Top 5 SUVs That Maintain Resale Value Nov 17, 2016 by Cedric (Driver Weekly)
Before buying a new car, everyone should consider every aspect of the vehicle, including its resale value. Most people will eventually replace their vehicle for a newer one, even if it is five or ten years down the road. When you buy a new car, you want to resell or trade your old vehicle and recoup the largest possible portion of what you originally paid. Even if you plan to drive your next vehicle until it stops working, resale value can be a great indication or reliability and durability. The following SUVs are the best at retaining their resale value based on the 2016 awards by Kelley Blue Book.
SUVs designed for heavy-duty use are some of the best at retaining their resale value. The Toyota 4Runner is a tough midsize sport utility vehicle that is one of the longest-lasting vehicles on the market. Not only does it stay on the road, but it also maintains its value. After 36 months, the 4Runner still has 66.7 percent of its value. Even at 60 months, it has 60.3 percent of its original value.
Jeep Wrangler and Wrangler Unlimited
The Jeep Wrangler is more than just a rugged and capable SUV ready for anything. This model is also great at holding its resale value. Kelley Blue Book estimates that the 2016 Wrangler will have a resale value of 65.6 percent at 36 months. By 60 months, this only drops to 54.9 percent. The more upscale Wrangler Unlimited also has an excellent resale value, with 66.8 percent at 36 months and 55.9 percent at 60 months.
Another small SUV that has an excellent retained value is the 2016 Crosstrek from Subaru. It is versatile like a hatchback and has the height associated with an SUV, fitting between categories. At 36 months, this model has a resale value of 64.7 percent, and at 60 months, the value is 49.7 percent. Even the hybrid Crosstrek retains 57 percent of its value at 36 months.
The Toyota Highlander is a rare find on this list since it is a larger SUV that has room for three rows of seating but manages to retain its resale value. It falls behind smaller SUVs, like the Wrangler Unlimited and 4Runner, but still retains 63.6 percent of its value at 36 months and 49 percent at 60 months. The Highlander Hybrid is also a good option, with 56.5 percent of its value at 36 months.
Rounding out the list of the SUVs that maintain their resale value best is the Subaru Forester. This model is well-loved by small families and those who go outdoors, and it comes standard with all-wheel drive. Despite its outdoor utility, this vehicle retains 59.3 percent of its value at 36 months and 47.3 percent at 60 months.
We focused on common SUVs and excluded luxury vehicles, but if you are interested in a luxury SUV, then the 2016 Porsche Macan and Lexus GX 460 are the best options for retained resale value. Otherwise, resale value reveals that rugged design and top-tier reliability comes from Toyota, Jeep, and Subaru. As a result, these top five SUVs are a great pick for retained value and long-term investment.