Cars With the Highest Resale Value
July 10, 2014
Let's face it -- when you're buying a new car, the last thing you're thinking about is whether the resale value of the car is going to hold up if you decide to sell it in a few years.
However, a car is an asset and you want it to retain its value so if you do decide to sell it in a few years, you don't want to feel like you got short changed. Kelley Blue Book understands this, and so each year they name the vehicles and brands with the highest resale values. The 2014 Kelley Blue Book Best Resale Value Awards takes a look at which auto manufacturers produce vehicles that retain their value the best over the first five years of ownership.
When it comes to overall brand, this year's Best Brand winner is Toyota for the third time in a row. And Lexus was named the Best Luxury Brand. Not surprisingly, the top 10 list of Best Resale Value Award winners is dominated by Toyota with four vehicles on the list -- FJ Cruiser, Tacoma, 4Runner and Tundra. Also on the list are the Chevrolet Corvette, Honda CR-V, Jeep Wrangler, and Dodge Challenger. See the full Top 10 list below.
Thinking of buying one of these vehicles? Make sure to use TrueCar and Edmunds Price Promise for the best deals possible.
|Rank||Vehicle||Resale Value at 36 Months||Resale Value at 60 Months|
|1||2014 Toyota FJ Cruiser||81.0%||70.0%|
|2||2014 Toyota Tacoma||73.7%||61.9%|
|3||2014 Jeep Wrangler||70.3%||59.1%|
|4||2014 Toyota 4Runner||66.6%||56.2%|
|5||2014 Chevrolet Corvette||67.5%||53.5%|
|6||2014 Toyota Tundra||63.7%||52.3%|
|7||2014 Chevrolet Camaro||63.7%||51.9%|
|8||2014 Honda CR-V||63.0%||50.7%|
|9||2014 Chevrolet Silverado 1500||59.0%||50.6%|
|10||2014 Dodge Challenger||60.8%||50.5%|
My Recommendation for Car ShoppersTrueCar and Edmunds are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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