NEW YORK - BMW badges should be gold-plated.
The luxurious, sporty German cars they adorn keep their value better than any other vehicles. In recently calculated data from car-pricing bible Kelley Blue Book, BMW was the only brand name with two entries—the 7 Series sedan and 6 Series two-door—on a list of the ten new cars that should best hold their value over a four-year period.
You can see the ten cars in the slide show that follows. While the cars in the slide show are unranked, a spokeswoman from Kelley Blue Book said the 7 Series has the best residual value on the market. In the past, Kelley has also assigned BMW's X5 sport utility the title of highest automotive residual value.
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Frugal Mom's budget wisdom!
Do not buy a brand new car. Buy something a few years ago and then drive it until the doors are falling off. A monthly payment of $200 for 3 years is much better than a $500 car payment for 5 years. Drive the car for atleast 8-10 years and you will save a lot of money over your lifetime.
Enjoy your savings!
Theresa
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