If you are planning on purchasing a new car soon, you need to consider many things. The most vital aspect is deciding what kind of vehicle you wish to buy. Another crucial thing you need to consider before buying a new vehicle is its color. Choosing the right car color may boost its resale value by as much as $3,000! This article will discuss the best car colors for resale and help you make the right choice for your next purchase.
Factors That May Influence a Vehicle’s Resale Value
Before discussing the best car colors for resale, let us take a look at some of the factors that may influence a vehicle’s resale value. Aside from color, these factors include the brand, model, and the vehicle’s condition. It’s important to note that the latter depends greatly on the first two factors. Let us find out more!
According to several studies conducted, car color plays a significant role in determining whether a particular vehicle will retain its resale value for a long time. As per research conducted by iSeeCars, white-colored vehicles are the most popular cars on the road, with as many as 27% of US cars being painted in this color. Conversely, black-colored cars are the least popular and can be seen in only 3% of vehicles sold in the United States.
Most Popular Car Colors for Resale
What car colors are best for resale? Based on research done, the top 5 most popular colors for resale include:
* White
White-colored cars tend to retain their value quite well. In fact, according to recent surveys, such vehicles can be resold for $3,000 more than cars in other shades.
* Silver
Silver-colored cars are just behind white-colored vehicles in terms of popularity. Moreover, these cars can be sold for $2,000 more than cars painted in other colors.
* Gray
As per studies done, gray-colored cars hold their value pretty well compared to cars in other shades. Such a vehicle can be sold for $1,500 more than another model painted in other colors.
* Beige
For those wishing to have a vehicle that is neither black nor white, beige-colored cars can be a great alternative. What’s more, these cars tend to be quite durable and can be sold for $1,000 more than others.
* Blue
Last but not least are blue-colored vehicles that also tend to hold their value pretty well. You can get up to $500 more for such a car than for another one painted in another color.
Least Popular Car Colors for Resale
Apart from the most popular car colors discussed above, there are colors that do not retain their value and cannot sell for as much money as expected. Below is a list of some of these colors:
* Black
Black-colored cars are the least popular among drivers, as per recent surveys. They tend to lose their resale value quickly, and they can be sold for up to $2,000 less than other models.
* Red
Though red-colored cars seem quite cool, many people prefer cars painted in other colors. As a result, such vehicles cannot be sold for as much money as other models, losing up to $1,500 in price.
* Orange
Quite an unusual color, oranges tend to lose their value rapidly and cannot be sold for much money. Such a vehicle can be resold for up to $1,000 less than other cars.
* Green
One more unusual color that does not really suit a lot of people. Cars painted in this color cannot be resold for as much money as other models, losing up to $500 in price.
* Yellow
Yellow-colored cars cannot be spotted on roads too often due to the low number of drivers preferring such vehicles. As a result, such cars cannot be sold for much money, losing around $200 in value.
How to Select the Right Car Color for Resale?
Now that you know the difference between the best and worst car colors for resale, it’s time to learn how to pick a good color for your future vehicle. Here are some helpful tips you should consider when choosing a good vehicle:
* Pick neutral color shades that can be seen everywhere;
* Avoid rare car colors that cannot be seen anywhere;
* Consider the demand for each specific shade on the market;
* Take the car’s condition into consideration when selecting a shade.
Color’s Impact on a Car’s Condition
Another thing worth mentioning in connection with a car’s color is its impact on a vehicle’s condition. For instance, a black-colored vehicle can collect fingerprints and smudges much faster compared to other cars. At the same time, a white car will start showing dirt very quickly.
Therefore, when choosing the right car color for resale, it’s crucial to consider its impact on a vehicle’s condition. Some steps should be taken to keep the car in proper condition and improve its resale potential. Here are some helpful tips:
* Wax and polish your vehicle regularly to prevent any kinds of damage;
* Cover your car when not using it to keep it protected from dust, dirt, and debris;
* Clean and vacuum the interior to keep it as pristine as possible.
Conclusion
All in all, car color is an important factor when buying a new vehicle, especially since some colors can raise the car’s value significantly. Based on the information provided above, you can now select the right car color that will help you get extra money when selling your car someday.
