REDBOOK VALUATIONS

In Australian New Car Buyer, we include trade-in values for every model in our Showroom section. These are provided to us by Redbook, Australia’s leading authority on used car values. Each model we test includes three-and five-year retained values, expressed as a percentage. These are based on what the wholesale price — ie, the price that a dealer would pay for the car — would be for a car in average condition with average kilometres for its age. You’ll find Redbook’s three-and five-year retained values in the Spex box. Typically, cars with the best retained values show 55%-60% after three years, and 40-something percent after five years. The cars nobody wants are worth that after three years, and 20-something percent after five. When you’re selling your car privately, trading it in…

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Australian New Car Buyer (Digital) - 1 Issue, Issue 61

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