The Lexus GX Has Amazing Resale Value
When buying a new car, the purchase price and insurance cost are only part of the equation. Depreciation is typically the highest cost of car ownership, and some vehicles lose value faster than others. You want to factor in resale value when car shopping, as this shares traits with long-term reliability, consistent market demand, and a strong reputation. Here are the 20 cars with the best resale value.
1. Toyota Tacoma
The Tacoma has one of the strongest resale values of any vehicle in the country. Its reputation for durability, off-road capabilities, and low maintenance costs is well-earned. This vehicle consistently performs in the used car market. Furthermore, supply is often lower than demand, which pushes up the price.
2. Toyota 4Runner
The 4Runner's construction, V6 engine, and rugged design and capabilities make it a favorite on the resale market. It's especially popular with buyers who favor durability over modern tech. A relatively simple platform has made it a hot commodity on most resale markets.
3. Toyota Land Cruiser
The Land Cruiser has excellent resale value due to its durability and limited U.S. stock. With proper maintenance, it can last decades, and its demand often exceeds its supply. Even high-mileage models fetch a high price on the resale market.
4. Toyota Corolla
Corolla's strong resale game is due to its simplicity, reliability, and ongoing demand. It's one of the most trusted cars on the market, making it easy to sell at almost any mileage. The Corolla also comes with low ownership costs, fuel efficiency, and a record of reliability.
5. Toyota Camry
The Camry benefits from being one of the most trusted mid-size sedans in the country. It offers comfort and reliability and has widespread appeal across demographics. Camrys can handle high mileage with relative ease, helping keep resale prices high.
6. Honda Civic
The Civic will always be a player on the resale market because of its strong performance. Used car buyers view it as dependable for a family or as a strong commuter option. The Civic ages gracefully, losing value slowly over time, compared to many competing midsize sedans.
7. Subaru Outback
Thanks to the Outback's loyal customer base, standard all-wheel drive, and safety reputation, its resale value carries less risk of depreciation. Buyers in colder climates look for Outbacks, keeping the demand strong. The Outback also has some uniqueness because of its blend of utility and crossover capabilities.
8. Subaru Crosstek
The Crosstek maintains its resale value long after one drives off the lot. Its popularity on the resale market can be traced to its affordability, AWD standard, and the perspective that it's oriented for the outdoors. The Crosstek appeals to a certain type of used car buyer, which maintains its demand.
9. Jeep Wrangler
The legendary Wrangler holds resale value in the long run. Its timeless design, off-roading abilities, and potential for customization make it desirable to used car buyers.
10. Porsche 911
Let's be honest, the used car market isn't flush with Porsche drivers, but the 911 is one of the few sports cars that holds excellent value even as the mileage increases. Buyers trust the 911's longevity compared to other cars in its class.
11. Lexus GX
The GX offers a V8 engine in earlier models in addition to off-road capabilities and strong resale value. Buyers love its durability and understated luxury. Its reliability gives used car buyers confidence that they are getting their money's worth.
12. Lexus RX
The RX is arguably one of the most popular luxury SUVs in the country, which contributes to its resale price. Buyers appreciate its reliability, durability, and comfort. Additionally, it comes with low maintenance costs.
13. Ford F-150
America's best-selling truck holds exceptional value, especially in certain trims and configurations. Its wide availability of parts, excellent towing capability, and overall reliability keep demand at a good level.
14. Chevrolet Silverado 1500
The Silverado's resale value is attributed to its customers' brand loyalty and commuting and personal applications. Properly-maintained models are in high demand even if they carry high mileage.
15. Toyota Highlander
The Highlander's resale value is appropriately high because of its family-friendly design and reputation. It also boasts strong safety ratings and is considered one of Toyota's more reliable vehicles. Once again, Toyota's conservative design choices help make its models feel relevant for longer.
16. Honda Accord
The Accord combines long-term reliability with strong performance and excellent interior comfort. On the used car market, it's treated as a familiar and dependable family car or ideal for commuters.
17. Toyota RAV4
The RAV4 is consistently one of the best-selling vehicles in the U.S., and that popularity translates well to the resale market. It's super efficient and offers broad appeal to drivers. Hybrid variants also have good resale value.
18. Mazda CX-5
The Mazda CX-5 has a resale value that surprises many people. With its strong reliability ratings, upscale interior, and handling, the CX-5's resale demand beats that of many of its competitors. It also helps that it doesn't come with premium maintenance costs.
19. Tesla Model Y
The Model Y's resale value is tied to its demand and limited segment competition. Its tech appeal and strong performance pique the interest of used car buyers. In states with high EV adoption, the Tesla Model Y is tough to keep on used car lots.
20. Toyota Tundra
Another Toyota vehicle that offers excellent resale value. Similar to other Toyota models, it's reliable and offers exceptional handling. Even those with high mileage aren't prone to major mechanical issues compared to similar models from other brands.
