When buying a car, you must consider its resale value. It will help determine the automobile’s long-term worth and significantly reduce ownership costs. A brand-new car loses 9% to 11% of its value immediately after you drive it from the showroom and 60% in the next five years. This post details the vehicles with the best five-year resale value. You can refer to our list before making a purchase decision.
What is a vehicle’s resale value?
A vehicle’s resale value is the estimated monetary worth or value it retains over time, mainly when resold. In other words, it’s the amount you can expect to receive after listing the automobile in a used car market. A car’s resale value is influenced by various factors, such as its brand reputation, model popularity, overall condition, mileage, demand, and market trends. Vehicles with higher resale prices tend to depreciate slower, making them more desirable to buyers.
Vehicles with the best five-year resale value to consider
After the first year, a car’s value depreciates by 15% to 25% each year until it turns five. This shows the importance of calculating the resale price of any vehicle before buying it. Here are eight vehicles with the best five-year resale value you can consider driving home:
2023 Toyota Tundra (Resale Value: 73.3%)
The 2023 Toyota Tundra is a robust and reliable full-size pickup truck with a reputation for its exceptional resale value. Toyota sold around 94,429 Tundras in 2022, achieving a yearly growth of 15.71%. The vehicle boasts a comfortable interior, advanced safety features, and cutting-edge technology. It also has a strong track record for holding its worth. Data and statistics show its average five-year resale value to be 73.4%. This impressive figure solidifies the vehicle’s favorability as a wise investment for those seeking long-term ownership satisfaction.
2023 Toyota Tacoma (Resale Value: 66%)
The 2023 Tacoma has gained a strong reputation for retaining its value over time. Toyota saw a 6% decrease in Tacoma truck sales in 2022, selling 237,323 units that year. But this drop was due to a supply shortage and had nothing to do with the vehicle’s performance. A current resale value of 66% indicates buyers can expect a significant return on their investment when selling or trading in their Tacoma. Whether tackling off-road adventures or hauling heavy loads, the pickup truck offers high performance and reliability.
2023 Tesla Model X (Resale Value: 66%)
The 2023 Tesla Model X is a premium electric SUV known for its impressive performance and cutting-edge features. It has a sleek and futuristic design with advanced technology and spacious interiors. The car has a resale value of 66%, tying with the Toyota Tacoma. In 2022, there was a significant increase in preowned Tesla Model X car sales, with a yearly growth rate of 329.39%. This indicates the high demand for the variant in the used car market, making it a compelling choice for those seeking a long-term investment.
2023 Ford Bronco (Resale Value: 65.4%)
The 2023 Ford Bronco is a rugged and versatile SUV that pays homage to its iconic predecessor. It combines classic Bronco styling with modern features and capabilities, making it a sought-after choice for adventure enthusiasts and off-road lovers. Ford sold 38% more Bronco units in 2023 Q1 than in 2022 Q1. Even after five years of ownership, the vehicle retains approximately 65.4% of its original value, making it a standout choice for those looking to maximize their investment and minimize depreciation.
2023 Chevrolet Corvette (Resale Value: 65.3%)
The 2023 Chevrolet Corvette is a legendary sports car known for its performance, style, and cutting-edge features. In 2022, Chevrolet sold over 34,510 Corvette units, 4% more than the previous year. The 2023 model holds its ground impressively, with a resale value of 65.3% after five years. It delivers an exhilarating driving experience and boasts an elegant design and strong engine options.
2023 Toyota 4Runner (Resale Value: 64.4%)
The 2023 Toyota 4Runner has impressive features, including a powerful V6 engine, available four-wheel drive, a spacious interior with seating for seven people, and a towing capability of up to 5,000 pounds. It also has advanced safety features and a user-friendly infotainment system. With its robust build quality, reliability, and high demand, Toyota 4Runner remains a sought-after vehicle in the used car market. It has an outstanding five-year resale value of 64.4%.
2023 Honda Civic (Resale Value: 62.5%)
The 2023 Honda Civic is popular among compact car enthusiasts. Its reliability, fuel efficiency, and stylish design make it a long-standing favorite in the automotive market. In 2022, Honda registered a total sales of 133,932 Civic units in our country. The 2023 model holds its ground impressively, with a resale value of 62.5%. This figure indicates its desirability and the trust it instills in buyers.
2023 Ford Maverick (Resale Value: 61.7%)
The 2023 Ford Maverick is a versatile, compact pickup truck that combines functionality and fuel efficiency. It has an impressive resale value of 61.7%, making it a sought-after option in the automobile market. In 2022, the sales of Ford Maverick surged to 74,370 units, a remarkable increase of 461%. This affordable and capable truck offers a range of notable features, including a spacious interior, advanced safety technologies, and efficient hybrid powertrain options.
Remember, purchasing a car is not just about the initial price but also the long-term ownership costs. The resale value directly impacts the overall expense of purchase and maintenance, making it an essential factor to consider during the buying process.
An individual puts in a lot of research when buying a pickup truck, such as its ability to transport heavy loads or ride on unpaved terrains. They may also check to see if the vehicle comes with all the latest features in the market. Another essential element that people look for in a pickup truck is safety. While there are multiple choices available, here are some of the safest pickup trucks to buy in 2023.
Ram 1500
The Ram 1500 is one of the safest pickup trucks in the market today and comes with a host of available driver-assistance technology. This includes lane keep assist and automatic emergency braking. The automobile also received a five-star overall safety rating from the National Highway Traffic Safety Administration (NHTSA). The price of the pickup truck starts from about $38,000 for the base trim. Customers could also get safety features such as blind-spot monitoring and rear cross-traffic alert at an additional price. Other available features include adaptive cruise control and automatic high-beam headlights. The base trim comes with a 3.6L Pentastar® V6 engine with eTorque. This setup is capable of generating up to 273 lb-ft of torque and 305 horsepower. The standard engine is also capable of hauling more than 7,000 lb. of loads, which is impressive when compared to its price tag.
Jeep Gladiator
The Jeep Gladiator is one of the most impressive trucks known for its stellar towing capacity while maintaining the pickup design. The automobile starts at about $39,000 but could cross the $55,000 mark for the top variant. At that price, the base model is equipped with a 3.6-liter V-6 that produces 285 horsepower and 260 lb-ft. of torque. This setup is capable of hauling up to 4,000 pounds. On the safety front, the pickup truck comes with standard side curtain airbags on select trims for both first- and second-row passengers. Other trims come with a front-facing camera that is useful when going off-road, over rough rocky terrain. Optional features include a blind-spot monitoring system, adaptive cruise control, and rear parking sensors.
GMC Sierra 1500
The GMC Sierra 1500 has earned an impressive five-star overall rating from the NHTSA. Each of the Sierra trims is equipped with standard safety essentials like blind-spot monitoring, emergency braking, and automatic high beams. One could also go for adaptive cruise control and a 360-degree view camera system with higher trims. The stellar pickup truck starts at $38,000, with a 2.7L turbo high-output engine delivering 310 horsepower and 430 lb.-ft. of torque. But one could opt for the highest variant over $82,000 for a powerful 6.2L V8 Gas engine. Also, an Enhanced 3.0L Duramax Turbo-Diesel engine is available for an additional price.
Ford F-150
Ford creates some of the most reliable and desirable pickup trucks, and the F-150 is by far one of the best we’ve seen in 2023. A few noteworthy standard features of the pickup truck include a rearview camera with dynamic hitch assist, standard airbags, curve control, and a tire pressure monitoring system. Other features that make the automobile safe include a perimeter theft alarm, SecuriLock® Passive Anti-Theft System, and an SOS post-crash alert system. The vehicle has also received a five-star overall NHTSA safety rating, which ought to relieve some amount of stress when on the road. Coming to the price, the base trim of the Ford 150 starts from about $33,000, which is competitive in comparison to other pickup trucks in its segment. One could also go for the fully loaded trim of the F-150, which starts at about $76,000.
Ford Ranger
Another popular pickup truck known for maintaining its safety is the Ford Ranger. This starts at about $32,000, which is indicated for customers who desire a good pickup truck at a reasonable rate. The base model of the range comes with basic driver-assistance features, such as a forward-collision warning and an automated emergency braking system. More advanced technology comes in on the higher trims. However, these available features are still more affordable when compared to other vehicles in the segment. One could opt for the available blind-spot monitoring, adaptive cruise control, and rear cross-traffic alert systems based on the trim they pick.
Chevrolet Silverado 1500
With a starting price of about $37,000, the Chevrolet Silverado is one of the top safety picks to consider. The vehicle comes with a standard TurboMax® engine that can churn out up to 310 horsepower and about 430 lb.-ft. of torque, which is sufficient power to go the extra mile and haul significant loads. However, the key aspect in focus here is its safe structure, which earned a 5-star overall rating by the NHTSA. A few notable standard safety elements on the Chevrolet Silverado 1500 are the forward collision warning and automated emergency braking system, lane-departure warning, and lane-keeping assist. Blind-spot monitoring and rear-cross-traffic alert are also standard on the pickup truck.
Honda Ridgeline
Starting at $39,000, the Honda Ridgeline is yet another pickup truck that is also safer in the city and on the highway. It performs well in NHTSA safety testing, with a five-star overall rating, and also received good ratings by the IIHS in most safety evaluations. What makes it worth the price on the safety front are the standard features like automatic emergency braking, automatic headlights, and lane-keeping assist. One could also consider going with the automatic high beams on offer for better visibility on the road. Apart from safety, the vehicle comes with a comfortable driving experience, with a spacious cabin and weatherproof below-the-bed cargo box.
Safety is one of the most crucial factors when it comes to choosing a vehicle. With advancements in automotive technology, SUVs have become a popular choice for families, individuals, and adventure enthusiasts alike. This guide explores the top 15 safest SUVs available today, offering a look at their key safety features and technologies. From crash-test performance to advanced driver-assistance systems, these vehicles prioritize driver and passenger safety without compromising on style, comfort, or performance.
Subaru Outback
The Subaru Outback stands as a testament to Subaru’s dedication to safety. Equipped with the EyeSight Driver Assist Technology, it offers features like adaptive cruise control, pre-collision braking, and lane departure warning. These elements work in tandem to provide an extra layer of protection. The Outback is lauded for its spacious interior and impressive cargo space, making it an ideal choice for families and outdoor enthusiasts.
Volvo XC60
The Volvo XC60 is a paragon of safety, boasting features like automatic emergency braking, lane-keeping assist, and a comprehensive airbag system. Its elegant design and high-quality materials contribute to a luxurious and secure driving experience. The XC60 prioritizes collision avoidance and protection, making it an excellent choice for those who value safety without compromising on style.
Toyota RAV4
Toyota’s RAV4 is a pioneer in safety, featuring the Toyota Safety Sense 2.0 suite. This has features such as adaptive cruise control, lane departure warning, and pedestrian detection. These technologies work harmoniously to minimize the risk of accidents, ensuring the safety of both drivers and passengers. With a reputation for reliability and great resale value, the RAV4 is a practical and secure choice.
Honda CR-V
The Honda CR-V is a versatile SUV with advanced safety features like forward collision warning, lane-keeping assist, and adaptive cruise control. These technologies enhance both driver and passenger safety, making the CR-V an excellent choice for individuals and families seeking a secure ride. Additionally, the CR-V offers a spacious and well-designed interior for maximum comfort during long journeys.
Mazda CX-5
The Mazda CX-5 combines engaging driving dynamics with impressive safety features. Equipped with i-Activsense, Mazda’s suite of advanced safety technologies, the CX-5 includes features like blind-spot monitoring, adaptive headlights, and rear cross-traffic alert. These systems work cohesively to mitigate the risk of accidents and collisions.
Audi Q5
The Audi Q5 seamlessly blends luxury with safety, offering a premium SUV experience without compromising on security. With advanced driver assistance systems like Audi pre-sense city and rear cross-traffic assist, the Q5 provides an extra layer of protection on the road. Its quattro all-wheel drive system enhances stability and control, ensuring a safe and confident driving experience in various conditions.
Mercedes-Benz GLE
The Mercedes-Benz GLE epitomizes luxury and safety. Loaded with the latest safety features, including things like attention assist, active brake assist, and blind spot assist, the GLE leaves no stone unturned when it comes to safeguarding its occupants. Its sophisticated technology and meticulous engineering provide a secure driving experience.
Jeep Cherokee
The Jeep Cherokee strikes a balance between ruggedness and safety. The Jeep Cherokee strikes a balance between ruggedness and safety. Sporting advanced safety features like adaptive cruise control, forward collision warning and warning for lane departure, it ensures a secure ride both on and off the road. The Cherokee’s sturdy build and off-road capabilities complement its safety features, making it a fantastic choice for adventurous souls who prioritize safety.
Ford Escape
The Ford Escape boasts a comprehensive suite of safety technologies, including the Ford Co-Pilot360. This includes features like blind-spot monitoring, automatic emergency braking, and rear cross-traffic alert. These systems work in tandem to provide an added layer of security on the road. With its plush interior and ample cargo space, the Escape is a good choice for families seeking a safe and practical SUV.
Chevrolet Equinox
The Chevrolet Equinox is designed with safety in mind, featuring an array of advanced safety technologies. The Equinox is equipped with features like lane keep assist, forward collision alert, and rear park assist, and it offers a secure driving experience. Its spacious interior and user-friendly infotainment system further enhance its appeal, making it a solid choice for safety-conscious families.
Nissan Rogue
The Nissan Rogue prioritizes safety with its Nissan Safety Shield 360 suite of features. This includes automatic emergency braking, blind-spot warning, and rear cross-traffic alert. These systems work harmoniously to enhance driver and passenger safety. The Rogue’s carefully crafted interior and smooth ride quality add to its appeal, making it a reliable choice for those seeking a secure SUV.
Hyundai Tucson
The Hyundai Tucson comes equipped with a host of safety features, including forward collision avoidance, lane-keeping assist, and driver attention warning. These technologies work cohesively to minimize the risk of accidents and collisions. With its comfortable and spacious interior, the Tucson offers a secure and enjoyable driving experience, making it a commendable choice for safety-conscious buyers.
Kia Sportage
The Kia Sportage is engineered with safety as a top priority. Equipped with advanced driver-assistance features like lane departure warning, forward collision avoidance, and blind-spot detection, it provides a secure driving experience. The Sportage’s comfortable and well-appointed interior, along with its user-friendly infotainment system, further contribute to its appeal as a safe and practical SUV.
Subaru Crosstrek
The Subaru Crosstrek is renowned for its safety features, earning high marks in crash tests. Subaru’s EyeSight Driver Assist Technology, includes adaptive cruise control and pre-collision braking, so the Crosstrek is equipped to mitigate potential accidents. Its all-wheel-drive system further enhances stability and control. The Crosstrek’s versatility, along with its impressive safety credentials, makes it a strong contender in the safety-focused SUV category.
Mazda CX-5
The Mazda CX-5 is designed with a comprehensive suite of safety features, including Mazda’s i-Activsense technology. This includes advanced features like adaptive cruise control, lane departure warning, and blind-spot monitoring. These systems work in unison to provide an extra layer of protection. The CX-5’s upscale interior and engaging driving dynamics add to its appeal, making it a desirable choice for those seeking both safety and style.