It’s no secret that SUVs lose their resale value quickly – that’s old news. Some say that sedans hold out for longer, some same they don’t. But that’s not really the point here. Most folks who had to deal with resale at least once in their life (I’m talking about buying a pre-owned car or selling your own steel horse) know that after three years on the road a vehicle loses half of its original value and can be bought for 1/2th of the initial price. Furthermore, after 5 years you can count on that value to drop even lower – to the 1/3rd of what it used to be. However, that’s not a 100%, hard-and-true fact: some SUVs lose value faster; others are still relevant even after 5, 10 years. So, today we’ll discuss the list of SUVs that are strong in resale. In all seriousness, I recommend taking it with you the next time you go out shopping for a brand-new or pre-owned traditional/crossover SUV (or learn it buy heart).
Paying Up In The Beginning, Profiting In The Long Run
The thing is, if you pick the right vehicle, the one that will still be worth something after a while, that can help you a lot later on – when you, say, decide to buy a new car. Trust me, even if you’ll have to pay up at the dealership, when it comes to selling it, you’ll be more than happy with the money you could make from the deal. The SUVs you see down the list are partially compiled based on the research done by Edmunds. They did a tremendous job of finding the cars that are predicted to retain their value better than the rest of the models on the market in the upcoming half-a-decade or so. Alright, if you’re looking to invest into a bit pricey, but valuable “property” in the long run, the following list of SUVs that are strong in resale will help you come up with the right decision. I’ve got different categories laid out for you, starting with the most affordable pick and finishing with the most expensive one.
#1 – Compact Crossover SUV – The Honda CR-V
Ok, let’s start the list with the most affordable model – the all-around amazing CR-V from Honda, one of the greatest Japanese manufacturers when it comes to SUVs. And the company has always been one with exceptional reliability ratings, so, that fact alone makes this vehicle a solid pick if you’re after strong resale value (judging by the fact that you’re still reading, I’ll go ahead and make “a wild guess” that you are :)). The CR-V’s reputation has been stellar for as long as I can remember, and despite the fact that it’s not the most attractive SUV on the market (even though it does look pretty nice), crossovers never promised us breath-taking designs and engines – they have always been about comfort, generous interior/cargo space and fun on the road. The brand-new CR-V 2016 went through a significant redesign, and, with the Civic platform doing its thing, this CUV is shaping up to be the king of resale in the segment. Besides, as far as the list of SUVs that are strong in resale goes, the CR-V is the most low-budget pick (23.7K for the entry-level model).
#2 – Midsize Crossover SUV – The Toyota Highlander
Toyota has always been the king of durability, reliability and safety, and that automatically means that pretty much any model from the company’s line-up holds a strong resale value. And the brand-new Highlander is no exception: if you’re looking to sell it in about 5 years from now, I’d say go for it! This SUV is one of the best when it comes to a spacious interior with tons of leg- and head-room, cozy, large seats and generous cargo capacity (it’s class-leading, give or take). Furthermore, the Toyota Highlander also looks pretty sleek and sexy, not to mention it’s got impressive fuel-efficiency (25 miles per gallon on the highway and 20MPG in the city; 22MPG combined). However, this awesome mid-size CUV is not cheap: the entry-level LE trim will cost you 30K, while the highest trim – Limited – is worth 40K.
SUVs That Are Strong In Resale – #3, Large Crossover SUV – The GMC Acadia
General Motors is one of the greatest automobile manufacturers in the United States, and GMC is long-known for class-leading full-size SUVs that can fit the Universe in the cargo. The Acadia might not even be on your radar, but it’s definitely worth your attention. True, it’s not quite as versatile and good-looking as the Yukon (you know, that big-bad vehicle that all the FBI agents love to roll in your favorite TV drama/thriller), but when it come to resale, this is the real deal. Besides, GM has a lot of experience in the segment, so, don’t worry about the Acadia not living up to your expectations – it will still get the job done and provide you with everything you need to feel good on the road, including a roomy interior, large, cozy seats and tons of entry-level techy features and safety equipment. And even though the market is crowded with contemporary and advanced full-size crossovers, if resale value comes first to you, the GMC Acadia should be your large CUV of choice.
#4 – Entry Luxury SUV – The Acura RDX
Ok, let’s go down the list of SUVs that are strong in resale and talk about the good stuff – the luxury models. Now, Acura does get a lot of negative comments from the automobile fans for losing its edge, that aggressive side. To be honest, I partially agree with them and want the old, wild and free brand. However, there is still one segment that Acura is still king in, and that’s crossover SUVs. In a way, the RDX is like the premium edition of the middle class-happy Honda CR-V, the upscale, refined and luxurious version, if you will. The vehicle is highly reliable, safe and enjoyable to drive, thanks to great handling and a nice suspension. On the inside you’ll be pleased with top-quality materials, finishing, all the latest tech and safety equipment and a spacious interior. The powertrain is strong, and the Acura RDX can even boast solid fuel-efficiency. Come to think of it, that’s just the right formula for the perfect SUV, and that’s exactly why it holds its value even after 3, 5 and more years.
#5 – Midrange Luxury SUV – The Lexus GX 460
Toyota had a lot of success with Lexus in the 21st century, and while the competition on the market of luxury SUVs is rising, the brand is still as competitive as ever. The GX 460 might not be a drop-dead gorgeous mid-sizer, but the interior is super comfortable and enjoyable, plus, it’s made by Lexus, and that means reliability ratings are off the charts. Furthermore, even though a luxury SUV is not really the best pick for off-road adventures, if you ever decide to go into the wild, the GX 460 will perform surprisingly good in the dirt, snow and rain. And that’s one reason for you as to why this utility vehicle is in the list of SUVs that are strong in resale – people go for reliable and dependable, and, when it comes to Lexus (Toyota, that is), you just know that you’ll get plenty of that. So, if you’re planning to let go of this edgy SUV in about five years or so, that would be the perfect time to sell it.
SUVs That Are Strong In Resale – #6, Premium Luxury SUV – The Mercedes G-Class
Now, if you’ve got enough money in that tight wallet of yours to go for a premium-level SUV, then I recommend checking out the manly G-Class from Mercedes-Benz. It’s actually nothing like the contemporary models on the market in terms of design, but that’s why folks love it so much. It’s old-school, rough, tough and even a little bit stupid, all of which gives it a unique character and a strong presence on the road, especially when driving along a Honda CR-V or a Toyota Highlander. In addition, you’ll get to choose between a couple of mighty engines to outrun all the possible competition. On the inside the G-Class welcomes the passengers with a leather trim and a comfortable, luxurious layout, but even that can’t fully hide the retro attitude, so, it’s not what you’re used to and might be a bit hard to make friends with. It’s not the most civilized SUV in the world, if you know what I mean.
Still, it makes it into the list of SUVs that are strong in resale, because people don’t care about a few inconveniences – they welcome them. And they’re ready to pay handsomely if you’re ready to let go of this vintage monster. Ok, that’s it, guys! Selling a pre-owned vehicle is an art form, but if you master it, you’ll be able to equally enjoy your vehicle while on the road and when you decide to go ahead and sell it. That will be a win-win, right? Keep this cheat-list close, keep your head high and enjoy the road. See ya!
Check out this video: Used Car Pricing – How do I know what is the actual fair market value of my car.