Kuala Lumpur: Buying a car is not an everyday task as it turns out to be a huge investment. Apart from its design, price, specifications, features, safety and brand, one must also consider its resale value. Choosing a model that would hold onto its value dearly over time is the most important decision one should consider. Depreciation of a car is considered to be a buyer's most significant long-term expense apart from fuel, maintenance and insurance. Because of this reason, new-car buyers have to look out for its resale value before buying it. This point also becomes important if you don't want to drive your car all the way to the scrap heap.
The resale value of a car is the value which the car would retain after you have used it for five years. These resale values are not a feeling, a guess or a simple calculation but are based on research and analysis. This research is based on current vehicle data, sales data, market condition for each vehicle, competition within vehicle segments and expectations of the future economy. For your convenience, we have decided to compile a list of top 5 cars that have got the highest resale value in Malaysia.
1. Honda Civic (Resale value: 69%)
Honda Civic's facelifted version came into limelight in 2014 with a refreshed look and enhanced performance. It's high resale value has made it a personal favourite among the Malaysians, especially in the second-hand market.
2. Toyota Vios (Resale value: 68%)
Toyota Vios is a subcompact sedan which was introduced by Toyota in 2002. it has got an eye-catching look which makes it apart from other cars in the segment. Being the most popular sedan in many countries, it has always achieved record-breaking sales.
3. Mini Cooper and Toyota Innova (Resale value: 67%)
Mini Cooper is a small economy car produced by the British Motor Corporation (BMC). With its sleek design and powerful performance, it manages to fit in every situation. Despite its small size, it provides excellent comfort to its passengers.
Toyota Innova is a 5-door compact MPV manufactured by Toyota since 2004. This family car has been a hit in Malaysia among many families. The main highlight of this MPV is its roomy cabin which can host seating between seven to eight passengers depending upon the seating arrangement
Firstly, talking about Toyota Camry, after being America's favourite sedan for many years, it has been one of the most popular automobiles in Malaysia as well. With an amazing styling, this car is known for its performance too.
Toyota Corolla Altis is a subcompact sedan manufactured by Toyota since 1966. living under the shadow of its sibling Camry, it turns out to be a cheaper and sportier option. Currently in its 11th generation, this car has evolved both technically and aesthetically.
Perodua Myvi is a 5-door hatchback which is a result of Perodua's collaboration with both Toyota and Daihatsu. Myvi has consistently managed to be one of the best selling cars in Malaysia for eight consecutive years between 2006 and 2013. Despite its small structure, it provides immense space to its passengers.
Mercedes-Benz C-Class is a line of compact executive cars produced by this German automaker. The C200 Avantgarde is one of the most popular variants in Malaysia. In spite of having a high price, it retains a good resale value after many years of use. Due to its impressive resale value, it has got immense popularity among second-hand car dealer