Resale value
Definitions
1
Posts
1
Posters
134
Views
-
When you discover youre disappointed with the car you just bought, this is the amount of money you can expect to recover when [reselling] it.
If you borrowed money to buy this car, cars with low resale values can put you Upside down, meaning you will owe more for the car than what you can expect to get for it. Cars with a high resale value will allow you to [pay down] your remaining loan.
Generally speaking, one doesnt normally need to worry about resale value unless they [bought a car] because they believed it would suddenly make them cool.
Explore More Definitions
Browse our collection of 300,000+ community-written definitions