Surprising Cars That Hold Their Value Best
When buying a car, many focus on the sticker price, fuel efficiency, and brand reputation. However, another crucial aspect to consider is the car resale value. Some vehicles depreciate rapidly over time, but there are a few surprises that manage to hold their value exceptionally well. Let’s explore these surprising cars that hold their value best.
Understanding Car Resale Value
Car resale value is a critical factor for anyone thinking long-term about their vehicle purchase. This value indicates how much a car will be worth when it’s time to sell or trade it in. Cars that hold their value well can save owners money in the long run and provide better investment returns.
Factors Influencing Resale Value
Several factors influence a car’s resale value:
- Brand Reputation: Certain brands are known for reliability and durability, which positively impact resale value.
- Condition: Well-maintained cars with minimal wear and tear hold their value better.
- Model Popularity: Cars that are in high demand tend to depreciate more slowly.
- Mileage: Cars with lower mileage usually fetch higher resale prices.
Surprising Cars With High Resale Value
Here are some vehicles that unexpectedly hold their value well:
| Car Model | Resale Value After 5 Years |
|---|---|
| Subaru WRX | 55.3% (Source: Kelley Blue Book) |
| Toyota Tacoma | 62.8% (Source: Kelly Blue Book) |
| Honda Ridgeline | 51.3% (Source: J.D. Power) |
| Jeep Wrangler | 70.6% (Source: iSeeCars) |
| Porsche 911 | 57.6% (Source: Kelley Blue Book) |
Subaru WRX
The Subaru WRX is a compact car known for its performance and all-wheel-drive capabilities. It’s favored by enthusiasts, which helps it maintain a strong resale value. According to Kelley Blue Book, the WRX retains 55.3% of its value after five years.
Toyota Tacoma
The Toyota Tacoma is a midsize truck that enjoys high demand among truck lovers. Its reputation for dependability and off-road prowess helps it retain a staggering 62.8% of its value after five years, according to Kelley Blue Book.
Honda Ridgeline
Honda’s Ridgeline defies expectations by combining the comfort of an SUV with the utility of a truck. As per J.D. Power, its unique design and versatility ensure it holds 51.3% of its value after five years.
Jeep Wrangler
The Jeep Wrangler is renowned for its ruggedness and adventure-readiness. Its iconic status and high demand make it a resale value champion, retaining an impressive 70.6% of its value after five years, based on data from iSeeCars.
Porsche 911
The Porsche 911 is a high-performance sports car that surprisingly holds its value better than many expect. According to Kelley Blue Book, it retains 57.6% of its value after five years, likely due to its blend of luxury and performance.
Key Takeaways
- Car resale value is an essential consideration for long-term vehicle investments.
- Factors influencing resale value include brand reputation, condition, model popularity, and mileage.
- The Subaru WRX, Toyota Tacoma, Honda Ridgeline, Jeep Wrangler, and Porsche 911 are some cars that surprisingly hold their value well.
- Models like the Jeep Wrangler can retain as much as 70.6% of their value after five years.
FAQ
- What is car resale value?
Car resale value is the estimated amount a vehicle will be worth when it’s time to sell or trade it in. - Why is car resale value important?
High resale value can save money in the long run by providing better returns on a vehicle investment. - Which car model has the highest resale value?
Among the surprising models, the Jeep Wrangler holds one of the highest resale values at 70.6% after five years. - What factors affect a car’s resale value?
Factors include brand reputation, vehicle condition, model popularity, and mileage. - Where can I find reliable resale value estimates?
Reliable sources for resale value estimates include Kelley Blue Book, J.D. Power, and iSeeCars.