Due to the recent
years of economic turbulence, more and more individuals are choosing to
purchase a pre-owned car rather than a new one.
light of this, TheStreet, a leading digital financial media company
since 1996, recently asked the folks at Kelley Blue Book to see what
decade-old models should factor into car buyers' decision-making this
year. Kelly Blue Book responded with a list of the top 10 used vehicles
worth considering before buying new.
list focuses on model year 2003 used vehicles with a Kelley Blue Book
Private Party Value of less than $10,000. The vehicles listed are
assumed to be in good condition with approximately 118,000 miles, as per
Kelley Blue Book's mileage depreciation schedules. The list was further
reduced by focusing only on those vehicles KBB expects to require
minimal maintenance based on their proven reputation for reliability.
total, three Toyota vehicles, the Tacoma, Corolla, and Rav4, made the
KBB top 10 list. The Tacoma and Corolla finished #1 and #2,
in at #4, the Toyota Rav4 scored very well thanks, in part, to the fact
that this compact SUV was "packed with the features several families
now take for granted." This along with plenty of cargo room and great
fuel economy help the 2003 Rav4 boast a retained value of 35.4% of its
redesigned in 2003, the Corolla became larger (trunk space at nearly 14
cubic feet), more powerful (130-hp 1.8-liter four-cylinder engine), and
yet remained highly fuel-efficient (32-miles-per-gallon combined fuel
efficiency). In short, the Corolla "offers extraordinary value for its
relatively scant asking price. With an original MSRP of just over
$14,000 the retained value of the 2003 Toyota Corolla is 39.5%.
#1 ranking is nothing new for the Toyota Tacoma as it has taken Kelley
Blue Book's best resale value awarded 10 times. The Tacoma delivers
superb durability to those who don't feel they need all the size and
strength of larger trucks. Even more impressive than receiving this
award 10 times, is that the 2003 Tacoma has a retained value of nearly
44% of its original MSRP after a full decade.