The Key to Saving Thousands of Dollars on Your Next Vehicle: How to Discover Which 2014 Vehicle Make and Model is Least Likely to Depreciate in Value

As Jeremy Cato from the Globe and Mail affirms, the best deal on a car happens when you buy the one that is going to depreciate the least. Hands down, depreciation is the most expensive part of vehicle ownership and while it may be the last thing on your mind when you are looking at that sparkling finish on your brand new lease, the value of your car at the end of your lease or at the point when you’d like to trade it in is going to be the biggest cost: possibly much more than insurance, gas or repairs.

The good news is that there is now more information available to the consumer than ever before when it comes to depreciation values. Just like with us, not all cars age alike and what may seem like a great deal when it’s fresh on the lot may turn out to be a withered prune--depreciation wise--at the end of its driving cycle. Rather than having depreciation suck the life out of your next purchase or lease, do a bit of research so you can be confident that your car value is going to stand the test of time. Depreciation knowledge is also helpful when you’re in the market for a used vehicle.

The Automotive Lease Guide (ALG) is a great place to start, as they have recently started compiling an annual Canadian Residual Values Award. Among the 2013 winners? The Honda Fit, the Subaru Impreza, the Toyota Tundra, and the Acura RDX, along with 18 other vehicles.

At Somerville Auto, we keep the entire picture in mind when helping you select the best vehicle, and this means helping you understand the role that depreciation plays and how you can earn the best value on your next car lease.