When we go looking for a new car, we often want it to be just perfect. This would include having enough power, being reliable, being safe, and of course, being the right color.
Although most of us give the color at least a passing thought when it comes to choosing a car, the New York Times brings out that the car’s color may have more to do with the resale value than most of us ever thought.
Car resale values were carefully watched for three years to determine what impacted the resale. iSeeCars.com was in on this initial research. It seems that some colors would depreciate less, as much as 27%. Those colors included yellow, orange, and beige.
On the other hand, white, blue, silver, and black depreciated about 38%. If you really didn’t care about the resale value, then you could choose a brown, purple, or gold car because they tend to lose 46% to deprecitaiton.
You might be wondering why the color would have such an impact on the resale value of an automobile. In many cases, it has to do with trending colors that may be unpopular in upcoming years. They also thought that it may have to do with popularity in the regional area so if you move out of the area, you might have a hard time selling your car.
It was also thought that it may be a combination between the model and the color of the vehicle that made a difference.
Any vehicle is going to have an average depreciation of 29.8%. Considering that you might lose up to 46% if you have a beige SUV, there is obviously something else going on behind the scene.
Although you can use this information to get a better resale value on your car, it’s also a good idea to consider your own personal likes and dislikes. Some colors just tend to perform better and they may be more practical, especially when it comes to keeping them clean.SKM: below-content placeholder