10 Great SUVs With The Best Resale Value
SUVs are easily one of the most popular vehicle types on the market, offering a unique combination of room for passengers and their cargo. It’s vital to consider how much you can purchase a car for - but also how much you can sell it for. You might wonder - what are the choices for SUV with the best resale value?
If you’re interested in learning more about SUVs with excellent resale value, you’re in the right place. Picking one of these vehicles will ensure you make the most of your money when it comes time to get rid of the SUV and move on to the next. Keep reading to learn more about our top picks for SUVs with excellent resale value.
Toyota 4Runner
First on our list of an SUV with the best resale value is a staple in the SUV family - the Toyota 4Runner. This classic design is ready to hit the city and the dirt road simultaneously, offering four-wheel-drive and ample towing capacity for the driver with a wild side.
According to caredge.com, the Toyota 4Runner will depreciate 19% after the first five years of ownership. After this point in the car’s life, it will continue on a steady decline. Toyotas are known for decreasing in value consistently rather than falling suddenly like many of their competitors.
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Jeep Wrangler
Jeep is another powerhouse in resale value, and you’ll find what you’re looking for in the Jeep Wrangler. This adventurous SUV is prepped and ready to take on the open road with excellent ground clearance and a solid 4x4 design.
According to caredge.com, the Jeep Wrangler will depreciate 22% after the first five years of ownership. This number will be followed by a steady decline, slightly steeper in areas than you would see with a competing Toyota.
Jeep Wrangler Unlimited
Next is another version of the Jeep Wrangler, the Jeep Wrangler Unlimited. This version of the Unlimited comes with four doors standard, an extended cargo hold, and a wider wheelbase for even more adventurous capabilities on the open road.
According to caredge.com, the Jeep Wrangler Unlimited will depreciate 22% after the first five years of ownership. You can expect the same from the Unlimited as the standard Jeep Wrangler.
Toyota Land Cruiser
The Toyota Land Cruiser is a sleek SUV designed to be straightforward and to the point. In recent years, the brand has made the car very modern and even added a hybrid option for even more power.
According to caredge.com, the Toyota Land Cruiser will depreciate 22% after the first five years of ownership. Then, like most Toyotas, the Toyota Land Cruiser will experience a steady decline in value that won’t take anyone by surprise.
Mercedes-Benz G-Class
The Mercedes-Benz G-Class is an icon in the luxury SUV world. Not only does it offer an iconic design inside and out, but it’s also made for performance, so it won’t disappoint those who want the best of both worlds.
According to caredge.com, the Mercedes-Benz G-Class will depreciate after the first five years of ownership. The resale price for this vehicle will remain well above six digits for a long time.
Toyota Sequoia
The Toyota Sequoia is a full-size SUV selection that exists for the long haul. It’s been on the market for two decades and even offers a hybrid powertrain selection for those who want more from their vehicle.
According to caredge.com, the Toyota Sequoia will depreciate 28% after the first five years of ownership. Then, the depreciation will remain steady with slight dips every so often.
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Lexus LX
The Lexus LX is another luxury SUV with an excellent resale value in the long term. It offers a smooth driving experience with ample horsepower, so you’ll feel like a star behind the wheel.
According to caredge.com, the Lexus LX will depreciate 32% after the first five years of ownership. From there, it will steadily drop yet remain in decent value territory for many years.
Dodge Durango
The Dodge Durango is an excellent pick if you want an SUV with many of the capabilities of a truck. It can hold up to seven passengers and tow more than 7,000 pounds depending on the trim you select.
According to caredge.com, the Dodge Durango will depreciate 26% after the first five years of ownership. It offers an excellent depreciation after that that is on par with competitors like Toyota.
Lexus GX
The Lexus GX is another luxury SUV selection. This vehicle provides a unique combination of luxury and practicality, coming in at a size between a mid and full-size vehicle for a more convenient experience.
According to caredge.com, the Lexus GX will depreciate 40% after the first five years of ownership. This number is a little higher than others, but the depreciation tapers off for the rest of its life.
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Jeep Grand Cherokee
Last on our list of choices for an SUV with the best resale value is the Jeep Grand Cherokee. This SUV offers a modern design and off-roading capabilities like no other.
According to caredge.com, the Jeep Grand Cherokee will depreciate 38% after the first five years of ownership. The value will remain high for many years.
Final Thoughts
There are ample selections available when looking for the SUV with the best resale value. From the sturdy shell of the Toyota 4Runner to the unique and popular Jeep Grand Cherokee, each brings something new and will provide a solid earning if you’re consistent with your driving and maintenance.
We hope this information was beneficial! It can feel like a lot to dive into the research process for resale value, but it will pay off when you have a vehicle capable of selling for a price point that isn’t too far off of what you paid for it. Some SUVs are meant to last, while others will fall apart quickly.
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