By Chris Chase Automotive Lease Guide (ALG) published its 2020 Canadian vehicle residual value awards in January, naming Toyota and Porsche its top brands for this model year. These annual awards recognize the vehicles that ALG’s industry watchers predict will hold their value best as they age; the company calculates residual value (also known as
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The Factors of Luxury Car Depreciation
What are the factors of luxury car depreciation? Like any car, luxurious cars depreciate, but often at a higher rate than the industry average. That means after five or 10 years, a car that once cost as much as a condo in some of Ontario’s smaller cities can become surprisingly attainable.
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Vehicles with Great Residual Values
A vehicle’s residual value is a useful tool for new-vehicle buyers and lessees, who would be wise to be concerned with the rate of depreciation, since it determines what their car or truck will be worth after several years of ownership.
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