Posted : 09/08/2011
Cars loaded with options
Sure, buying a car that's loaded with little extras is appealing. Who wouldn't want heated leather seats and TV screens in their headrests? Just don't expect to recoup the price of these bells and whistles when it comes time to sell or trade in your vehicle.
"Although a fully loaded vehicle costs more at the time of purchase, these options do not hold their value when it is time to resell it," Montoya says.
The same goes for vehicles with unusual transmissions.
"If you have a manual transmission in a vehicle category that has over 90 percent automatics, its value may drop significantly," says Montoya.
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