You know it all too well. When you buy a new vehicle, it depreciates as soon as you drive it off the lot. Often in the first year of ownership, your brand spanking new car can drop to just 60 percent of what you paid. Buying a car isn’t an investment.
But that doesn’t mean you have to lose a ton of money when you buy a car. Kelley Blue Book, perhaps the most renowned automotive valuation company out there, has done their research. And according to KBB, here are the top 10 vehicles to buy if you’re concerned about resale value.
The ONLY car on the list is the Subaru WRX. Every other vehicle is a truck or SUV. But the Subaru earns its place with its cult-like following. As one of the most impressive AWD cars available, the Subaru WRX is sought after by safety-conscious drivers and tuner enthusiasts alike. A unique interior and the impressive Boxer engine, not to mention the acclaimed WRX STi, are top features.
The Subaru WRX is forecast to retain 55.2 percent of its value after 36 months and 45.4 percent after 60 months.
Truth be told, this shouldn’t be a surprise. The latest incarnation of the Canyon brings sexy back to the business-class lineup. The gorgeous front grille is the nicest in the segment, and the Canyon is an honest-to-goodness truck, not a weak-sauce SUV variant. Want it in diesel? Yup, it’s got that too.
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The 2017 GMC Canyon is expected to retain 59.8 percent of its value after three years and 47.2 percent after five years.
The Canyon’s big brother beats it out for eight place. Like the Canyon versus Colorado battle, the Sierra is hands-down better looking than the Silverado. There’s just something about that front end… Inside, you’ll find a refinement that most makes have neglected, except its counterpart from Chevy. And with a trim level for everyone from construction runabout to Denali luxury, it has wide appeal.
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The 2017 GMC Sierra should retain 56.8 percent of its original value after 36 months and 47.5 percent after 60 months.
It comes as no surprise the Honda Ridgeline will hold its value, especially this brand new model. It’s a great blend of light truck capability and SUV styling and construction. Based off the Honda Pilot platform, it’s a primarily front-wheel-drive vehicle that drives like a car. That said, people love it. You’ll still see the in-bed trunk and dual-action tailgate, as well as an in-box inverter.
The 2017 Honda Ridgeline is forecasted to retain 64.4 percent of its original sale price after 36 months and 47.6 percent after 60 months.
The higher volume midsize truck from GM is the Chevy Colorado, so it makes sense that it’s also on the list. The previous generation was a pile of rusty junk, but this truck is a vast improvement. Say goodbye to the plasticky materials and hello to an assortment of tech features like 4G LTE WiFi and MyLink. And because it’s less expensive than the Silverado, it’s in higher demand, commanding great resale values.
The 2017 Chevy Colorado is expected to keep 61.3 percent of its value after three years and 48.1 percent after five years.
While there are more popular fullsize trucks on the market, none seems like a better buy than the Toyota Tundra. Its beefy, rugged exterior and no-nonsense abilities make it fun and reliable to drive. Inside, you’ll appreciate its relaxing demeanor. The Tundra keeps the layout simple without detracting from the features you want. And if you want a seriously luxurious ride, check out the 1794 Edition.
For 2017, the Toyota Tundra is forecasted to retain 60.7 percent of its sale price after 36 months and 49.0 percent after 60 months.
One of America’s most desirable vehicles, without a doubt. The Jeep Wrangler is iconic and has never compromised on its commitment to versatility. The Wrangler still has one of the highest-rated 4×4 systems and that familiar look. It’s customizable and a top choice among off-roaders and pavement pounders alike.
The 2017 Jeep Wrangler should keep 63.7 percent of its original value after three years and 51.1 percent after five years.
The 2017 Chevy Silverado loses the top-selling truck award to Ford, but doesn’t falter in its retained value. The Silverado is the workhorse for Chevy, especially with truck and SUV sales booming in the US. With 4G LTE WiFi as standard equipment, three awesome engine choices and a diverse selection of trim levels that spans from $27,000 to north of $60,000, there’s a Silverado for all price points.
The 2017 Chevy Silverado is expected to retain 61.8 percent of its selling price after 36 months and 52.2 percent after 60 months.
Like the Jeep Wrangler, the Toyota 4Runner is a true off-road legend. The newest version doesn’t forget that heritage, keeping true to its roots. The 4Runner is a truck-based SUV with great ground clearance and CRAWL Control. True trailblazers will lean toward the Toyota 4Runner TRD Pro with Bilstein shocks, skid plates and more. Oh yeah, and it’s damn sexy.
For 2017, the Toyota 4Runner is forecasted to retain 64.3 percent of its sales price after three years and 54.5 percent after five years.
Holding tight to first place yet again is the Toyota Tacoma. For 2017, the Tacoma continues with the fresh one-year-old design that’s both rugged and riveting. It’s powerful, able to handle virtually the same workload as a fullsize pickup, and perhaps the most fun pickup you can drive. Its fuel economy could be a bit better, but there has to be a flaw in this Mona Lisa somewhere, right?
The Toyota Tacoma depreciates very little over the first three years, declining to a steady 71.8 percent of its original value. After five years, the results are still strong with a resale value of 58.5 percent of its original price. And the fact that it’s one of the cheapest trucks to buy, the Toyota Tacoma is a sweet package.
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