Which Models Retain the Most Value?
If you’re currently in the market for a car, we’re sure you’re not thinking about your next vehicle already. However, if you find that you tend to swap vehicles every five years, it may be smart to pursue a nameplate that retains much of its original value. All cars lose value the moment they’re driven off the car lot, and these vehicles tend to decrease in value over the next half-decade before plateauing a bit. Naturally, some of these vehicles’ values won’t decline as rapidly, making them superb targets. If you’re going to be selling your soon-to-be-purchased car in five years, these are the models you’ll want to target.
Whether you’ve been considering buying from a traditional dealership like Lindsay Honda vs. online.cars, it could be beneficial to see which specific models maintain the majority of their value. Below, we’ve explored an array of different types of vehicles that would fit this bill, providing you with some essential clarity before you begin shopping for that ride…
This particular nameplate may not be the most appealing, but there’s no denying that it’s one of the most practical offerings on this list. The 2017 Honda Fit is currently selling for just over $16,000, and experts believes that owners can expect the vehicle to retain about 29-percent of its value after five years.
Of course, that also means that the original owner has to “tolerate” the Fit for five years. Well, there certainly isn’t anything bad about that. After all, the subcompact version of the model delivers a surprising amount of cargo space, allowing owners to fit whatever school projects or sports equipment they need to squeeze in. The vehicle also promises a stress-free driving experience, and it naturally delivers excellent fuel efficiency numbers. Those specs should also play a crucial role in saving you some extra money at the gas pump throughout the ownership of your car.
2017 Subaru Legacy
The Legacy is already an excellent choice for those seeking a midsize car, but it’s also an ideal target for those looking to flip the vehicle in half-a-decade. Selling for just under $22,000, experts believe the 2017 model will retain 33-percent of its value after five years, and that extra $7,000 could be used towards your next car purchase.
Of course, we wouldn’t blame you if you wanted to hold onto the vehicle for a bit longer. After all, Subaru delivers one of the most comfortable commutes in the entire class, and their array of safety functions makes it an ideal family ride. Instead of opting for a larger SUV or minivan, the Legacy is the perfect choice for those seeking something just a bit smaller.
2017 Jeep Wrangler
This legendary nameplate would naturally earn a spot on this list, as prospective used car buyers are always searching for this model. The Jeep Wrangler’s popularity plays a significant role in the SUV retaining an incredible 47-percent of its value over five years. In other words, you can expect to receive at least $10,000 if you opt for a 2017 model.
However, after five years, you may find that you’re unusually attached to your Wrangler and don’t want to sell it. The vehicle is one of the premier options in its segment, and the nameplate is renowned for its off-roading prowess. Ultimately, you’d be hard-pressed to find a more enjoyable driving experience. Furthermore, the Jeep Wrangler is plenty customizable, as drivers can remove the top and add a number of exterior and interior amenities.
2017 Toyota Sienna
We know, we know. Minivans certainly aren’t the most desirable vehicles on the road. However, if you’re truly looking to maximize the return on your recently-purchased ride, then the 2017 Toyota Sienna would make an excellent choice. Specifically, drivers can expect to receive around 32.5-percent of the vehicle’s original value (about $30,000) when they sell it in five years.
In the meantime, these owners can enjoy everything the nameplate has to offer. Predictably, the Sienna delivers a whole lot of interior and passenger space, making your minivan the de facto school bus or moving vehicle. Furthermore, the V6 engine manages to pump out a whole lot of power, and the accompanying eight-speed automatic transmission helps to maximize the fuel economy.
2017 Chevy Silverado HD
We all love pickups, and the Silverado is the perfect choice for those seeking a new truck. The vehicle is already considered to be one of the top offerings in the segment thanks to it’s incredible towing and hauling ability. If you’re seeking the perfect vehicle for the worksite, then you truly couldn’t do much better than the 2017 Chevy Silverado HD.
More importantly, the vehicle retains an incredible amount of value. While customers will have to dish out more than $33,000 to acquire the 2017 model, they will be able to make much of their money back when they sell it in five years. Experts believe the vehicle will resell for more than 52-percent of its value, making it one of the premier re-sellers in the entire industry.
2017 Lexus RC
Often times, owners of luxury cars will find that their vehicle hasn’t retained much of its original value over the years. However, the 2017 Lexus RC is bucking that trend. The entry-level luxury car currently sells for just over $40,000, and owners can expect to receive more than $15,000 when they sell the vehicle in five years. In other words, you’ll still be able to recoup nearly 40-percent of the car’s value, which is an extraordinary number for this segment.
However, you may find that you’d just prefer to hang on to the vehicle. There’s no denying the nameplate’s style and class, and it’s undeniably the most luxurious car you could purchase for that price tag. Plus, the pair of powerful engines (which range from 306 horsepower to 467 horsepower) and an athletic driving experience leads to an enjoyable drive, as well.