Sell these 5 cars with high resale value
Cars depreciate over time but they don’t depreciate at equal rates. If you are someone who is buying a car for the first time or getting a stepping stone to the car of your dreams, you can get a car that depreciates a little slower. Slower depreciation means you’ll get better value when the time comes to say goodbye. Which cars are these? Here are the top 5 cars with high resale value!
Perodua Myvi
Known as the King of the Road and formerly the best-selling car in Malaysia, the Perodua Myvi sees high demand among young urbanites because of the many features that make it a good first car. Most importantly, it is highly affordable, starting at RM350 a month at Carro! Newly working adults can save on fuel costs when they get a Myvi that sips fuel at 4.5l/100km. On top of that, the hatchback’s compact size makes it easier for new drivers to navigate the city and find parking much more easily than larger cars.
The above reasons make the Myvi highly sought after in the new and used car market. This has a positive impact on its resale value, keeping up to 80% even after 5 years. For example, if you bought a Perodua Myvi 1.5 AV in 2019 for RM55,300, you can expect to sell it at RM44,000 or more!
Got a Perodua Myvi you’re looking to sell? Book a free inspection with Carro!
Perodua Bezza
The current best-selling car in Malaysia after dethroning the Myvi, the affordable Perodua Bezza sees high demand for two reasons. Firstly, Grab drivers like the Perodua Bezza primarily because of the massive 508-litre boot space. With such a large boot, trips to and from KLIA with lots of luggage become a breeze. This same boot makes it useful for first-time car owners when buying groceries or moving to a new place. Secondly, it has a similar fuel consumption as the Myvi, consuming only 4.5l/100km, which is incredibly fuel efficient.
Is it any wonder why this car has such high demand? This demand also affects the second-hand car market. Say you bought a Bezza 1.3 Premium X in 2019 for RM41,890. Today you can sell it for RM38,000. That’s nearly 90% of the value!
If you’re looking to sell or trade-in your Perodua Bezza, book a free inspection with Carro and get the best price in 24 hours!
Toyota Vios
One of the most popular cars for the salaryman, the Toyota Vios is a great first upgrade for the salaryman. On top of being stylish, it boasts a quiet cabin that makes drives comfortable especially in rainy Malaysia. If you get yourself a Vios, you can say goodbye to hearing the pitter-patter of rain on your car’s roof! On top of that, the Vios is also relatively fuel-saving, consuming about 5.2 litres for every 100km travelled.
Now if you’re wondering how this affects its resale value, we can compare a 2019 new Toyota Vios G 1.5l and its current resale value in 2024. A brand new costs Toyota Vios G 1.5l about RM87,300 in 2019, which would go for RM70,000 in 2024 or roughly 80% of the original value!
Upgrading to a new car? Sell your Toyota Vios to Carro and get the best value for your car! Book a free inspection today!
Honda City
A favourite for many drivers given its affordability, sporty look and powerful engine, the Honda City can be found on streets all across the country. It boasts superb acceleration and responsive steering, perfect for drivers who value performance and control when they drive. It also excels in the comfort department, with a spacious cabin and a well-tuned suspension system, meaning you can expect smooth and comfortable drives.
On top of that, the Honda City is a poster child for meticulous Japanese engineering, as the car is so reliable that many older examples still roam our roads in good working condition.
For these reasons, the Honda City is always in high demand. Take a Honda City 1.5E bought in 2019 for RM81,664. If kept in good condition, it would go for RM65,800 or 80% of its original value in 2024!
Is it time to say goodbye to your Honda City?
Honda Civic
The big brother of the Honda City, the Honda Civic is perfect for veteran white-collar workers with growing families. The Honda Civic’s voluminous cabin ensures the driver and passengers, child or adult, have enough room to sit comfortably. It also comes with a 410-litre boot, perfect for putting any childcare items you need while leaving ample room for groceries or luggage when travelling.
Like all the other cars on this list, the Honda Civic is no fuel guzzler, consuming a low 4 litres every 100km at its best and a decent 6.3 litres per 100km at its highest. Is it any wonder why this car is in such high demand?
So if you got yourself a Honda Civic 1.5 TC in 2019, it would have set you back RM129,600. If you were to sell that same car today, its resale value is RM91,800, or 70% of the original value!
Trying to sell your Honda Civic? Just book an inspection with Carro the get the best offer!
And that is the list of cars that retain value! Did we miss any? Let us know in the comments!
If you drive one of these cars and are looking to sell, you can check out Carro! All you need to do is book a free inspection to get the best value for your car!
