Each year Kelley Blue Book (KBB) determines the cars with the best resale value. This is a great list for all car buyers but even more so for buyers who’s primary concern is getting the best value for their money long term. This year’s list was lead by none other than the 2012 Jeep Wrangler.
On their website kbb.com they write, “The Jeep Wrangler’s key upgrade for the 2012 model year is a more powerful, more fuel-efficient V-6 engine.” This same engine made Ward’s 10 Best Engines List for 2012 as well.
The 2012 Jeep Wrangler is expected to have a strong resale value of 68% after three years or 36 months. Great resale values ultimately make it cheaper for you to lease because higher resale values mean less money the dealer has to recover from you when you trade it in. After 5 years the Wrangler is expected to still maintain 55% of its value.
As KBB.com reports, “If you want to keep your overall year-in-year-out transportation costs low, you will find that a vehicle that retains its value well will be your best friend. Why? Because over the first five years of new-car ownership depreciation is a car owner’s biggest expense. Depreciation — in basic terms, the amount a vehicle declines in value over time — can cost you thousands of dollars during the years you own your car. Because of that, choosing a vehicle that retains its value better than others — in other words, a vehicle with better resale value — will leave you money ahead at trade-in time.”
This is a huge win for the Jeep brand and if you don’t know why the 2012 Jeep Wrangler is getting so much praise you should head over to our website cumberlandchryslercenter.com to learn more about this great car.