Resale value of luxury brands in Toronto market
I get a lot of questions on what make and model to buy when it comes to a used car in Toronto. I don't think the answer is as simple and straight forward as people thinks. Depend on what you are looking for this can be personal, so here is my personal opinion on some of the best used cars to buy, and certain things to stay away from.
Imports, everyone thinks the imports are better in quality, to a certain degree it is true. You can see the difference in craftsmanship when you touch and feel the vehicle panels, interior fittings, and during your drive the suspension system as well as exterior noises. Certain things to be aware of, this include 1999-2002 Honda and Acura V6 products, include Accord V6, Acura TL, Odyssey, after 180,000 – 200,000 km. The transmission typically will slip or kick, they can be that way for years, or they can break tomorrow. Used BMW from 1994-1999 or E36 body style, they typically also have transmission problems after 150,000 km. Also minor stuff include radio screen blank out, and dash board power intermittently cuts out. Rust forming on the rocker panels on both sides due to poor displacement of water through its running channels.
If you are looking for a luxury brand with very low resell value, here are few on my list.
1994-2002 Saabs, very affordable, but not so affordable when it comes to repairs.
1996-2002 Audi, very affordable to buy, but once again expensive to repair.
1994-1999 BMW reasonably priced, not too expensive to repair, and more access to parts.
1996-2004 VW reasonably priced, not too expensive to repair, easy access to mechanics.
1994-1999 Jaguars, very affordable but you should stay away from regardless of the selling price.
1996-2002 Acura lines, reasonably priced, and durable other than the V6 transmission.
1996-2001 Lexus ES300, reasonably priced, and durable.
1996-2000 Nissan Maxima, very affordable, but typical sensor, rust, suspension problems.
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