There is good news for Subaru Outback owners who are thinking of trading in their all-wheel-drive wagon. See why you could get more for your car.
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If you own a Subaru Outback you will get more for your trade-in than many other popular all-wheel-drive SUVs and more than any other wagon. According to a study by iSeeCars the Subaru Outback is number 10 on the list of lowest-depreciating SUVs. Your Subaru Outback will be worth more at trade-in after five years than many competitors like the Honda Pilot, Ford Explorer, Jeep Grand Cherokee, Mazda CX-9, Hyundai Santa Fe, and Volkswagen Atlas.
What does it mean if you trade in your Outback now?
Depreciation (loss of value) is typically your primary expense during ownership and it shows shoppers which vehicle will be the best in resale value. Studies like this let consumers know that many Subaru vehicles retain their value better than other brands. This can make the biggest difference if you are trading in your vehicle after 3-5 years.
Two other automotive reports rank Subaru the highest of any automaker in depreciating the least. Kelly Blue Book and ALG both rate the Subaru brand best of any mainstream automaker in retaining residual value. Another report reveals Subaru owners keep their vehicles longer also keeping resale values high.
The average SUV loses 51.6 percent of its value after 5 years. The Subaru Outback has a 50.1 percent 5-year depreciation average. You could get even more for your wagon if it has low miles and it’s been well taken care of. Toyota and Jeep top the list of SUVs with the lowest depreciation after 5 years.
With the coronavirus slowing sales for all automakers, they are offering extra financing incentives to get buyers in their showrooms. Subaru is offering no-interest financing for 63 months through June 1 on 2020 Outback models and low lease payments for SUV shoppers.
If you have are currently leasing a Subaru Outback or another Subaru model and turn your car in the automaker offers a Lease Loyalty Program. Subaru will make the first monthly payment on your behalf, not to exceed $500, on your next Subaru lease through Subaru Motors Finance, and pay any disposition fee owed on your current lease.
It’s good news for current Subaru Outback owners who are thinking of trading in their wagon soon. Outback is number 10 on the list of lowest-depreciating SUVs and you will get more for your trade-in that other mid-size SUVs. It’s a good time to buy a 2020 Outback with Subaru of America’s no-interest for 63-months financing offer and dealers may offer the best deals now to move cars off their lots.
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Denis Flierl has invested over 30 years in the automotive industry in a variety of roles. All of his reports are archived on our Subaru page. Follow Denis on Facebook, Twitter, Instagram, Subaru Report. Check back tomorrow for more Subaru news and updates at Torque News!
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Photo credit: Subaru USA, iSeeCars
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