The depreciation in the value of a car is inevitable. Yet, resale value is considered to be an important factor when purchasing as well as selling it. A car whose value depreciates faster than its competitors in the same category may cost a car owner more money in terms of trade-in value. Or one may end up owing more than the worth of the car if a long-term car loan is taken.
This is because such loans are usually given on the basis of the resale value. While keeping these in perspective, choosing a vehicle with a good resale value for the long term is important. Here are some popular cars with a high five-year resale value, which is the percentage of the original value or the sale price after five years of use:
1. 2023 Toyota Tundra
This full-sized pickup truck has one of the highest resale values, at around 73%. Thus, a Toyota Tundra owner can expect to get about 73% of the original price after five years of purchase. With the starting price being approximately $36,965, this vehicle is available in 5 trims: SR, SR5, Limited, Platinum, and the 1794 Edition. Each of these trims combines a rugged exterior with comfortable cabin interiors. Although none of the trims have V8 engines, the Tundra offers two powerful engine choices: the i-Force twin-turbo V6 and its i-Force Max twin-turbo V6 hybrid powertrain.
2. 2023 Tesla Model X
The Tesla Model X is a good option for those looking for an electric luxury SUV with good resale value. While the starting price is around $79,990, it can earn about 66.0% if one resells it after five years. Its faster version, the Plaid variant, has an MSRP of around $89,990, with a similar resale value of about 66%. With an impressive seating capacity of seven people, this car exudes high tech with high style and performance. It promises a maximum range of about 348 miles.
3. 2023 Subaru Forester
The Subaru Forester is a compact SUV with a starting price of $26,395. Its resale value is around 60.6%. The pricing is quite competitive in this category, as the Forester was revamped completely from its previous versions. Yet, it continues to promise a safe and solid driving experience and provide strong value for money. Considered one of the best SUVs, this vehicle has become a popular choice for those looking for a reliable family car.
4. 2023 Ford Bronco
This tremendous off-road SUV has a starting price of around $32,295. It offers the right balance of technology, capability, and comfort. This is evident from the perfect off-the-road experience as well as ultimate comfort on city roads. This is thanks to its Terrain Management System with GOAT (Goes Over Any Terrain) modes, which enable the Bronco to optimize shift points, steering, and throttle mapping based on any terrain selected. Moreover, it has the added benefit of a high resale value of around 65.4%. This significant resale value is applicable across all its trims: Big Bend, Black Diamond, Heritage, Badlands, Wildtrak, Everglades, Heritage Limited, and Raptor.
5. 2023 Chevrolet Corvette
In the category of sports cars, the Chevrolet Corvette is known to have one of the top resale values. While the starting price is around $61,900, a Corvette owner can expect to recover nearly 65.3% of the value during a resale. This percentage applies to both trims: the original Stingray and the latest Z06. In addition to the excellent resale value, this car has several other notable features. It is stylish with its sleek, muscular exterior and promises stellar performance. Car buyers can choose between two engines: a 6.2-liter V8 and a 5.5-liter V8.
6. 2023 Honda Civic
Known as one of the highest-rated compact sedan cars, the Honda Civic has been a popular best-seller for many years. Along with its reliability, it offers the benefit of a great resale value of approximately 62.5%. Thus, a Honda Civic owner gets the best value for their money’s worth while purchasing as well as during the resale of the car. This is true across all its trims, including the LX Sedan, LX Hatchback, Sport Sedan, Sport Hatchback, EX Sedan, EX-L Hatchback, Touring Sedan, and Sport Touring Hatchback.
7. 2023 Toyota Tacoma
Owners of this midsize pickup truck can expect to earn about 66% of the original value if they choose to resell it after using it for five years. With such a significantly high resale value, the Toyota Tacoma has become the best-selling truck in its category. Moreover, its popularity has also resulted from its stellar off-road and on-road performances. Thus, it is perfect for day-to-day commutes and mud-spattered rock-climbing adventures. With a starting price of approximately $27,250 for the base trim, this mid-size truck is available across four trims: SR, SR5, TRD Sport, and TRD Off-Road.
8. 2023 Subaru Crosstrek
With a starting price of about $23,645, the Subaru Crosstrek is one of the most affordable subcompact SUVs. Moreover, its resale value of 61.0% makes it a good choice for those looking to make a solid investment in their car. Based on its features, it stands out from the crowd with its fuel efficiency, excellent safety scores, and good off-the-road capabilities. In addition, its popularity as a sensible choice for daily commutes among consumers is undeniable. This is all due to the smooth driving experience and the comfortable and relatively quiet cabin that is spacious and ergonomically designed.
9. 2023 Ford Maverick
This compact pickup truck has a resale value of approximately 61.7%. With its MSRP starting at about $22,195, this resale value can be a good deal, especially for those looking for an affordable pickup truck. However, the latest models have newer features, such as the Tremor Off-Road package. This feature incorporates suspension setup, under-body protection, and Trail Control, a system for managing tricky terrain. All of these take the off-roading capabilities of this pickup truck to the next level. Plus, the Tremor versions of the Maverick come with a raised ride height that is higher than the standard trim. In addition, it comes with an advanced all-wheel-drive system.
