Price. Color. Model. There are dozens of factors to consider when buying a new car. But one factor you should be thinking about is resale value. Here are four cars that go the distance when it comes to resale values.
With elements that trace back to the early 1980s, this compact truck was General Motor’s answer to the similar models that were being made by Japanese automakers at the time. Over the course of the next few decades the pickup truck would go through many changes, including its namesake. First called the S-10, Chevy renamed the pickup truck “Colorado” in the year 2004. Named Motor Trend Truck of the Year in 2015, the Chevy Colorado took the title because of its thoughtful engineering and design. The 2017 Chevy Colorado ranks No. 6 on the Kelley Blue Book 2017 Best Resale Value Awards: Top 10 Cars list. And, it is worth noting that since the Chevy Colorado was reintroduced in 2015 it has been named on the KBB list consecutively, which makes this compact pickup truck worth considering.
This sporty off-road-vehicle not only has a great reputation for exploring dirt roads, it has an outstanding resale value, too. Coming in a No. 4 on this year’s Kelley Blue Book Best Resale Value Awards: Top 10 Cars, the Jeep Wrangler yields a 63.7 percent resale value at 36 months and 51 percent at 60 months, according to the auto industry site. With capabilities that can take you from the roads to the trails, it is no surprise that the Jeep Wrangler has earned a number of accolades, including a spot on Autobytel’s 10 Best for the Money list. Four Wheeler has also dubbed the Wrangler the 4X4 of the decade. And, studies from IHS Markit have shown that more people are switching to Jeep brands than ever before. If you do plan on going off-roading with your Jeep, make sure to stay on top of routine maintenance such as oil changes, alignment checks and tire replacement when the time comes.
The 2017 model of the Toyota Tacoma took the top spot, coming in at No. 1, on the Kelley Blue Book 2017 Best Resale Value Awards: Top 10 Cars list. And for good reason, too. Last year the midsize truck underwent a massive revamp that bolstered its ranking without taking away any of the factors that made the pickup a top contender. The first generation of the U.S-manufactured truck arrived on the auto scene in 1995 and has been unstoppable ever since in popularity and driveability. Like the Jeep Wrangler, the Toyota Tacoma can forge rugged paths with its off-road capabilities but drives just as nice in the city. The pickup also has a slick interior that can be customized, plus a multi-information display and Qi-compatible wireless smartphone charging to keep you connected. According to KBB, resale value after 36 months is 71.8 percent.
While trucks and SUVs dominated this year’s KBB rankings in the Top 10 Cars List, there is a mid-size sedan worth noting, and it comes from Subaru. Subarus are known to hold their value and the manufacture prides itself on making cars that last. The Subaru Legacy was awarded the top honor by Kelley Blue Book in their Best Resale Value Awards: Mid-Size Car category, with a resale value at 36 months of 47.6 percent. But this isn’t the Legacy’s first win in this category. The Subaru Legacy has taken the top spot for three consecutive years. Features like its all-wheel drive and signature boxer-style engine make it a standout. Not only can you feel good about the resale value of this car, when you purchase a Subaru you can rest-assured that you’re making a sound purchase with the environment in mind, as Subaru is America’s first Zero-Landfill automaker. This means that all waste from production is either recycled or reused. The automaker also has a partnership with America’s National Parks.