7 Vehicles with Fantastic 5-year Resale Values
Like every other commodity, vehicles depreciate with time too. The value of some vehicles falls slower than others due to several factors: careful maintenance by their owners, brand reputation, sturdiness of the vehicles, and a minimal number of dents or accidents. When people buy automobiles and inevitably replace them after some years, these low-depreciation ones end up with high resale values. In no particular order, here are the vehicles with amazing 5-year resale values:
Jeep Wrangler
The Jeep Wrangler (and the four-door Jeep Unlimited) is a vehicle that has one of the lowest 5-year depreciation rates at 7.3%, which corresponds to a resale value of more than 90%. In fact, many resellers believe that its resale value is about four times higher than most cars on the road. In sharp contrast to the lithe sedans and hatchbacks one may frequently see on highways and city roads, the Wrangler is a big brute of an SUV with serious off-roading credentials. This SUV’s tank-like build quality means that it can survive most elements, while its butch styling keeps it relevant on the design front for several years. These attributes, combined with the Wrangler’s powerful engine and spacious cabin, make this vehicle an irresistible buy for many petrolheads globally.
Honda Accord
For years, Honda’s Accord has been lauded for its efficiency and reliability in performing day in and day out. With a depreciation of 21%, the classy sedan has a resale value of almost $30,000, even after five years of extensive usage. Like most Honda vehicles, the Accord is appreciated for its solid build, effective and long-lasting petrol and diesel engines, and its timeless, understated design. The car also comes with a well-built and insulated cabin and features like climate control, power steering, and a multi-speaker audio system. The car does well on the safety front too, with features like Anti-lock Braking System (ABS) and airbags available to buyers.
Toyota Tundra
The Tundra is an indestructible pickup truck built to last most conditions and roads, similar to other monstrous pickup trucks such as the Ford F-150, RAM 1500, and Silverado 1500. However, what the big Toyota has over those vehicles is that the average 5-year resale value of a Tundra (priced at around $39,660) is an incredible $29,000. This means that the Tundra retains about 73.3% of its value even after five years of hardcore utility. Note: All the prices and values specified in this article are subject to change. Apart from its formidable built and road presence, the Tundra also has many safety and convenience features for users. For instance, the vehicle comes with ABS, airbags, hill descent control, and an electronic stability program to enhance occupant safety. Among its convenience features are a stereo system and adjustable seats for its occupants. All in all, the Tundra redefines the all-weather vehicle with its endless list of quality attributes.
Subaru Crosstrek
The Crosstek is a compact crossover SUV that offers all-terrain driveability and slick mobility that is tailor-made for urban environments. In short, this is a car that is up for any challenge its users throw at it. Incredibly, the car is among the least depreciating vehicles too, which simply adds to its long list of qualities. The Crosstek is priced reasonably at about $27,000 and has a return value of about 61%, which is either equal to or more than all its segment rivals. The reason for its low depreciation rate is the car’s long track record of reliability. Very few users who buy the Crosstek complain about it in any way. The car’s long list of advanced safety features, comfort-driven equipment, and well-designed cabin are also reasons for its high resalable rates.
Ford Bronco
The Bronco is another large utility vehicle on this list. Such vehicles are generally built to last and perform superbly for many years if not decades. As a result, they have much high resale values and low depreciation rates compared to smaller budget cars and SUVs.
In the Bronco’s case, its 4X4 off-roading ability, combined with its high ground clearance, powerful and efficient engine, and beautiful cabin, contribute to its high resalability. The Bronco has a 5-year resale value of about 65.4% of its original price. This means that the vehicle will return almost $24,000 about five years after one purchases it for around $36,000, its current on-road price.
Regardless of whichever way one looks at these figures, they are incredible all the same, making the Bronco a favorite among buyers in the used car market. If the previous owner of a Bronco has maintained it well, then the SUV makes for an attractive buy indeed.
Chevrolet Corvette
Normally, sportscars are at the bottom of the ladder when it comes to resale values. Due to their incandescent performance, high maintenance amounts, and low reliability, these cars often depreciate faster than most other vehicles. However, two vehicles that buck that trend are the Chevrolet Corvette and Porsche 911. The Corvette has an incredible 80% resale value after seven years of usage. Due to its relatively low depreciation, this car ranks as arguably Chevrolet’s most reliable vehicle for buyers. Some of the reasons for this are the car’s incredible styling that retains its freshness even after many years, a powerful engine that does well on the longevity front too, and the vehicle’s user-friendly, feature-rich cabin.
Hyundai Palisade
Like Hondas and Toyotas, Hyundais also perform admirably when it comes to reliability. The gigantic Palisade SUV is no different in this regard. It has a 5-year resale value of about $31,580. This means that it has an incredibly low depreciation rate of about 33% over that period. This vehicle is known for its feature-rich cabin and tough build, among other attributes. Buyers of this vehicle generally tend to be satisfied with its luxury, performance, and safety aspects.
Some of the other high-resale value vehicles are the GMC Sierra 1500, the Porsche 911, and the Mazda MX-5 Miata.
