SOURCE: CarSoup

April 18, 2007 00:00 ET

CarSoup Provides Tips for Buying New Cars Online

New and Used Vehicle Sales Web Site, CarSoup, Offers Tips on Buying New Cars With the Best Resale Value

MINNEAPOLIS, MN -- (MARKET WIRE) -- April 18, 2007 -- New car and truck buyers looking for the best deal for their dollar should consider new vehicles with high resale values says CarSoup, one of the leading online new and used car sales companies in the country.

One of the best determinants of a quality car or truck is its resale value because it lets the buyer know the future worth of their vehicle as well as how much their vehicle will cost over its lifetime. Resale value, or residual value, is helpful for new vehicle buyers because it lets them know how much they can expect to get for it when they decide to sell it.

"We strongly urge buyers to do their research before buying a vehicle," said Larry Cuneo, CarSoup president and CEO. "At CarSoup we deal with both new and used vehicle sales, so we can help our customers find new vehicles with high resale values or get good trade-ins on their used vehicles."

The benefits of a high resale car or truck are two fold. First, the higher the resale value of the vehicle, the higher quality it is and the more it is valued by its owner. Second, when it's finally time to sell a used car or truck, a high resale value will get a much better price on the used vehicle for sale.

The resale values of cars are determined every year by the American Lease Guide (ALG) which considers different factors including price trends in the wholesale vehicle market, brand popularity and performance.

According to the ALG, the top 10 vehicles with the highest resale value are:

--  Acura TL
--  Honda Accord
--  Honda Odyssey
--  Land Rover Ranger Rover Sport
--  Mercedes-Benz CL-Class
--  Mini Cooper
--  Porsche 911 Carrera
--  Toyota Avalon
--  Toyota Sequoia
--  Toyota Tundra
    
While resale value is a good forecast of future worth, a car or truck's actual resale value can change over time as market conditions change and depending on the condition of the vehicle.

To find out how much your vehicle is worth, or for more information about CarSoup, visit www.carsoup.com.

About CarSoup.com

CarSoup is an interactive venue where consumers can buy, sell and research new and used cars and trucks. CarSoup connects consumers to dealers and private sellers in their local market and provides information on new car pricing, used car values, finance options and the latest automobile reviews and advice. CarSoup's easy-to-remember, non-technical name and focus on content, speed, simplicity and accuracy provides local dealerships the unique opportunity to promote their vehicles through the local TV stations interested in a local portal strategy.

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