One of the biggest expenses when buying a new car is invisible. It’s the depreciation of the car’s value that begins as soon as it’s driven off the parking lot and continues for the first five years of ownership. This depreciation influences the car’s sale price when one decides to upgrade. The resale value can vary greatly, with some vehicles fetching a much higher price thanks to brand and model reputation, condition, and market trends.
Cars with the best resale value in 2024
1. Ford Bronco
The Ford Bronco has one of the best resale values in its class, with the car retaining about 66.7% of its original value after five years. At this rate, it can be expected to sell for anywhere between $30,247 and $71,908 in the used car market. That being said, the final value of the vehicle rests on its condition, mileage, and the zip code it is being sold.
The Bronco’s resale value can be attributed to its off-roading prowess, superior design, customization options, and high market demand (and a limited supply).
2. Toyota Tacoma
According to some estimates, the Toyota Tacoma is expected to retain 62.6% of its value after five years. This is largely due to Toyota’s commitment to safety, the Tacoma’s durability (with many cars surpassing well over 200,000 miles), and its impressive craftsmanship. A long-proven history of reliability further makes Tacoma a crowd favorite, especially among Toyota’s loyal customer base.
In addition, there is a thriving after-market scene serving the Tacoma community, offering plenty of personalization options even for used car buyers.
3. Mercedes-Benz G-Class
When it comes to luxury vehicles retaining their value, there’s nothing better than the Mercedes-Benz G-Class. Expected to retain 61.2% of its original value, the G-Class is a symbol of both style and power. That being said, the high value accorded to it is a direct result of its limited production and high demand.
4. Toyota Tundra
Next on this list is the Toyota Tundra, which has a resale value of 60.2%. Like the Tacoma, the Tundra’s popularity rests largely on Toyota’s goodwill and reputation as a safe and reliable manufacturer. Moreover, the Tundras are known for their rugged nature, which helps them last for years with proper maintenance.
Depending on the trim, equipment, and condition of the vehicle, a used Toyota Tundra may fetch anywhere between $28,024 and $73,761 after five years of ownership.
5. Chevrolet Corvette
The Corvette is an iconic car, so it’s no surprise that it has a high demand. The brand recognition is also strong with a Corvette, making it a prized collector’s item. The Chevy Corvette has a resale value of 59%, which can be credited to its icon status, stellar performance, and relatively low production supply.
6. Toyota GR Supra
The Toyota GR Supra retains around 57.2% of its value over five years. This can be associated with the low production numbers of the Supra, along with its performance capabilities, superior handling, strong engine, and impressive performance potential. The deal is further sweetened by Toyota’s legendary status when it comes to the safety and reliability of its vehicles.
7. Toyota Prius
The Toyota Prius has a 5-year resale value of 55.3%. According to estimates, it may fetch anywhere between $24,534 and $35,372 after this period. Just like other Toyota vehicles on this list, this high resale value can be accredited to the brand’s reputation for safety and reliability.
As a hybrid vehicle, the Prius also offers better fuel efficiency and improved sustainability, adding to its demand and value among buyers.
8. Toyota 4Runner
Those looking for a sturdy SUV with a high resale value must check out the Toyota 4Runner. A powerhouse in itself, the vehicle boasts a resale value of 54.6%.
The SUV offers outstanding off-roading capabilities, especially with the TRD Pro trim, which has made a lasting impression on buyers. The brand name is further proof of its build quality, safety, and reliability, which are all desirable attributes in an SUV.
9. Porsche 718 Cayman
The Porsche 718 Cayman has a resale value of 54.2%, which is pretty impressive for a sports car. The reason its price deteriorates slower than other luxury vehicles is because of its reliability, handling, and low maintenance costs.
Moreover, the Cayman is also easy to upgrade for performance and aesthetics alike. Parts are easily available from the manufacturer themselves or can be found with other third-party vendors to spice up the car according to one’s preferences.
10. Ford Maverick
Last on this list is the Ford Maverick, with a resale value of 54% after 5 years of ownership. Not only is this car competitively priced, but it is also extremely versatile. Take it to work, on camping trips, or an off-roading adventure, and watch it roar to life. It also comes with the option of a hybrid powertrain, making it a desirable purchase among those looking for fuel efficiency.
Its high resale value is likely due to its demand in the market and a lack of direct competition in this size class!
