10 Best Cars By Resale Value in 2020
If you have had a car, truck or SUV for a while, you might be thinking about trading it in for a newer model. If you are close to that stage, you might also be wondering how much money you can expect to get back in resale value. However, the time to think about that is long before you are thinking of selling your beloved set of wheels.
Several things factor into the resale value of a vehicle, including several factors that are under your control: How well you maintain your car and how frequently you drive it (and under what conditions), will factor into the resale value.
The most important factor that’s out of your control, however, is depreciation. Vehicles, unlike homes or investment assets, are depreciating assets: Most new vehicles lose about 10% of their value the moment you drive them off the lot and almost two-thirds of their value in the first five years, no matter how well you take care of it. That’s just the nature of cars and trucks and SUVs.
Of course, other factors may play into the resale value of your vehicle, and many those factors are random. How well the economy is doing, the state you live in, and local supply and demand for cars will all impact the resale value of your vehicle.
In addition to taking prudent steps to take care of your vehicle, you can also take a few steps to ensure a bit higher resale value by choosing a model that has historically had good resale value and/or is projected to have one in the future. The cars, trucks, and SUVs below are much more likely than average to retain their value long into the future.
The first of the SUVs on this list has a lot to offer consumers. Beloved by members of the military and civilians alike, this SUV is indeed a vehicle that can go anywhere and do anything––make sure to obey traffic laws while you’re in the can-do-anything mindset that owning a Jeep sometimes inspires! In addition to making you feel fantastic, owning a Jeep also allows you to maintain over 54 percent of its resale value after five years.
This vehicle claims to be “truck inspired,” but the biggest thing it has in common with actual trucks on this list is it's incredible after the 5-year resale value of 54 percent. This powerful SUV has been called “aggressive” and “bold” by reviewers, but also has incredibly comfortable rear seats and can stand up to bumpy roads with ease.
When you think of luxury vehicles, you’re probably not thinking about high resale values. But this sleek and beautiful Audi can compete with all the rest on this list. It’s got a very comfortable ride and strong acceleration, as well as luxury details that make you realize why it has such a hefty price tag.
The far-and-away winner of this list is the midsize pickup that retains a whopping 61 percent of its value after five years. It’s also much less expensive than several trucks on this list, making it an excellent option for city and suburbia dwellers who like the idea of a truck but don’t need the serious pulling power that comes with a bigger price tag. That’s not to say that this truck can’t compete with the big guys––some models can haul up to 6,800 pounds––but the excellent financial perks might make convincing your spouse to let you buy it a little bit easier.
No matter what car you choose to purchase, taking care of your vehicle, getting regular inspections, driving safely, minimizing your mileage and keeping the interior clean will help you get as much return back on your “investment” as possible once you are done driving it.