Some vehicles cost a fortune but sell for a fraction of that price only a few years later. Other vehicles depreciate at a much slower rate, and they command a decent price even when sold five to ten years down the road. These are the vehicles you want to buy new if you want to resell them a few years later or buy used knowing they’ll still have significant value when you trade them in. Here are the 5 trucks and SUVs with the highest resale value.
Chevy Tahoe
The Chevy Tahoe was ranked as the top large SUV by US News and World Report. After three years, Kelley Blue Book says it is worth more than 50% of its purchase price. The Chevy Tahoe LTZ stands out as a luxury SUV with the space of a van and towing capacity of a truck.
Lexus LX 570
The Lexus RX has been one of the top selling luxury SUVs for twenty years. The LX 570 was rated the best at retaining its value for full size luxury SUVs by Kelley Blue Book. After three years, it retained nearly 60% of its original value. While it offers comfort and luxury amenities, it can also climb over rugged terrain like other SUVs, including some other luxury SUVs can’t take.
Subaru Forester
The Subaru Forester is a compact crossover. This car is a classic, now in its fourth generation. It handles itself well on and off-road. It offers plenty of space for the family and anything you need to take along. The broad appeal of the vehicle gives it a good resale value. After three years, it retains nearly two thirds of its original value. The 2015 Forester was number 2 on the NADA vehicle value retention report that year.
Honda HR-V
The Honda HR-V is a subcompact SUV crossover. It combines the fuel economy of a small sedan with the versatility of an SUV. It also stands out as having been affordable new and retaining its value after several years; this is partly because of Honda’s high reliability. HR-Vs haven’t been out for more than a few years, but the related Honda CR-V is worth nearly 60% of its original value after three years and 30,000 miles.
Jeep Wrangler
Jeep Wranglers stand out for retaining their value over the very long term. The average car loses a third of its value around the one-year mark. The average car loses fifty to sixty percent of its value by year five. Compare this to Jeep Wranglers that hold on to more than half their value even when more than five years old. There are also a variety of online suppliers like Jeep Seat Bracket that help keep the price for replacement parts low. This is why a Jeep with the right features, upgrades and maintenance will be able to maintain its value much better and will be much easier to sell.
In general, the SUVs and trucks that have the highest resale value are durable, rugged and high quality. They come with the best-in-their-class features out of the box while sporting both interior and exterior designs that are classics or are destined to become so.
