What's the resale value of a Volkswagen Golf and a Toyota Corolla?
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Asked by Chanaka
I am evaluating between a 2019 Volkswagen Golf vs a new Corolla. Hoping to keep the car for about one year. What's your opinion on the resale value of each?
Answered by CarsGuide
14 Mar 2020A Volkswagen Golf that is already one year old will already have done a big chunk of its depreciating. The Corolla, on the other hand, will – like all brand-new cars – dump value like crazy. That said, both cars have a fair way to go in depreciation terms. Keeping them for just a year won’t help there, either, as you’ll effectively be maximising the amount you lose.
The trade regards the Corolla (as a Toyota) very highly and, as such, resale values tend to be better than a lot of cars. The VW Golf, meanwhile, still suffers from the stigma of the reliability problems many owners experienced and can be a little more difficult to unload without resorting to selling it to a wholesaler who will make you really understand what depreciation means.
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