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Chanaka ASKED THE GUIDE

What's the resale value of a Volkswagen Golf and a Toyota Corolla?

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?

A 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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