Why Does the Discovery 4 Have a High Resale Value?

[GageAnn]

Discovery 4 maintains a high resale value primarily due to its body-on-frame construction, spacious interior, 7-seat configuration, and excellent build quality. Calculation of Resale Value: The resale value of a car is calculated based on the original ex-factory price, following the automotive industry's "10-year depreciation method." In the first 3 years after purchase, the annual depreciation rate is 15%, from the 4th to 6th year it's 10% annually, and from the 7th to 10th year, the depreciation rate is 5% per year. Factors Affecting Resale Value: Automobile resale value refers to the ratio of a vehicle's selling price after a period of use to its original purchase price. It mainly depends on factors such as the vehicle's performance, price fluctuation range, spare parts costs, and maintenance convenience, essentially reflecting the comprehensive quality trend of the vehicle. Models with high resale values have the advantage of being less affected by price reductions in the used car market, thereby reducing the risk of economic loss due to product depreciation for some car owners.