Unfortunately, no car can last forever – no matter how much we may love them. Making the right choice when choosing a new car should be at least partially dependent on how much it will be worth when you are ready for an upgrade. The following is a breakdown of the top five models released in 2017 that are most likely to have the highest resale value when you choose to sell your used car years from now.
1. Toyota Tacoma
If I was planning to sell my vehicle just three years after buying it, I could not go wrong with a Toyota Tacoma. This mid-size pickup can be purchased new for around $25,000 for either the access or double cab. As long as you care for this pickup with regular maintenance, you are likely to get a 71.8 percent return on your investment. That’s nearly $18,000 you’ll be able to put toward the purchase of your newest vehicle.
2. Toyota 4Runner
A mid-size SUV/crossover, the Toyota 4Runner, has long been an American favorite due to its favorable off-road capabilities. Available in six different styles, this ever-popular SUV is adored by fans for it’s standard V-6 engine and optional third row. The MSRP listed for the 4Runner will be easy to swallow for new car buyers because they are likely to make a whopping 64.3 percent of that cash back upon resale.
3. Porsche Macan
Another SUV/crossover that tops the list is the luxury compact Porsche Macan. While the initial base price may cause your head to spin, Porsche claims this small SUV will provide up to 440 hp and still retain a 25 mile-per-gallon fuel usage. Perfect for small families on the go, the Macan can tow up to 1600 pounds and still provide a return of nearly $30,000 of its original $47,500 price tag at the time of resale.
4. Chevrolet Silverado HD
The second pickup to occupy this list, the full-size 2017 Chevy Silverado recently broke into the top spot for its class. Experts agree that the 61.8 percent resale value will be largely due to the redesigned 6.6 liter Duramax engine that is purported to run at lower temperatures, and therefore, lower repair costs over the pickup’s lifetime.
5. Jeep Wrangler
Although Honda’s CR-V will always be in high-demand, the compact Jeep Wrangler took this year’s prize for the highest estimated resale value by almost 5 percent more than that of the import. American drivers love the history associated with the Wrangler and take advantage of its lower insurance premiums and driving versatility.
According to Kelley Blue Book, there are several things that can affect the resale value of your vehicle. Many people consider these factors when purchasing a new car because they are aware of their future need for replacement. Luckily, the above list can help you get the most money out of your new car purchase in the future.