors are white, black, silver, gray and red.

One of the reasons people may choose white is because it looks clean and sleek. It also has a modern look to it. Plus, white can go with any type of interior.

Black is popular because it is thought to be classic and sophisticated. It also won't show dirt as easily as other colors.

Silver and gray are both neutral colors that go with just about anything. They are good choices for those who want a sleek, modern look.

Red is thought to signify power and strength. It is also seen as a more exciting color than some of the other options.

Trending Colors

Some people choose the color of their car based on what is popular at the time. Others may want to be different and choose an unpopular color. There are also those who believe that certain colors are luckier than others.

iSeeCars recently released an article detailing Which Colors Help and Hurt a Car's Resale Value. They reported:

Highlights:

• A vehicle’s color can have a substantial impact on how quickly it loses value, with the highest depreciating color losing nearly four times the value compared to the lowest

• Popular colors, including white, black, and silver, have minimal impact, meaning they won’t hurt resale value but they also won’t help a vehicle maintain its value

• Some of the most beneficial colors for retaining value, including yellow and orange, may surprise consumers

A car’s color can help or hurt its resale value, according to a recent analysis by iSeeCars.com. After comparing prices of more than 650,000 recently sold three-year-old used cars, iSeeCars determined the average three-year vehicle depreciation rate by car color.

“A vehicle’s color is among the primary considerations after shoppers have decided on a make and model,” said iSeeCars Executive Analyst Karl Brauer. “With depreciation being the largest cost of vehicle ownership, consumers should carefully consider their color choice–especially if they plan on selling their vehicle.”

Be sure to read the entire article here

Should We All Just Buy Yellow Cars?

While the numbers speak for themselves, there are other factors you should consider before jumping on the Yellow car bandwagon. Do you really want to drive a yellow car ? If the answer is no, then it doesn't matter how well it holds its value.

The same goes for any other color. If you love the color purple and it just so happens to have a good resale value, then go for it!

Looking for a new car?

You'll love our selection of quality used cars - they're reliable and affordable. And we're here to help you every step of the way. You won't find a better selection or price anywhere else.

We can even find that Yellow car you've always wanted.

Contact us today to learn more!

The Benefits of Buying a Used Car vs Leasing

Buying a used car can be an attractive option for many consumers, as it allows them to save money and still get the vehicle they need. On the other hand, leasing has its own advantages and can be just as attractive for some. Let’s  take a look at both options in more detail to help you decide which one is best for your situation.

The Advantages of Buying Used

One of the major benefits of buying used cars is the price tag. Used cars tend to be significantly cheaper than buying new, allowing for more affordable upfront costs with lower monthly payments. This can give buyers a much wider range of vehicles that may fit their budget better. Used cars are also usually less expensive to insure due to their lower value compared to newer models. Lower insurance premiums can mean substantial savings over time, depending on the type and age of your car. 

A wide variety of choices is also available when shopping for a used car; many dealerships carry newer cars that have only recently been taken off lease. These cars are typically returned in excellent condition but come with large discounts due to the fact that they were previously leased instead of bought outright. In addition, certain vehicles depreciate more slowly than others; meaning if you choose wisely, you could avoid significant losses when it comes time to resell your car further down the line.

The Advantages of Leasing

Leasing is another way to acquire a vehicle without breaking the bank on upfront costs or breaking into your savings account every month for years on end; since lease rates tend to run lower than loan rates, it's usually possible to pay less each month even if your credit score isn’t perfect (though this does vary depending on several factors).

Leasing also allows for greater flexibility in terms of vehicle selection; some luxury models cannot be fully purchased outright due to their high cost but may be available through leasing options from reputable companies that specialize in such products. This gives buyers access to cars that would otherwise be completely out of reach due to financial restrictions alone.

Leased vehicles require little upkeep and maintenance compared with used cars so long as regular service intervals are met according to the agreement—with no additional investments required beyond routine checkups during lease periods. At the conclusion of leases, customers may return their rented car or upgrade easily since ownership is not involved—allowing traders or leasers easy exits and freedom from long-term commitments if desired (or required).

 Final Thoughts

Buying a used car vs leasing depends entirely on individual needs and preferences; while some people prefer owning something outright, others may benefit more from renting and getting out quickly if needed down the road. Ultimately both options present advantages so long as consumers make wise decisions throughout the purchasing process regardless!

 If you are in the market for a new car, now is an excellent time to trade in your old one. Dealer inventory is low, as a result, dealerships are now offering better deals on trade-ins than they have in the past. 

1. Trade-ins are at an all-time high, and likely to stay that way for the foreseeable future.

2. You'll get a better deal now than you would in the past

3. It will be easier to find financing for your new car since dealerships have less inventory on their lot

You should also fix any cosmetic damage and have the car serviced so that it is in good working condition. Finally, gather all of the paperwork related to the car, including the title, registration, and maintenance records. This will make it easier for the dealer to process the trade-in.