There’s no doubting that, in most cases when we buy a car, the value is just going to decrease over time.
On average, you lose 21% of the value in the first year of ownership on a new model. That’s a fifth of what you paid — gone.
So how can you avoid this problem? Well, not every car has such terrible depreciation. Some cars actually have a pretty good resale value.
That’s where we can help. Here’s a list of the 5 cars with the best resale value so you can make the right choice when you’re shopping for a new vehicle.
When you start looking at cars that retain value, you should consider a pickup truck like the Toyota Tundra. It’s spacious and it’s powerful.
Starting at around $30,000, the average resale value of the Tundra is around 80% after a few years of ownership.
You can buy a Tundra with either two-wheel drive or four-wheel drive. It also comes with tech comforts and safety features like collision warnings and automated braking systems.
Need something more impressive?
A Jeep Wrangler retails at around $30,000, but you shouldn’t lose much of your cash in depreciation, thanks to resale values that range from 80% to over 100%.
If you need a vehicle for hard environments, a Jeep Wrangler is perfect. It’s four-wheel drive, with a high clearance to be able to cope with any kind of terrain, and it’s got plenty of trunk space for your goods.
A family car like the Subaru Impreza is another good alternative to consider from this list of the best cars that hold value.
It’s fuel efficient, with an average 30 miles per gallon. It’s also great value for resale at around 80%, with a starting cost of around $18,000.
Want all the trimmings? The Impreza has them, with an inbuilt entertainment system, rear cameras, and a high-quality interior.
An all-American vehicle like the Chevrolet Silverado is one of the best selling cars in the US, and it’s another great pickup cars that retain value.
Buying the Chevy Silverado starts at around $32,000, brand new. It’s filled with mod-cons like satellite radio and built-in wifi hotspots for your cell, along with an extensive entertainment system that includes Bluetooth connectivity.
And it’s resale value? Around 80% after a few years ownership, so you won’t lose much when you decide to upgrade.
If you choose a truck like the Silverado, why not jazz it up a little? Here are 8 truck mods that look cool and are definitely worth the investment.
Need something middle-of-the-road, with comfort and power combined?
Consider the Toyota Highlander.
Starting at just over $30,000, the resale value for this vehicle is around 70%. It’s a crossover, so it’s an SUV without the size, but with the features of smaller cars included.
It’s quiet, with an inbuilt entertainment system, leather seating, and climate control, amongst other impressive features for the price. If you’re looking for a new car with a good car resale value, it’s a strong choice.
Of course, you’ll need to sell your current vehicle first! Check out cashautosalvage.com/best-car-resale-value/ to get a great value for your old car.
Invest in Cars with the Best Resale Value
By choosing one of these vehicles, you can end up saving yourself a lot of money when it’s time to upgrade again.
Investing in cars with the best resale value is a smart choice for your finances, and in some cases, you can actually retain 80% or more of the value to reinvest in another car later.
Doesn’t sound too bad, does it?
Of course, the best way to do that is to keep your car in the best condition possible. If you need help with repairing your vehicle, check out some of our auto repair help guides.