What Used Cars Hold Their Value the Best?

What Used Cars Hold Their Value the Best?

A car is one of the more expensive investments you’ll make. It is a known fact that a car’s value starts depreciating as soon as it hits the road. If you look at the used car market, you can see some old car models holding higher resale value than others. Here we have listed used cars that hold their value best. 

Chevrolet Silverado 1500: 39.7%

The 2018 Chevrolet Silverado experiences a depreciation of 39.7 percent on average. The 2018 Chevrolet Silverado is a modern vehicle with lots of tech features that are demanded by car owners. The Silverado 4-door cab offers adequate room to seat up to 6 passengers. When you need extra cargo space, the rear seats can be folded up. The model is powered by a 5.3-liter V8 engine that generates 355 horsepower and 383 lb.-ft. of torque. The Silverado comes with a wide array of safety features like six airbags and lane-keep assist with lane departure warning.

Toyota 4Runner: 38.1%

The Toyota Runner experiences 38.1 percent depreciation on average. The 2018 Toyota 4Runner is a good SUV with a solid rear axle like a pickup truck and body-on-frame construction. This SUV’s higher ground clearance and hardware like low-range gearing, locking rear differential, and Kinetic Dynamic Suspension System gives it good off-road prowess. The SUV is powered by a 4.0-liter V6 engine delivering 270 horsepower and 278 lb-ft of torque. The seating capacity of 4Runner is up to seven, and the towing capacity is up to 5,000 lbs. 

GMC Sierra 1500: 39.7%

The GMC Sierra 1500 experiences a depreciation of 39.7% on average. The 2018 GMC Sierra is a tough pickup powered by 4.3-liter V6 engine making 285 horsepower and 300 lb.-ft. of torque. The four-door cab model has enough room for six passengers. Its towing capacity is around 9,100 lbs. This pickup also comes with several safety features like dual-stage airbags for driver and front passenger and curtain airbags for all passengers. Other safety features that need special mention are lane-keeping assist with lane departure warning and forward collision alert. 

Toyota Tundra: 37.1%

The Toyota Tundra experiences a depreciation of 37.1 percent on average. The 2018 Toyota Tundra is a full-size pickup that delivers the toughness and reliability you expect from a Toyota truck. The Tundra is powered by a 5.7-liter V8 engine paired with a six-speed automatic transmission. The engine makes 381 horsepower and 401 lb.-ft. of torque. The interior of the high-end Tundra model is fitted with materials like perforated leather. It has safety features like eight airbags, blind spot monitor, trailer sway control and a tire pressure monitoring system. The two-door model of Tundra has a passenger capacity of three. 

Jeep Wrangler: 27.3%

The Jeep Wrangler experiences a depreciation of 27.3 percent on average. The 2018 Jeep Wrangler has refreshed styling, fitted with new engines, and has roomier, high-quality interior.  The Wrangler has excellent off-road capabilities and is powered by a 3.6-liter V6 engine that makes 285 horsepower and 260 lb.-ft. of torque. The two-door Wrangler seats four while the four-door Wrangler seats five. The Wrangler comes with impressive safety features like advanced multistage driver and front passenger airbags, electronic stability control and hill start assist and electronic roll mitigation. 

Our list tells which car you should buy if you want the best resale value. The cars we have mentioned have the lowest depreciation after a period of three to five years.