How to slow vehicle depreciation: Toyota of Orlando tips
Do you really need to worry about
When it comes to vehicle depreciation, do you REALLY need to be worried? Take it from us -
you do. Being concerned about vehicle depreciation should be a part of your vehicle
ownership. However, you don’t have to worry about it too hard; there are actually steps you
can take to combat it and slow it down, and Toyota of Orlando is here to help you ﬁgure them
What is vehicle depreciation?
Before we start, let’s talk about what vehicle depreciation actually is. Basically, your car loses
value over time. No matter how much you pay for it, it’s not going to retain its value 100%. In
fact, most cars lose between 15-35% of their value in the ﬁrst year of ownership. Additionally,
most cars lose up to 50% of their value in the ﬁrst 3 years of ownership! This means you get
less bang for your buck when it’s time to trade in.
Orlando Toyota tips for retaining your car’s value
So how can you slow vehicle depreciation? Here are 5 easy tips from our Toyota of Orlando
1) Choose the right make and model. Some makes and models hold their value better than
others - for example, our new Toyotas are renowned across the automotive industry for their
ability to naturally retain their value (meaning you get more bang for your buck). Choose a
make and model that will do the legwork for you and hold their value well.
2) Consider the market. What features do you think will appeal to a future buyer? Typically, fuel
eﬃciency is a big pull for a lot of drivers. Additionally, smaller and more economical cars tend
to sell better than their larger, more expensive counterparts. Even paint color can aﬀect vehicle
depreciation - shoot for neutral colors like black, tan, white, and red.
3) Buy for the climate you live in. The climate and area of the country that you live in can aﬀect
your vehicle depreciation and value. For example, all-wheel drive isn’t exactly a must-have in
Florida, where it’s ﬂat and snow-free. However, if you live in a mountainous and/or snowy
climate, all-wheel drive might be more desirable to future buyers.
4) Watch your mileage. You bought it to drive it, but you also want to keep an eye on the
mileage. The higher your car’s mileage, the less value it has. Don’t make unnecessary drives
and keep an eye on the odometer when it comes to your daily commute.
5) Keep to a routine car maintenance schedule.
We know it can seem like a pain, but it’s essential to keep your car on a routine car
maintenance schedule. A car that is well-maintained has a lot more value than one that has
spotty service history. Keep your car on a routine Orlando auto service schedule.
Want more tips on how to combat vehicle depreciation? Call Toyota of Orlando today - we’re
open seven days a week for your convenience at (407) 298-4500.