Is the 2016 Infiniti QX60 Residual Value a Good Investment?
Before committing to a new luxury crossover, Metro Detroit and Michigan drivers know to do their research, and if you’re looking at the 2016 Infiniti QX60, its residual value should give you pause. We compared the residual values of the QX60 and the 2016 Acura MDX to give you an idea of what a successful luxury crossover looks like and help you make a smart investment on your next vehicle.
If you aren’t familiar with the idea of residual value, we’ll give you a crash course; if you already know why this stat is so important when shopping for a new vehicle, scroll down right to the comparison.
What Is Residual Value?
Have you ever heard someone say that a car loses half its value when it leaves the lot? It’s an exaggeration, to be sure, but there is some truth to it: Once you take ownership of a car, idepreciates. How fast it depreciates is another matter, and while nobody can know what the future holds, some auto value experts are great at predicting it.
The residual value is the amount the vehicle is worth at a given time as a percent of its initial purchase price – so that car that lost half its value would have a 50% residual value. Organizations like ALG create residual value estimates based on vehicle specs, features, brand history, and trends in the auto market to give you an idea of how they expect a car to depreciate over time. A higher percentage generally means a better investment.
How Does the 2016 Infiniti QX60 Residual Value Compare?
So, now that we know why it matters, let’s see how the 2016 Infiniti QX60 residual value compares to the Acura MDX:
- 2016 Infiniti QX60 base models have a 36-month residual value of just 47%, dropping to 32% after 60 months of ownership.
- The 2016 Acura MDX has a residual value of 57% at 36 months and stays relatively high at 42% at 60 months.
Time for a Test Drive
We want to show you where these numbers come from and what makes the MDX such an impressive luxury crossover. Visit a Michigan Acura Dealer near you today to get behind the wheel of the latest MDX and experience it for yourself.
Michigan Acura Dealers includes Fox Acura, Dave White Acura, Acura of Troy, Ann Arbor Acura, Jeffrey Acura, and Suburban Acura.