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Posted: 6:00 a.m. Tuesday, Nov. 19, 2013

Best 2014 cars for resale value

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By Clark Howard

Cars are the second biggest expense in most people's lives. But will the car you're buying hold its resale value?

Kelley Blue Book has published its annual Best Resale Value Awards for 2014 vehicles. When we buy a car, we think of the price as the true cost, along with the expense of insurance, gas, and maintenance. But the real cost of a car is depreciation -- how much in value it loses during the initial years of ownership.

Among mainstream non-luxury brands, the following nameplates will best hold their value over the next 5 years:

  1. Honda
  2. Toyota
  3. Subaru
  4. Hyundai

And among the luxury nameplates:

  1. Mercedes
  2. Acura
  3. Audi

And finally, the cars that do the *worst* job at holding their resale value:

  1. Lincoln
  2. Volvo
  3. Buick
  4. Ford

If you must buy new, plan on holding a car for 10 years or longer to absorb all the depreciation. As an alternative, buy a two-year-old car and hold it for three years or a three-year-old car and hold it for two years.

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