Buying a car is one of the most important choices you can make in your life. Not only do you need to figure out what your budget is, but you also need to consider what you’re car might be worth in a few years if you decide to sell it. If you think this is where your life with your vehicle is heading, we have some good news.
We’ve done the research to let you know if that Honda you’ve been eyeing will be worth more or less in one year then the Toyota that’s also in your price range. Which car are you going to avoid buying?
The Mini Cooper Comes With Big Losses
If a Mini Cooper is the car of your dreams, we recommend buying one from the secondary market. You might be able to customize the car however you want brand new, but the value will fall by nearly 30 percent in the first few years.
If there is any silver lining to this Mini-nightmare it’s that the car isn’t expensive to begin with. A 2015 bare bones Mini Cooper cost consumers $20,000 new. Losing 30 percent of that cost still gives the car a $13,000 to $15,000 resale value.