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Posted inAuto Blog

TOP-10 Vehicles with the Highest Resale Value

Our list of the top 10 luxury vehicles with the highest residual values was compiled using Kelley Blue Book data for new vehicles with MSRPs $30,000 and up, including specific trims of vehicles, not just base MSRPs. The residual values are expressed as a percent of the original MSRP five years into the future. We’ve put the vehicles in ascending order. Vehicles that tied for a particular ranking are in alphabetical order.

Kelley Blue Book estimates future vehicle values based on a model’s past performance as well as new or notable features. “The best indicator of future performance is past performance,” Ibara says. For newly introduced models, Kelley Blue Book looks to past similar models from a given manufacturer.

2007 Honda Accord Hybrid
MSRP: $31,090
Residual Value After Five Years: 44%

This ranking shows that being green pays off when it comes time to sell. The MSRP might seem high, especially compared to a glitzier Lexus IS 250, but the price increase over a standard Accord is justified and bodes well for value retention. The Accord’s widely acclaimed reliability is another boon. Consumer Reports rated the Accord Hybrid its 2007 Top Pick in the family-sedan category, with “Excellent” predicted reliability.

2007 BMW Alpina B7
MSRP: $115,000
Residual Value After Five Years: 44%

Any BMW 7 Series is good and will hold value well. But this one, with a 500-hp supercharged V8, special suspension and styling add-ons engineered by European performance tuner Alpina, really resists dollar-shedding. It’s extremely rare — the U.S. will see only 200 in 2007 — and exemplifies the low-supply/high-demand that can skyrocket resale value.

2007 Toyota Avalon XLS
MSRP: $31,325
Residual Value After Five Years: 46%

Toyota’s largest sedan lacks sex appeal — so this is one case where sheer quality instigates high resale value. The Avalon’s strength is its lack of weaknesses, with more-than-adequate power, excellent interior room and a host of luxury features — it’s more luxurious than a similarly priced, smaller but more modern up-level Camry. That bang-for-the-buck translates to high resale values.

2007 Lexus IS 350
MSRP: $35,705
Residual Value After Five Years: 46%

This is Lexus’ entry-level model, but its performance doesn’t show it: A taut, muscular exterior and a V6 with more than 300 hp give it personality and panache. There’s also real value here: It’s loaded with useful, high-tech features, like adaptive bi-Xenon headlights and radar cruise control, but avoids superfluous luxury items.

2007 Infiniti M45
MSRP: $49,100
Residual Value After Five Years: 46%

Infiniti’s M series is rather staid-looking; all the more surprising when you realize the sheer speed that skulks within. Kelley Blue Book’s Eric Ibara says the M45’s relative exclusivity gives it a value retention edge over the G35, “which you see all over, and is easy to lease for a reasonable amount.”

2007 BMW 650i Convertible
MSRP: $81,700
Residual Value After Five Years: 46%

The BMW 6 Series is a modern classic, whether or not you like its progressive styling. The convertible version is made in fewer numbers than the coupe and its $7,000, or 9.5 percent, price hike over the coupe provides a value-retention advantage when it’s time to sell, as evidenced by the fact that the convertible made this list over the coupe.

2007 Acura MDX AWD
MSRP: $39,995
Residual Value After Five Years: 46%

Kelley Blue Book ranks the Acura MDX as the SUV with highest resale value, including non-luxury models. Recently redesigned, the midsize MDX blends power, practicality and luxury extremely well. The MDX has also been reliable. Consumer Reports calls the 2007 model a “good bet.”

2007 Mercedes-Benz G55 AMG
MSRP: $107,500
Residual Value After Five Years: 47%

Auto Appraisal Group’s Larry Batton says “expensive, fast and impractical” usually bodes well for resale value. This brutish vehicle has all three: Its six-figure price tag is outrageous; the AMG engine has nearly 500 hp; and it averages about 12 mpg.

2007 Lexus GS 450h
MSRP: $54,900
Residual Value After Five Years: 47%

“Green doesn’t mean slow anymore,” says Black Book National’s Ricky Beggs of the speedy GS 450h, one of two hybrids on our list. “The technology here makes the car both quick and efficient.” Kelley’s Ibara thinks the hybrid will have a higher residual value than the conventional GS: “We think that the relatively small increase in list price ($2,500) ensures that the car will sustain its higher residual,” he says.

2007 Chevrolet Corvette Coupe
MSRP: $44,250
Residual Value After Five Years: 47%

The only American car on this list finishes on top. Auto Appraisal Group’s Larry Batton says that American cars generally lag imports in residual values, but the Corvette’s an exception. “It’s an icon. And it’s also historically an image-maker, which keeps it in demand, and keeps value high,” he says.

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Posted By rimmy
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Posted inBlog News

Special Session Could Save No-Fault Auto Insurance System

Florida’s 37-year-old no-fault auto insurance system is scheduled to expire Oct. 1 because state lawmakers failed to reach agreement on how to change the system before the end of the regular legislative session Friday.
But no-fault, or some version of it, could still be revived.

GOP Gov. Charlie Crist said he was disappointed that the law would end and that it was likely no-fault would be taken up at a special legislative session on property tax reform that starts June 12.

The end of no-fault would mean lower auto insurance rates for many drivers because they would no longer be required to buy $10,000 worth of personal injury protection, or PIP, which pays the medical bills and lost wages of people injured in auto accidents and funeral costs for those killed.

The system’s demise also would end restrictions that now prevent injured motorists from filing pain-and-suffering lawsuits against the at-fault driver unless a doctor or chiropractor certifies that the injury is permanent.

“This is a victory for consumers,” said Chris Neal, a spokesman for State Farm Mutual Insurance Co., Florida’s largest auto insurer.
But the Florida Hospital Association warned Friday evening that emergency-room trauma care could be jeopardized.

“The seriousness of this issue cannot be ignored,” Wayne NeSmith, the association’s president, said in a statement. ”Some hospitals may have to reconsider whether they can continue to operate their trauma centers, and that would be a tragic loss for the people of Florida.” Hospitals are heavily dependent on reimbursements paid by auto insurers. Without no-fault, a person’s health insurance would replace PIP as the primary payer of auto-accident medical treatment.
Auto insurers say they also plan to offer new optional medical coverage.

The legislature has been divided over what to do with no-fault and have heard conflicting views from dozens of lobbyists representing auto insurers, health insurers, medical groups and trial lawyers.

The Senate this week passed a bill that would extend the no-fault law until 2012 and would tell the state’s Financial Services Department and Office of Insurance Regulation to use the extension to review the no-fault system and assess how it affects insurance rates, consumers, health-care providers and the trial court system.

The House made major changes to the Senate proposal, including limiting medical care to $10,000 for emergency care and $3,000 for outpatient care. But a divided House failed to take up the issue.
In 2000, a statewide grand jury concluded that the no-fault system was full of fraud and that a cottage industry of auto-accident medical clinics had developed.

After several years of debate, the legislature agreed in 2003 to let no-fault expire this year, with the idea that the pending disappearance would force legislators to write a new law. But even that threat was not enough to bring lawmakers together.

“We had been working for a number of weeks, trying to get everyone to buy into real reform, and there were some special-interest groups blocking it in the Senate,” said Rep. Ellyn Bogdanoff, R-Fort Lauderdale.

“We’ll see what happens when it sunsets. Maybe nothing happens,” she said. “Maybe we can save Floridians a lot of money on their car insurance, and we can do our own Geico commercial.” Sen. Jeff Atwater, R-North Palm Beach, predicted that the issue would be addressed during the special session.

“It allows everyone to take a deep breath, and allows the presiding officers to perhaps revisit the issue,” he said.
By The Palm Beach Post, Fla.

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Posted By rimmy
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  • TOP-10 Vehicles with the Highest Resale Value
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