Does Nissan Murano Hold Its Value? And Other Cost Considerations

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Most would agree that the Nissan Murano, starting at $31,000, is pretty good value-for-money in the mid-sized crossover class. However, even the best upfront deal can come back to bite you in the long run. Before you commit to buying it, you should ask does Nissan Murano hold its value?

 

That’s exactly the question we’re going to help you answer in a moment.

What factors influence a Nissan Murano’s resale value?

Being the responsible and knowledgeable car owner that you are, you probably know about most factors affecting your car’s resale value. The age, overall condition, mileage, and accident/service history are all givens.

 

If Fido happens to scratch some of your fine leather seats or you pick up a few nicks as your kids learn to drive, it’s going to hit you in the pocket.

 

However, news affecting your car’s brand, fuel prices, and new cars coming out can all affect the resale value. It’s these factors that you can’t really plan for, and you’ll just have to prepare yourself to be able to roll with the punches.

How fast does a Nissan Murano lose its value?

If you want a reliable car with a long lifespan, you buy Japanese. Knowing this, you might expect the Murano to do better than average when it comes to keeping its value.

 

In general, a car loses about 11% of its value the moment it drives off the lot. Throughout the first year, it can go down up to 30%. The first three years are when a car loses its value the most quickly. Afterward, the pace drops to about 10% per year.

 

For the last few years before the car reaches its 10-year milestone, the pace can go as low as 5 or 6%. After that, depreciation basically flatlines because the car is (usually) already at a third of its original value.

 

It’s worth noting that cars are depreciating at a slower rate as their quality and longevity are improving.

 

When considering does Nissan Murano hold its value, the good news for prospective owners is that this car does do slightly better than average.

 

Thanks to data from UsedFirst.com, we can see that the 2018 Murano lost on average 27.04% of its value in one year. Looking at older models, you can see that the pace of their depreciation dropped off significantly over the last year. The 2017 model only lost a further 5.37% while the 2016 model lost only 11.32%.

 

Looking at the 2007 model, the average value is depreciated to about a quarter of the original price.

 

From this, we can surmise that the 2017 model is a particularly popular option as it’s done an excellent job of holding its value.

What does that mean for me?

When we look a the average, we can plot out what your resale value might look like. If we factor in the handling charges, taxes, title charges, and license fees, the entry price for the 2019 Murano is about $36,000.

 

Let’s say you need to sell it after only the first year. You’re already looking at somewhere around $26,640. In three years, that figure will be in the region of $22,287.

 

If you manage to avoid any major incidents for around 10 years, which is considered the ideal situation, you could still get as much as $10,000. 

 

That could be a nice amount to put towards buying a brand new car.

 

If you’re paying down your car, remember to factor it into your financial analysis. Whatever you have left to pay will also need to be deducted from the value left after depreciation.

What will the running costs be for your Nissan Murano?

If depreciation and down payments aren’t enough, we have one more variable to add to your calculation. It’s well known that different brands and different models require more or less maintenance.

 

The cost of parts and the labor to work on that car can also vary. 

 

Luckily, Nissan is considered to be a reliable brand. Recent Murano models are also free from any major scandals or recalls. 

 

According to data from YourMechanic.com, the average maintenance cost of a Murano is about $361 per year. That’s for day-to-day maintenance as well as one or two hiccups. You might start to experience one or two major issues around the 10th year.

So, does Nissan Murano hold its value?

Looking at the information that’s available to us, it does seem like the Nissan Murano does an OK job of holding its value. Sure, it’s not a world-beater but when it comes to cars, the best you can do is try to make the best choice with the information you have and hope for the best. For all the data and all the number-crunching, we can’t account for the most telling factor when it comes to the question does Nissan Murano hold its value. The biggest factor is how well you take care of your car and how lucky you are in staying accident-free.

 

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