Posted by: David Kiley on November 14, 2007
As I continue to shop for my next car, I am enticed by the fact that Volkswagens are not only terrific cars to drive, but they hold their resale value better than any other brand. That was re-affirmed by Kelley Blue Book this week when it ranked VW as top brand for resale value after five years of ownership.
It’s a conundrum, though. VW owners know that their cars are glitchier and more prone to nagging problems than other cars on my list. And VW dealers as a whole have not kept up with modern standards of customer service. Sure, some dealers do great. But J.D. Power and Associates rankings don’t lie.
Two VW models on my consideration list: The GTI and Jetta TDI, are especially great on resale. The VW Rabbit, Eos and Jetta all finished in the top ten vehicles along with Chevy Corvette, Toyota Corolla, Scion xB, MINI Cooper, Scion tC, Infiniti G37, Honda Civic.
The reasons for the excellent resale value are several: The most affordable German engineered cars, VW’s tendency not to do heavy discounting, pricing strategy when the car is new. Also, while VW’s have had a reputation for nagging problems (it is said that the check-engine light is prone to go on if you drive over a stick of gum)that bedevil owners, VW buyers figure that they have been sorted out after three or four years of ownership. That leaves a great driving car with what has historically been a terrific powertrain. VW’s diesel vehicles are especially good on resale, and boost the overall ratings of each model. Because they are the most affordable diesels in the U.S., there is always great demand for them in the used market..