12 Vehicles with the Best Resale Value
Resale value is an important factor to consider when buying a car, as the amount you will get if you decide to sell it back in the future will directly influence your decision. Resale value is a measure of how much a car is worth after several years of ownership compared to its original price. Researching resale value can help potential car buyers make more informed decisions and maximize their investment over time.
When looking for the best vehicles with the highest resale value, there are many factors that need to be taken into account, such as design, powertrain, drivetrain, interior amenities, and exterior features. To ensure accurate results, we conducted a survey of car dealerships around the country to identify those cars that hold their resale value best over time. In this article, we'll explore the twelve vehicles with the best resale value and discuss why these cars retain their worth so well.
Comparing Expected Resale Value by Vehicle Type
When assessing the resale value of vehicles, potential car buyers must consider more than just price. Factors such as design, powertrain, drivetrain, interior amenities, and exterior features all play a role in determining a vehicle's expected resale value.
Design is an important factor to consider when looking at resale value. Vehicles that are aesthetically pleasing and designed with an eye-catching style will hold their value better over time than those that lack aesthetic appeal. Likewise, powertrains also affect resale value. Cars equipped with higher-powered engines tend to retain their worth better than those with lower-powered engines.
The drivetrain of a vehicle also factors into its expected resale value. Front-wheel drive vehicles typically have better overall performance and will tend to hold their worth longer than rear-wheel drive or four-wheel drive vehicles due to their increased traction and stability. Comfort features such as heated seats or other interior amenities will increase a car's resale value significantly, whereas exterior features such as extra body panels or spoilers may not affect it much at all.
The Top 12 Vehicles with the Best Resale Value
1. Honda Civic
The Honda Civic is a popular sedan that has been around since 1972 and continues to be a top pick among car buyers. It offers reliable performance, good fuel efficiency, a roomy interior, and advanced safety features. The starting price range for the 2020 Honda Civic is between $19,750 and $28,650, and the expected resale value after five years of ownership is around $10,000 - $14,000.
2. Toyota Camry
The Toyota Camry has long been a fixture in the American carscape as it has consistently ranked as one of the most popular vehicles in the country since its introduction in 1983. It provides excellent fuel economy and a comfortable ride on top of many standard features such as Bluetooth audio connectivity and Apple CarPlay/Android Auto capability. The starting price range for the 2020 Toyota Camry is between $24,295 and $37,845, with an expected resale value after five years of ownership of approximately $13,500 - $18,500.
3. Subaru Outback
The Subaru Outback is a midsize crossover SUV that has been gaining popularity in recent years thanks to its versatile design and practicality. It provides a comfortable interior with plenty of cargo space, along with all-wheel drive capabilities that make it great for adventurous trips offroad or in poor weather conditions. The starting price range for the 2020 Subaru Outback is between $26,645 and $39,045, with an expected resale value after five years of ownership ranging from $16,200-$22,300.
4. Toyota RAV4
The Toyota RAV4 is a reliable and popular crossover SUV that has been around since the mid-1990s. It provides a comfortable ride, good fuel efficiency, and excellent off-road capability due to its standard all-wheel-drive system. The starting price range for the 2020 Toyota RAV4 is between $26,050 and $38,350, with an expected resale value after five years of ownership from $15,000-$20,600.
5. Honda CR-V
The Honda CR-V is a midsize SUV offering great value for money in terms of features as well as reliability and practicality. It provides a roomy interior along with excellent cargo space making it ideal for family trips or transporting groceries and other goods. The starting price range for the 2020 Honda CR-V is between $25,050 and $37,250, with an expected resale value after five years of ownership ranging from $12,800-$18,500.
6. Mitsubishi Outlander
The Mitsubishi Outlander is a midsize SUV released in 2001 that offers plenty of features at an affordable price point. It offers good fuel economy combined with modern technology such as Apple Carplay/Android Auto connectivity and driver assistance systems. The starting price range for the 2020 Mitsubishi Outlander s between $24,845 to$34,195, with an expected resale value after five years of ownership from $10,800-$15,700.
7. Kia Sorento
The Kia Sorento is a 7-seater midsize SUV released in 2002 that continues to be popular today thanks to its affordable pricing and impressive features such as leather interior seating and advanced safety systems like blind spot monitoring. The starting price range for the 2020 Kia Sorento is between $26,990 to $42,140, with an estimated resale value after five years of ownership ranging from $11,400 -$17,600.
8. Jeep Grand Cherokee
The Jeep Grand Cherokee has been around since 1993, but it still ranks among one of the most popular SUVs on the market today thanks to its rugged design, powerful engines, and off-roading capabilities. The starting price range for the 2020 Jeep Grand Cherokee is between $32,195 - $59,525, with an expected resale value after five years of ownership ranging from $14,700 -$23,200.
9. Chevrolet Silverado 1500
The Chevrolet Silverado 1500 has been around since 1999, offering American drivers durable, full-size pickups capable of hauling large loads. The starting price range for the 2020 Chevrolet Silverado 1500 starts at $28,560 up to $62,830, with an estimated resale value after five years of ownership ranging from $13,000 -$22,100.
10. Ram 1500
The Ram 1500 has been around since 2009, offering drivers exceptional powertrains along with luxury features like heated seats, remote start, and advanced tech options like adaptive cruise control. The starting price range for Ram 1500 starts at $$32800 up to $$62500)(with an estimated resale value after five years of ownership ranging from $14,900-$23,500.
11. Ford F150
The Ford F150 has long set the standard when it comes to full-size pickup trucks due to its popularity among truck buyers who want dependable performance over flashy designs. The starting price range Ford F150 starts at $28,155 up to $67,620 (with an estimated resale value after five years of ownership ranging from $13,900-$22,300).
12. Nissan Frontier
The Nissan Frontier is a midsize pickup truck first introduced in 1997 that offers reliable performance both on the road and off the road. Additionally, it comes complete with modern tech options like Bluetooth audio streaming, a 5-inch color display screen, and an aux jack audio input jack that will all add up when looking to calculate overall worth come time to sell your vehicle. The Nissan Frontier starts at $21,435 up to $36,460 (with an estimated resale value after five years of ownership ranging from $8,300-$14,100).
Future-Proof Your Car Purchase
Knowing a vehicle's resale value is an important factor to consider when buying a car. It can help potential buyers get more bang for their buck by being able to accurately assess the vehicle's long-term value and cost of ownership over time. By understanding resale value, prospective car owners can make better-informed decisions that will save them money in the long run.
