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.
Best Franchises to Own Right Now!Read more
You have been looking to start your own business, you have raised some initial capital, but how do you know what business to start! Obviously, it has to be something you are good at, but how do you know it is going to work and it will bring in the rewards you seek. Franchisors know their market and have created formulas proven to work in various markets. So, this might be the best time to own a franchise. Here is our pick of top franchises to buy right now!
Checkers Drive-In: Checkers has been around for over 30 years, but has begun franchising only recently in 2010. The fast food franchise is a hot property today and is rated highly for growth prospects, training, and support. With an initial capital investment of $250K and total investments of up to $520K, Checkers is one of the popular picks.
The Cleaning Authority: Our second pick, The Cleaning Authority, has been around from 1996. An initial investment of just $44K will get you started and this home maintenance company will help you finance the remaining investment. The home cleaning industry is currently seeing a rising trend, with more people calling in for domestic cleaning services.
AAMCO Transmissions and Total Car Care: AAMCO offers a range of services under its franchise. Franchises begin at an initial capital of $65K and total investments can range between $227K-333K. AAMCO has been franchising since 1963 and is a brand to reckon with. Recently AAMCO Franchise has shown up on many top 10 lists in the US.
Hyatt Hotels & Resorts: Hyatt has been franchising since 1957. With a capital of $139K-188K. you can buy into a Hyatt franchise. The company has an international reputation and offers more than hotels and resorts. Hyatt is the only hotel franchise to make it to our list.
Maid Brigade: Another home cleaning service in our list, goes to show that the trends in hiring cleaners to clean homes are rising. Maid Brigade has been answering the call to clean homes since 1979. A low investment of $25K-40K can get you a franchise, with options on Financing the total investment of $85K – 125K.
Grease Monkey: The second automotive maintenance franchise in our list, Grease Monkey specializes in the preventive auto care and has been around since 1978. With as little as $30K investors can get their business going. Grease Monkey is not owned by any oil company and offers its franchisees the best possible bargain on oils.
Adidas-the retail alchemyRead more
Home to the best brands across nations, Adidas is now decades old in the US, evolving with each test of time. A fairly good investment, Adidas jackets is a great go-to-market retail alchemy that is both fashion-led and comfort. Buying one is a matter of jiffy yet Americans do spend a worth on high-quality products from Adidas basis their tastes. The badass image of an Adidas jacket is something that Americans proudly connect by spending without the slightest thought. In a way, the jackets give a sense of personal identification and create a character.
Gearing up for the cold months in the US is not just about warm wear but fashion and comfort. This is the time of the year when Adidas jackets can add that spunk to your wardrobe and your individual fashion statement. Buying one in the US can be either budget friendly or cash spillage yet the investment is worth a million dollars. And of course, you have the luxury to purchase online, but nothing can beat the personal touch that you enjoy at the store.
Also, most of the Adidas jackets in the US are tailored to give a look of structured shoulders yet flexible for all occasions. There is so much to offer in terms of color, fabrics, designs, styles, and patterns that you cannot run out on Adidas jackets. Need not be dirt expensive; you can choose from a range of prices that looks perfect with most of your outfits. These jackets are a befitting piece of clothing that Americans consider it to be common attire regardless of the much-hyped prices. Additionally, the Adidas clearance sale is given utmost importance too, by the teens and the adults. Also, people in the US being brand conscious consider Adidas to be more than just a company that brings their culture, society, and tastes under one umbrella.
The three-striped logo of Adidas resembling a mountain evokes an emotion of overcoming challenges against all the odds is a perfect wardrobe addition for the go-getter, no-nonsense attitude American. The high durability and the assurance of Adidas Jackets quality in the US makes it a safe buy for all planning to buy one, irrespective of the occasion. Regardless of your personal style, an Adidas Jacket adds that instant edge to your overall personality and confidence. Consider buying an Adidas jacket for the upcoming winters.