Every driver knows that cars start depreciating as soon as you drive them off the showroom.
Depending on the model and the driving habits, the depreciation rate can get as high as 70 percent within the first 3 years.
Suzuki is among the car brands renowned for longevity and high resale value.
In this article, we’ll see how Suzuki cars keep or lose their value over a given period, and we’ll discuss the factors that drive the rate of depreciation.
Do Suzuki Cars Hold Their Value?
Suzuki cars depreciate much slower than most luxury cars mainly because they have hard bodies and simple designs.
They’re designed to endure the rough roads of the developing world and perform rather well in that regard.
Because they’re often smaller and more fuel-efficient, their value doesn’t drop much, especially in this time of rising fuel costs.
So, it’s no surprise that the company is a top car seller in India and one of the highest-selling brands in Latin America and Africa.
Suzuki is arguably one of the most well-regarded car brands, especially among middle-aged drivers with families looking for affordable vehicles.
Nonetheless, the value of any car is as equally dependent on how it is handled. For instance, cars with zero or minimal dents and scratches will have higher resale value than cars full of blemishes.
Further, the odometer reading also affects the car’s value in many people’s minds, especially if it reads close to, or above 100,000 miles. Many people equate higher mileage with more maintenance problems and higher risk.
For example, a 2015 Suzuki Swift with 50,000 miles on the clock will be more valuable than a 2019 Suzuki Escudo with 90,000 miles.
What Is The Depreciation Rate Of Suzuki Cars?
All conditions being constant, Suzuki cars depreciate at the same rates as other mid-range cars like Toyotas and Nissan.
Generally, new cars lose about 20% of their values within their initial year of ownership.
This isn’t a huge deal as it’s chiefly caused by the change of labels from “new” to “used”. Most people will automatically devalue a car if it’s not brand new.
Beyond the first year, the average depreciation rate stabilizes at 10-15% for the next five years.
Afterward, the car can maintain its new value for several years or lose it entirely, depending on how you maintain it.
Also read: 4 Popular Off-Road Suzuki Vehicle
Do Suzuki Cars Lose Value Quickly?
No, most Suzuki cars maintain their perceived value for many years because they’re highly fuel-efficient. However, certain models with poor safety and design ratings are more likely to drop in value quickly.
Let’s consider these criteria in more detail:
One of the things that keep Suzuki cars durable is their fuel efficiency.
The average fuel consumption rate of a Suzuki is about 16 km/L, which is better than what you get with most brands.
Admittedly, some Suzuki models have much faster depreciation rates than others, mostly due to poor designs and safety ratings.
These include the Forenza, Verona, and SX4.
Models like Alto and XL6 are considered more “modern” and in sync with the latest trends.
These vehicles will, in the absence of major dents and poor maintenance, retain high resale values over the next decade.
How To Know The Value Of Your Suzuki?
There are three main ways to determine the value of your used car.
First, visit your local car dealers and ask them how much they are willing to pay for the car.
Alternatively, you can look up prices for similar cars on major websites like AutoTrader, CarsDirect, and CarGurus.
You may also use a car valuation tool like Kelley Blue Book (KBB), Edmunds, and the National Automobile Dealer’s Association (NADA).
For a clearer picture, you may want to check across multiple websites.
What Are The Top Cars That Hold Their Value The Best
Across the board, cars with the lowest depreciation rates are trucks and high-end cars, which is not surprising.
The most durable cars are arguably Jeep Wranglers, closely followed by the top Toyota truck models like Tacoma, Tundra, Land Cruiser, and Highlander.
Among the SUVs and luxury models, Porsche, Mercedes, Range Rover Sport, and Chevrolet perform pretty well.
What makes these cars retain their values – even after extended use – is their high-performance ratings, immense capabilities, and sleek designs.
Most of the mentioned models are also very reliable since their respective manufacturers see the need to use the latest technologies to justify their high price tags.
What Color Car Has The Highest Resale Value?
For the longest time, white has been the most favored color among car-buyers.
However, according to a report by paint manufacturer PPG, gray has overtaken white in popularity in several markets, particularly North America.
More specifically, grays are more in favor among people buying SUVs while white is the go-to color for trucks and saloons.
Naturally, cars painted white, or any of the metallic grays will have more resale value as these colors are evergreen and perennially popular.
Other colors whose popularity is increasing among newer car owners include black, blue, and silver.
Depreciation is inevitable.
However, the rate mainly depends on its make and how you maintain it.
Buying brands like Suzuki, which have great reputations, is one way to ensure a high resale value. That’s because Suzuki vehicle easy to maintain and made using the best technology.