Choosing a vehicle with a good resale value can often save you more money in the long run than chasing big rebates and other incentives. Kelly Blue Book has released their list of the top ten cars of 2017 with the best resale value. In the past, trucks and SUVs have dominated the list, but now they have almost completely taken over the entire list. Seven of the top ten vehicles are trucks, two are SUVs, and only one is a car. However, they are all standout vehicles that rightfully deserve a spot on the list. KBB states that while the average new vehicle will be worth about 33 percent of its original sticker price after 60 months, these 10 vehicles will return an average of 50 percent to their owner’s pockets. For example, a $30,000 vehicle will work out to a difference of $5,000 over a 5-year buy/own/sell ownership cycle. Let’s take a look at the top 10 vehicles for best resale value.
- Toyota Tacoma
- Toyota 4Runner
- Chevy Silverado
- Jeep Wrangler
- Toyota Tundra
- Chevy Colorado
- Honda Ridgeline
- GMC Sierra
- GMC Canyon
- Subaru WRX
As you can see, trucks dominate this list because of their versatility and all-purpose functions. Resale value is important because as much as you love that car, truck, or SUV you’re about to buy, one thing is virtually certain: you are going to sell it at some point. When that time comes, wouldn’t you rather have a vehicle that you can sell at 50% of the original cost than get a bigger discount when you buy it? It is an extremely important factor to consider and should be in the top 3 ideal features of a vehicle for anyone purchasing a new model.