Top 10 Cars With The Best Resale Value
Are you planning to drive your car until the wheels fall off?
If you're like most people, you aren't planning to drive your car forever. And, like most of us, you probably don’t think about the resale value much, if at all. However, when thinking about trading, selling, or getting out of your car's lease early, it's important to know if your vehicle made the top list of cars with the best resale value.
We've done our research and came up with a conclusive list of the top 10 cars based on resale value.
It’s not surprising that a lot of folks buy a Toyota truck because of its excellent reliability and resale value. Why not? It’s one of the most popular pick-up trucks in North America, and just last year alone (2020), they sold 209,848 units in the U.S.A.
As for the specs, a base model manual Toyota Tacoma comes with a 2.7 liter 4-cylinder engine with 161 horsepower and 181 lb-ft of torque at 3800 RPM. But the 6-speed automatic transmission model features a 3.5 liter V6 engine that can deliver 278 hp and 265 lb-ft of torque at 4600 RPM. Quite impressive huh? Well, it can also tow up to 6800 pounds of weight.
The latest brand new Toyota Tacoma model retails at about $26,150 in the United States, and it features a three-year warranty. Thanks to its high residual value, you can easily resell it for about $16,000 if you keep it for 5 years.
The thing about Subaru is they have a very loyal following -- and for good reason -- they're very reliable. And when talking about Subaru's fleet of vehicles, it doesn’t get better than the Subaru WRX, an all-wheel-drive compact car that includes a 2 liter 4-cylinder direct injection factory turbocharged engine with an output of 268 hp. The WRX also comes in upgraded models.
While most performance cars will probably spin off into a ditch somewhere on slippery terrain, the Subaru WRX will maintain its control on snowy and treacherous roads. A must if you live in areas that get a lot of snow and winter weather.
The Subaru WRX's exceptional traction and all-terrain drivability is the result of full-time symmetrical all-wheel-drive, and not relying on a switch to all wheel drive when needed.
It's possible to buy a brand new four-door style Jeep Wrangler Unlimited for $31,795 (MSRP), and re-sell it after 5 years for about $20,000. Apparently, most four-door Jeep Wranglers shed about 30 percent of their MSRP price after 5 years.
Believe it or not, most Jeeps keep going even past 300,000 miles on the odometer. No wonder, a Jeep Wrangler doesn’t depreciate so quickly.
Talking of the bragging rights; the Jeep Wrangler has won on numerous occasions the “Best Resale Value Award” by Kelly Blue Book, a California based vehicle valuation company.
Not to mention, it holds the Guinness World Record for driving to the peak of the highest volcano mountain on Earth (21,804 ft altitude) back in 2007. If that doesn’t tell you its true off-road capabilities, nothing else will.
There is a running joke that a Porsche is basically a hedge fund. Although that is a little bit exaggerated, the Porsche Macan has one of the best resale values in the SUV category.
If you buy the latest base model Porsche Macan at the suggested price of about $50,000, you can sell it 5 years down the line for not less than $35,000.
The best part is, you don’t need to spend a lot of money trying to maintain a Porsche Macan. Of course, past 10,000 miles and you need to do regular maintenance like changing the oil, transmission fluid, brake fluid and spark plugs.
If you take care of it religiously, it could hit over 150,000 miles on the odometer without developing serious mechanical issues.
Chevrolet Silverado HD
Since it was introduced about 45 years ago, over 12 million Chevrolet Silverado pick-ups have been sold in the United States; hence it's regarded as one of the best-selling vehicles in North America. The latest Chevrolet Silverado HD (heavy duty) model is available in 2 options; gasoline and a diesel-powered engine.
The gas-powered model is fitted with a 6.6 liter V8 engine with direct injection that delivers 401 horsepower. On the other hand, the diesel model comes with a 6.6-liter turbocharged V8 powertrain that is rated at 445 hp.
A brand new Chevrolet Silverado HD will cost you anywhere from $34,000 to $36,000 depending on the trim level (2500 HD or 3500HD). If properly maintained, it can still be valued at 60 percent of its original price after 5 years of ownership.
The Toyota 4Runner is considered one of the safest SUVs in North America with a “good” rating on most impact test categories; as evaluated by the Insurance Institute for Highway Safety (IIHS). Besides that, it’s not unusual to find a Toyota 4Runner on the road with over 200,000 miles.
Under the hood, it comes with a 4 liter V6 power plant that puts out 270 hp and 278 lb-ft of torque. For the trim levels, you can choose a 2WD or a 4WD; although only the 5-speed automatic transmission is available on the latest models.
A brand new Toyota 4Runner will cost you about $36,000 to $40,000 depending on the trim level. If you can afford it, it's estimated to lose about 36 percent of its initial value after 5 years; which is better than average on our books.
Try to search for any used Nissan GTR and you would be surprised at how many 5-year-old GTR sports cars haven't lost much of their value. This is because the average depreciation rate of a Nissan GTR after 5 years is 39 per cent. Mind you, most regular cars lose their residual value by about 50 percent after 5 years.
But the Nissan GTR is different; the latest model is powered by a 3.8-liter V-6 twin-turbocharged engine that delivers 565 horsepower. Not to forget, it’s 195mph top speed is enough to throw your socks off!
If you can afford to buy a zero mileage Nissan GT-R at about $113,000, you could still be able to resell it for about $80,000 after 5 years.
Here is something interesting; Toyota Tundra was the first complete pick up to win the "Top Safety Pick" award by Insurance Institute for Highway Safety after passing every crash-test category.
Other than that, it has a reputation for going strong after 200,000 miles. Actually, somebody from Louisiana known as Victor Sheppard broke a record by clocking over 1,000,000 miles on a Toyota Tundra.
For what it’s worth, all the latest Toyota Tundra models are powered by a 5.7 liter V8 engine that delivers 381 horsepower and 401 lb-ft of torque. Better yet, you can supercharge it and increase the power to 504 hp.
Due to its better than average reliability, a Toyota Tundra will only lose about 41 percent of its residual value after 5 years.
Porsche 911 Convertible
There is something about the Porsche 911 that gets people immediately hooked. For starters, it’s comfortable, the chassis is perfectly balanced, it looks stylish enough to impress your date and when you rev the engine, it sounds like it was tuned by God himself. Of course, we can’t forget that it was built for endurance, speed and performance.
Sure, it’s expensive but if you can afford it, you will get a good value for your money. In fact, most Porsche 911 car owners prefer not to sell it since it’s one of those cars that people fall in love with.
However, if you decide to trade-in or sell it 5 years down the line, there is a high chance it will still retain 62 percent of its initial value.
Tesla Model X
When it comes to electric vehicles, the Tesla Model X has the one the lowest depreciation value in its category; followed closely by the Tesla Model S. On average, the Tesla Model X loses about 34 percent of its residual value after 3 years.
The low depreciation rate has something to with its popularity and the fact that you won’t find a lot of used Tesla Model X on the market. As it goes, the higher the demand and the lower the supply, the higher the price.
However, if you want to have the best resale value on a Tesla Model X, it’s better if you sell it after 3 years. Then again, it’s resale value will largely be dependent on its battery condition; the more the battery degrades, the lower the residual value.