resale value
Used item's worth
Resale value is what something can be sold for after the original purchase.
The term appears most often with cars, houses, and other major purchases where future sale is anticipated: That color might hurt the resale value.
Good resale value means an item holds its worth over time; poor resale value means it depreciates quickly.
- wear and tearGradual damage from use
- low mileageFew miles traveled
- brand reputationPublic perception of company
- maintenance costsExpenses preserving functional condition
- provenanceRecord of ownership
limited edition · appraisal · real estate · estate sale · vintage appeal · durability · online marketplaces · scarcity · mileage · mint condition · appreciation · blue book · market demand · craftsmanship · inflation · valuation · warranty coverage · automobiles
- Auto Industryrecalls, dealerships, supply chain, emissions standards, safety ratings
- business termsfranchising, revenue stream, board meeting, gross margin, markdown
- buying factorsprice, cost, quality, brand, convenience
- franchisesfranchise, Star Wars, franchising, franchises, franchisor
- art marketauction, art prints, art dealer, limited editions, art sale
- used car valueblue book, Kelley Blue Book, depreciation, appraisal
resale valuedepreciation
Asset value reduction over time
worthlessness · write-off · sunk cost · obsolescence · devaluation
resale valuepurchase price
Money paid for acquisition
acquisition cost · sticker price · initial investment · retail price · cost basis