When purchasing a new SUV, one important consideration is its resale value. A vehicle that retains its value well can save you money in the long run and provide a better return on your investment.
So, which SUV holds its value the best? Let’s dive in and explore the top contenders.
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Factors Affecting Resale Value
Before revealing the SUVs with the best resale value, we must understand the factors influencing them. Several key factors can affect how well an SUV retains its value:
- Brand Reputation: Vehicles from brands known for their reliability and durability tend to hold their value better.
- Depreciation: All vehicles experience depreciation, but some models depreciate slower than others, leading to better resale value.
- Quality and Reliability: SUVs with a track record of high-quality construction and dependable performance tend to have better resale value.
- Popularity: Popularity can play a role in resale value. SUVs with high demand in the used car market will likely retain their value well.
What Brand of SUV Holds the Most Value?
Investing in a reliable and reputable brand is often a safe bet for holding its value over time. Certain automakers have a track record of producing vehicles that maintain their quality and retain their value exceptionally well. Let’s take a look at a few top contenders:
Toyota has earned a reputation for producing dependable and long-lasting vehicles, and its SUV lineup is no exception. Models like the Toyota 4Runner, Highlander, and Land Cruiser have consistently performed well in resale value.
Toyota’s renowned reliability, solid build quality, and strong demand in the used car market contribute to its exceptional value retention.
Subaru is known for its practicality, safety features, and standard all-wheel drive. This unique selling point has helped Subaru maintain its value over the years. SUVs such as the Subaru Forester and Outback have garnered popularity among buyers who value reliability, versatility, and off-road capabilities. The brand’s loyal customer base and strong resale demand contribute to Subaru’s impressive value retention.
Honda has established itself as a trusted automaker, consistently producing vehicles with a strong reputation for reliability and quality. The Honda CR-V and Honda Pilot, in particular, have been popular choices in the midsize SUV segment.
Their spacious interiors, fuel efficiency, and extensive safety features make them appealing family options. Honda’s reputation and wide customer base contribute to the brand’s ability to retain value over time.
Jeep has a rich history of producing rugged and capable SUVs, which contributes to its value retention. Models like the Jeep Wrangler and Jeep Grand Cherokee are renowned for their off-road prowess, iconic design, and strong resale demand.
The loyal Jeep community and the brand’s ability to maintain its distinct character contribute to its strong value retention.
Lexus, Toyota’s luxury division, is known for producing high-quality vehicles that prioritize comfort, refinement, and advanced technology. The Lexus RX, GX, and LX models have consistently performed well regarding value retention.
Lexus’s reputation for reliability, exceptional craftsmanship, and strong customer satisfaction contribute to its ability to maintain high resale values.
How to Choose an SUV with the Best Resale Value
Choosing an SUV with the best resale value requires careful consideration of various factors. Considering these factors, you can make a smart and informed decision that will pay off in the long run. Here are some key points to keep in mind when selecting an SUV with excellent resale value:
Research Reliable Brands
Start by researching reliable SUV brands known for their long-lasting quality and dependability. Look for automakers with a strong track record of producing vehicles that retain their value over time.
As mentioned earlier, brands like Toyota, Subaru, Honda, Jeep, and Lexus have established themselves as reliable choices with high resale value.
Consider Popular Models
Consider the popular SUV models with strong market demand within the chosen brand. Popular models tend to hold their value better due to increased buyer interest and desirability. Look for models that have consistently received positive reviews, offer a good balance of features and performance, and cater to the needs of a wide range of buyers.
Assess Quality and Reliability
One of the key factors contributing to resale value is the quality and reliability of the SUV. Look for vehicles with a reputation for durability, minimal maintenance issues, and solid build quality.
Online resources, such as consumer reviews and reliability ratings from reputable sources like J.D. Power and Consumer Reports, can provide valuable insights into a vehicle’s reliability track record.
Evaluate Depreciation Rates
Depreciation is a crucial aspect to consider when gauging a vehicle’s resale value. Research the depreciation rates of different SUV models over time. Models that experience slower depreciation tend to retain their value better.
Remember that luxury SUVs typically have higher initial depreciation rates than mainstream brands but may stabilize and hold their value better over the long term.
Consider Fuel Efficiency
Fuel efficiency is becoming increasingly important in the SUV market. Buyers are seeking vehicles with better fuel economy to save on running costs and minimize their environmental impact. SUVs with efficient powertrains, hybrid or electric options, or advanced fuel-saving technologies tend to hold their value better as fuel prices rise and consumers prioritize efficiency.
Which Midsize SUV Has the Best Resale Value?
While considering the overall brand is important, narrowing the search to a specific midsize SUV model can provide further insight into the best resale value. Let’s delve into one midsize SUV that excels in this aspect:
The Subaru Outback has a strong reputation as a reliable and versatile midsize SUV. The Outback appeals to many buyers with its wagon-like design, standard all-wheel drive, and off-road capabilities. Its practicality, spacious interior, and impressive safety features make it an excellent choice for families and outdoor enthusiasts.
One of the key factors contributing to Outback’s outstanding resale value is its high demand in the used car market. Subaru’s loyal customer base and the brand’s commitment to quality and reliability play a significant role in maintaining this demand.
Additionally, the Outback’s reputation for longevity and durability further boosts its resale value.
Which Midsize SUV Has the Best Resale Value?
Regarding midsize SUVs, there are a few standout performers regarding resale value. One such contender is the Honda Pilot. Known for its spacious interior, comfortable ride, and family-friendly features, the Honda Pilot has a strong resale value. Its reputation for reliability and Honda’s brand recognition contributes to its desirability in the used car market.
Another midsize SUV worth considering is the Mazda CX-9. With its stylish design, premium interior, and engaging driving dynamics, the CX-9 stands out from the competition. Mazda’s commitment to craftsmanship and attention to detail have earned the CX-9 a reputation for holding its value well.
Which Is the Best SUV Car with a Reasonable Price?
If you’re looking for an SUV with a reasonable price tag that holds its value well, there are a few options to consider. One such option is the Subaru Crosstrek. As a compact SUV, the Crosstrek offers excellent fuel efficiency, standard all-wheel drive, and a comfortable interior. Its competitive pricing, combined with Subaru’s reputation for reliability, makes it a solid choice for budget-conscious buyers.
Another SUV that provides good value for the price is the Hyundai Tucson. The Tucson offers a well-rounded package with its spacious cabin, user-friendly technology, and attractive styling. Hyundai has made significant strides in quality and reliability, positively impacting Tucson’s resale value.
Which 7-Passenger SUV Has the Best Resale Value?
Two models stand out from the crowd for those needing a 7-passenger SUV that holds its value well. The Toyota Highlander and the Honda Pilot offer spacious interiors, comfortable seating, and strong resale value.
The Toyota Highlander has long been a family favorite thanks to its reliability, safety features, and versatility. With its reputation for dependability, the Highlander maintains its value over time.
Similarly, the Honda Pilot’s practicality, comfort, and reliability combination makes it a top contender in the 7-passenger SUV segment. Whether you’re ferrying kids to soccer practice or embarking on a family road trip, the Pilot delivers and retains its value when it’s time to sell.
What SUV Has the Best Resale Value?
When considering overall resale value across different SUV segments, the Toyota 4Runner stands out as a perennial favorite. The 4Runner’s rugged body-on-frame construction, off-road capability, and Toyota’s reputation for reliability contribute to its outstanding resale value.
The Jeep Wrangler is another SUV that holds its value exceptionally well. Known for its iconic design and off-road prowess, the Wrangler has a loyal following, which keeps demand high in the used car market.
What 3-Row SUV Has the Best Resale Value?
If you need the versatility of a 3-row SUV and want to ensure good resale value, there are a couple of options to consider. The Toyota Highlander, previously mentioned for its 7-passenger configuration, also offers a 3-row variant. Its reputation for reliability, combined with the added space and seating, makes it a top choice for those looking for a family-friendly SUV with strong resale value.
Another 3-row SUV worth mentioning is the Kia Telluride. Since its introduction, the Telluride has received widespread acclaim for its spacious and upscale interior, comfortable ride, and wealth of features. Kia’s continued efforts to improve quality and reliability have positively impacted Telluride’s resale value.
Several brands and models stand out when choosing an SUV with excellent resale value. Toyota, Subaru, Honda, Mazda, and Kia have all produced SUVs known for their reliability, quality, and desirability in the used car market.
Whether you’re looking for a compact SUV, midsize SUV, 7-passenger SUV, or 3-row SUV, these manufacturers offer options that retain their value well.
Remember, while resale value is essential, it’s just one factor to consider when purchasing an SUV.