Does Painting A Car A Different Color Decrease Value It's probably not something you'll want to spend the money to change, but an unusual paint color can impact the resale value of your car. According to iSeeCars.com, cars painted gold tend to depreciate 37.1 percent over three years—more than a 12 percent difference compared to the average car. On the other hand, yellow cars tend to depreciate much less, only 27 percent over those same three years. While this may not help you with the car you're selling now, you might want to take these numbers into account when buying your next car.
Believe it or not, your car's color also affects your chances of getting into an accident. Color can affect resale price both negatively and positively. The general rule of thumb when looking to buy a new car that you plan to sell in a few years, is to pick something a neutral. Black, silver, white, and gray are generally the best bets for any car. These colors are notoriously more popular than others that might have more of a personal appeal to you—say bright red or lemon yellow. If you want a sure seller, stick with white, silver, or grey cars.
Those colors show fewer scratches, dings and dents, and dirt. There's even a study that shows that white cars are less likely to be involved in accidents, though it's debatable. White is also the world's most popular color for cars for the fifth year running, according to the most recent study from Axalta Coating Systems, a global car-coating company based in Detroit. Unsold 2009 Fits sit at a Honda dealership in Littleton, Colo., on Sunday, Feb. 15, 2009. American Honda Motor Co. said its February sales fell 38 percent as sales of its top-selling Accord car and luxury Acura division plunged on low overall auto demand.
Even a white car isn't a bad bet, considering the resale value of these vehicles is only marginally lower than that of silver models. Like silver, even white is reasonably easy to maintain and is an evergreen colour that has a definite fan following. Shades of red are generally preferred by the young or by those who want their vehicles to look sporty. While red is not as easy to maintain as, say, white, it's still a popular choice among everyone who needs a car that looks bold. Moreover, it's not anywhere as tough to maintain as, say, black or dark blue. Hence, the selling price that a red coloured car can fetch in the used car market stays close to what you would get for a similar model in white colour.
Moreover, the effect of the color on a car's resale value varies from one location to another. For example, used cars that have a black or dark blue paint shade fetch a lower price than similar models in other colors in places like Hyderabad and Bengaluru. The reason for this can be attributed to the perception that many may have that a dark colored metal object brings bad omen. As can be gauged by having a look at our data, a vehicle's exterior colour shade plays a definite role in affecting the resale value. Moreover, the effect of the colour on a car's resale value varies from one location to another. For example, used cars that have a black or dark blue paint shade fetch a lower price than similar models in other colours in places like Hyderabad and Bengaluru.
The reason for this can be attributed to the perception that many may have that a dark coloured metal object brings bad omen. At the bottom are brown and gold, possible choice colors for luxury cars. Hence, the right color on the right car can yield higher values, not necessarily rare colors Thus, car colors affect the purchase and resale of cars depending on various factors. In general, the best selling colors worldwide are white, silver, and black; they sell well when new and maintain their value when resold. However, colors like red, blue, green, or bright yellow can command a premium for the right customer.
Factors like a place of residence, country, car types, and trends play a definite role in deciding the car's worth as select paint shades enjoy a higher preference in some locations. Looking for a middle-of-the-road color that won't affect resale value too much? In all instances, depreciation for gray vehicles is fairly close to the industry average. Gray is particularly popular on pickups, just behind white and beige on the iSeeCars list of resale values. The only gray cars that suffer at trade-in time are convertibles and coupes, two classes of car for which drivers favor bold, eye-catching hues.
While there are many factors that play a role in judging the resale value of your vehicle, its paint shade is an important factor that is often overlooked by the seller. The color of your new car not only affects the cost of ownership but also the resale value of the vehicle. This is due to many reasons, including the ever-changing color preferences of the car buying lot. The depreciation of a motor vehicle is its owner's biggest ownership expense, but this realization mostly hits only when it's time to sell of the car. But they are popular enough among used-car shoppers to command higher prices.
Sports cars and luxury models often come in bright colors, whereas more conservative vehicles tend to stick to a more neutral palette. Beige is the interesting outlier in the results, which the study used as an umbrella color to cover off-white and light brown colors. It places second with an average 22.8% of a beige car's value lost in three years. "Safe" color choices, like gray, silver, black and white hang around the middle of the chart near the overall average depreciation of a three-year-old car.
Gray does the best in fifth place, while other common colors like blue and red also due an above average job of holding value. With the vast number of cars on the road painted one of these hues, it's no surprise they're all about average. Experts agree that metallic silver, grey, black or white are stable choices that will help a car retain value over time. Katie Price, former glamour model turned reality TV celebrity, was told that her Barbie Pink respray had wiped £3,000 off the value of her Range Rover when she filed for bankruptcy. Outlandish colours and personalised modifications can seriously limit a car's appeal to new buyers — especially if a quick sale to raise cash is required.
By choosing a popular colour you should see a better part exchange return next time around. Generally speaking, sober colours are best when it comes to long-term value retention, because they have the broadest appeal. Black, grey, silver, blue and white are among the most popular shades for new cars and the ones most likely to generate strongsecond-hand prices. Although it usually costs more up front, metallic paint is often sought after by second-hand buyers and therefore normally adds value later on, too.
Conventional wisdom for those worried about depreciation accepted that a neutral color was best for resale value—appealing to more potential buyers. When it came time to sell, a wild color such as bright green, orange or yellow would significantly reduce the number of buyers. And that applies to pickups and SUVs as well as passenger cars.
"Across almost every bodystyle, gold vehicles have some of the worst depreciation rates of any color," says Ly. It's not easy being green … unless we're talking SUVs and pickups. In both cases, green vehicles enjoyed moderately better-than-average resale values (it's the second-most valuable paint color after yellow for SUVs, and No. 4 for trucks). "The low depreciation of yellow, green, and orange SUVs reflects the imbalance between how many people are picking these colors compared to how many buyers want them," Brauer says. But green sedans are definitely not hot, according to the iSeeCars data.
In fact, it's the least valuable hue, depreciating more than any other color. What colors affect car ownership and resale value when you want tosell good cars? Due to its uniqueness, it has more time and value on the market. They are most common among car buyers and thus it increases the purchasing power of the customer. Colors like beige and gold depreciate the most over 3 years' time frame and become less valuable during re-sale.
Finally, if we talk about the Hyundai Santro Xing, which is a popular car that was discontinued several years ago, you'll notice that here, again, it's the silver shade that benefits from the lease depreciation. Again, its the black colour shade that has the poorest resale value. This isn't surprising if you consider that black and other dark shades are really troublesome to maintain.
First, there are chances that a black coloured car won't look as pristine as, say, silver or white coloured one, which would already affect the resale value. Furthermore, the prospective buyer would be wary of putting his money on a vehicle that would be difficult to maintain. An iSeeCars analysis compared list prices for new 2017 cars with their resale prices in 2020 to see which colors hold value best in different vehicle classes. In addition, some larger paint manufacturers publish annual color popularity reports and predictions for the coming year. Combined, they help draw broad rules for picking the best values in car colors. And while color doesn't wholly determine a car's value, if it's not part of a buying decision, you might get stuck with a gray Miata.
The car search engine iSeeCars did an analysis of automotive paint colors and resale value. It found that while white, black, and silver don't depreciate as much as others, bolder colors like yellow, orange, green, and red actually fared better during the company's three-year snapshot of values. An Audi TTorMazda MX-5could still attract used buyers in orange or bright red, whereas other, more conventional models would not. That's not to say that they don't also suit more popular shades, though, and again the safest options to guarantee good resale value are the likes of grey, silver, blue, black and white.
As depreciation is a motorist's greatest long-term ownership expense, it behooves a new-car buyer to choose a model that best holds onto its original value over time. G, in case of the Maruti Wagon R, one of the highest selling small cars in India, the Red shade fetches the maximum price. Next is the silver shade popular than even white with black the lowest.
For the Honda City, one of the most popular mid-size sedans, the silver color shade has the highest resale value, followed by red then white with black color the last. For the Alto or the Hyundai Santro Xing, the silver paint shade has highest resale value, followed by white, red, and black, respectively. When buying a classic vehicle, car color can be an important factor, affecting not only our preferences but also the car resale value. Nowadays, more than three cars out of four are white, black, silver or gray, according to the chemical company BASF. However, off-beat colors like orange and lemon yellow can bring something more, adding originality and taste. It is therefore not surprising that the color of a vintage car affects its value.
It affects both the operating costs as well as the resale value of your car. In warmer and sunnier areas, white and silver cars are more popular since these colors reflect light. This reduces the workload on the air conditioner, thus saving fuel economy. On the other hand, black and darker colors are more popular in cold areas since darker colors tend to absorb the heat. Another thing to consider when buying a car that could impact your resale value down the line is the color of your vehicle. Neutral colors, like black, white and silver never go out of style.
While upgrading to that limited edition lime green color seemed like a good idea at the time (everybody loved it!), it's going to be harder to sell and will have a lower resale value than a neutral-colored vehicle. The colour of your new car not only affects the cost of ownership but also the resale value of the vehicle. This is due to many reasons, including the ever-changing colour preferences of the car buying lot. Moreover, even factors like the place of your residence play a definite role in deciding your car's worth as select paint shades enjoy a higher preference in some locations. According to a recent study by research and data company iSeeCars, the average car depreciated by about 30 percent during the first three years of ownership. In the same period, orange and yellow cars lost only about 22 percent of their value.
Indeed, in an analysis of 1.6 million vehicles, orange and yellow cars depreciated less than those painted any other color. Picking the right color has always been a big, emotional part of buying a new car. But color can also affect how much a vehicle is worth at trade-in time and the price it will fetch on the used-car market. And sometimes, hues that are less popular among new-car buyers can boost a car's resale value. The data comes from iSeeCars.com, which looked at car resale values over a three-year period. Bold colors like yellow, beige, and orange tended to depreciate less, between 20 percent to 27 percent, while blue, silver, white, and black were around 38 percent.
Purple, brown, and gold were the worst performers, dropping as much as 46 percent. One more fact to consider before getting your car painted is the laws for changing car colors. Being a responsible citizen of your country, I believe you don't want to do anything with your car's painting, which is illegal as per the motor vehicles act. The general rule of sober shades and metallic paint absolutely applies to large cars.
Used saloons, SUVs, estates and luxury cars almost always fetch stronger prices if they're sold in widely popular black, grey, silver, blue or white. It's very rare to see a large SUV such as a Peugeot 5008 or an executive car such as a BMW 3 Series in orange or yellow. Meanwhile, the most common car colors—white, black, red, and gray—tend to depreciate at a near-average rate. Because they're the most plentiful versions in a given model line, used-car buyers can shop around to get the exact combination of features they desire and enjoy added bargaining power in the process.
In the metro cities like that of New Delhi, Bombay, and Bengaluru, it has been observed that on an average, the resale price of a black car ends up being 5 per cent lower than that of a similar model in white colour. Even silver and red colour shades fetch almost the same prices for a model in similar condition. If you get into intricacies, however, you'll notice that the silver colour commands a premium of almost 2 per cent over the white paint shades.
This might be a surprise for many drivers because of the long-accepted rule that odd colors hurt resale value. One of the reasons that bland colors like white and silver have dominated the auto industry for decades is because buyers feel they will be worth more when it is time to sell or trade them in for a newer model. However, rarity alone does not determine how much a vehicle depreciates. The three paint colors with the highest depreciation—purple, brown, and gold—also have low market share, but depreciate far worse than average. If a color doesn't resonate with enough used car shoppers it will hurt resale value, even if it's uncommon," said Brauer. At the other end of the resale spectrum are unhappy hues such as purple.
Unlike yellow or orange, uncommon car colors that have a positive impact on resale, purple vehicles are less desirable at trade-in time. Along with silver, white is considered a "safe" color when it comes to resale value. "This means black, white, and silver are the safe colors to buy if you're satisfied with average value retention, but not if you're trying to do better than average." Do you take resale value into account when shopping for a new vehicle? But make and model aren't the only factors when it comes to figuring a used car's worth — so is color, according to a study by vehicle-sales search site iSeeCars.
Surprisingly, the most "valuable" hues aren't always the most popular . And paint color affects resale differently depending on the kind of vehicle. "While bolder or less common hues may seem like they would hurt a car's resale value, there are many instances where the opposite is true," says Karl Brauer, the company's executive analyst.
We've listed paint colors using iSeeCars' analysis, starting with the best colors for resale value and ending with the very worst. Other modifications that can either reduce the value include expensive re-spray paint jobs in unusual colours. No matter how much the paint costs, the value of the car is unlikely to go up. The most popular colours for used cars are the standard black, blue and red. Anything too adventurous is likely to reduce your car's value when you come to sell.
We've looked into our car sales data, collected over the last few years, to figure out how a particular paint shade affects the resale value of a car. Rick, in general, the condition of the paint job and body work counts the most. If your car has a 9+ quality paint job in a non-original color, it will be worth more than if it had a "4" quality paint job in the correct color.
