Introduction The 5 best cars for resale value
Purchasing a car is one of the most significant expenditure alternatives that a consumer gets to choose from. Depreciation varies from automobile to automobile whereby some brands lose their value at a slower rate than the others.
In this case the resale value assists in saving money when one decides to sell or trade –in the vehicle. Here below are 5 of the best cars you might want to aspire for as they will give you value even in the future.
1. Toyota Tacoma
A perennial market leader for midsize pickup trucks, the Toyota Tacoma has maintained its position through the years because of its reliability, durability and solid resale value.
According to Kelley Blue Book, the Tacoma has a 5-Year Cost to Own of more than 60%. Now even a decade later on the road, Tacoma models remain affordable with price tags that are only 30-40% off their suggested retail price.
The Tacoma can carry up to five people and is appropriate for both commercial and casual tasks. It is however offered as a 2WD and a 4WD and boasts of features such as automatic emergency braking system.
Regardless of which of these configurations you tally with, the Tacoma can go much beyond the 200000-mile mark. This makes it possible to sell it or even trade it in after a few years with the full knowledge that there is still much use out of it.
2. Jeep Wrangler
Contrary to most car models out there, the Jeep Wrangler has aged like a fine wine.
These are striking outdoors vehicles equipped with features such as fold off roof and doors, large wheels and sophisticated 4-wheel driving systems.
Owners of Wrangler also are associated with brand loyalty which means used models of cars also are in high demand in each consequent year.
iSeeCars data reveal that Jeep Wrangler has a 5-year resale value of up to 65%. Holy crap that’s an insane rate for such a utilitarian car that seems to be built for outdoor shenanigans. Purchasers appreciate the fact that while each model of the Wrangler brings out all necessary customization features, it is still a Jeep at heart.
As a result when you are trading in your Wrangler or selling it second hand, you are likely to get most of your initial cost.
3. Toyota 4Runner
Next in line after the Tacoma pickup is another Toyota known for its durability – the 4Runner midsize SUV. Just like the Wrangler, the 4Runner provides versatility for both off-road use and passenger capacity for perhaps between one and seven people.
Even after the 3 years of ownership, significantly almost 70% of the MSRP of a 4Runner model will remain intact. And the predicted 10 years resale value still ranges from 40-45% which again is higher than most of the crossover SUVs in the same category.
This contribution argues that Toyota engineering and brand loyalty are the main factors that have ensured that resale values remain this high. Easy to use designs with little technological intervention means less problems to fix as time goes by.
The 4Runner is also a vehicle that will find several types of consumers from the outdoor enthusiast to the expanding family. Thus, irrespective of the reason to sell in the future, this powerful Toyota SUV sale guarantees a great value.
4. Subaru WRX
Unlike other automobiles discussed above, the Subaru WRX is for drivers who want a rally car with the utility of commuting in a sedan. Consequently, by offering it to enthusiastic owners, the WRX does not lose its value year after year.
Kelley Blue Book data shows that each car’s value drops to 50% of its original sticker price after a 5-year old WRX.
Sitting under the boron steel hood are more than 260 hp turbo-charged SUBARU BOXER engine with Duratec engines combined with a performance tuned full-time Active All-Wheel Drive system paired with 6-speed manual transmission.
However, the WRX also does not skimp on today’s modern tech and safety options, available on the WRX directly from Subaru. The WRX is not intended to compete in the realm of hardcore off-roader vehicles but does present a bold exterior, along with excellent handling characteristics that new consumers will doubtless love.
5. Honda Civic
Rounding off the list of best resale value cars is the ever-green Honda Civic. This compact sedan model is among the most popular car models in the American market for many years largely due to its safety, efficiency and reliability.
Kelley Blue Book shows that Honda Civic after only 1 year of ownership holds over 73% of the initial MSRP. They can even be resold, within 5 years of use, at 45% of the new price of the item.
Currently in its 11th generation, the current Civics are the ongoing improvement with new updated look, useful tech-savvy elements, and proper fuel economy that comes to 40 mpg on the highways.
Another model, Honda, targets a broad range of consumers with anything from comfortable daily driver models up to the performance tuned Civic Type R.
These features assist to maintain high levels of demand and resell prices since the Civic targets a variety across the market segments.
Conclusion
As mentioned before, the data shows that the Toyota and Honda models stand out and clearly reign in the longest time cars are able to retain their value.
This is not a revelation, knowing the fact that the majority of Japanese brands have long term trustworthiness imprints on their head.
Jeep Wranglers and Subaru WRXs also make the list due to their durability and their Die-hard followers which increases resale value. Whether you plan on selling your car for a later on need or not it will prove useful to select a make with higher retained value since it will then enable you to get back as much money as possible back within automotive investment.
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