SUVs with the Best Resale Value after 5 Years
Introduction
When it comes to purchasing a new SUV, many factors come into play, such as performance, safety, and fuel efficiency. However, one aspect that is often overlooked but equally important is the vehicle’s resale value. Resale value refers to the amount of money you can expect to get back when you sell your SUV after a certain period of time.
Quick Facts
- Best Resale Value Luxury large SUV – Lexus LX 570 (63% 5-yr resale value)
- Best Resale Value crossover SUV – Subaru Crosstrek (69.8% 5-yr resale value)
- Best Resale Value luxury crossover SUV – Lexus UX 200 (66.4% 5-yr resale value).
The Importance of Resale Value
Why should you care about resale value? Well, a high resale value means that your investment in the SUV will hold its worth over time. This is particularly important if you plan to sell or trade-in your vehicle in the future. A vehicle with a good resale value can help you save money in the long run.
Factors Affecting Resale Value
Several factors contribute to the resale value of an SUV. These include the brand reputation, reliability, demand in the used car market, and overall desirability. Additionally, factors like mileage, condition, and maintenance history also play a role in determining the resale value of a vehicle.
SUVs with the Best Resale Value
Now, let’s take a look at some of the SUVs that have consistently shown strong resale value after 5 years:
1. Toyota 4Runner
The Toyota 4Runner has long been known for its durability and off-road capabilities. With its rugged design and reliable performance, the 4Runner holds its value exceptionally well. Its high demand in the used car market and Toyota’s reputation for reliability contribute to its strong resale value.
2. Subaru Outback
The Subaru Outback is a popular choice among SUV buyers who prioritize safety, versatility, and fuel efficiency. Its reputation for reliability and strong resale value make it an attractive option for those looking to invest in a vehicle that will retain its value over time.
3. Honda CR-V
The Honda CR-V has consistently been one of the best-selling SUVs in the United States. Its practicality, fuel efficiency, and reputation for reliability contribute to its strong resale value. The CR-V’s wide appeal and high demand in the used car market make it a smart choice for buyers concerned about resale value.
4. Jeep Wrangler
The Jeep Wrangler is an iconic SUV known for its off-road capabilities and rugged design. Despite its high depreciation rate in the first few years, the Wrangler holds its value remarkably well after the 5-year mark. Its strong resale value is driven by its loyal fan base and high demand in the used car market.
5. Lexus RX
The Lexus RX combines luxury, comfort, and reliability, making it a sought-after choice in the SUV segment. With its high-quality craftsmanship and reputation for dependability, the RX retains its value significantly well over time. The strong resale value of the RX is a testament to its desirability and overall appeal.
Tips for Maximizing Resale Value
While choosing an SUV with a strong resale value is important, there are also steps you can take to maximize the value of your investment:
- Regularly maintain your SUV by following the manufacturer’s recommended service schedule.
- Keep your SUV clean and well-maintained both inside and out.
- Avoid excessive mileage and unnecessary wear and tear.
- Consider purchasing popular colors and trim options that have higher demand.
- Keep all service records and documentation to prove the vehicle’s maintenance history.
Conclusion
When purchasing an SUV, considering its resale value after 5 years is a wise decision. The Toyota 4Runner, Subaru Outback, Honda CR-V, Jeep Wrangler, and Lexus RX are among the SUVs that have consistently shown strong resale value. By choosing a vehicle with good resale value and following the tips mentioned, you can make a smart investment that holds its worth over time.
