As a car buyer, it’s important to consider not only the initial cost of a vehicle but also its long-term value. A vehicle’s resale value is a critical factor to consider, as it directly affects how much money you can recoup if you decide to sell it later on. To help you make an informed decision, here are the top 5 vehicles with the best 5-year resale value:

1. Subaru Crosstrek

The Subaru Crosstrek is a subcompact crossover SUV that offers excellent off-road capability and fuel efficiency. It also boasts a 5-year resale value of over 60%, making it one of the most valuable cars on the market. With its all-wheel-drive system, advanced safety features, and spacious interior, the Subaru Crosstrek is a great choice for buyers looking for a versatile and reliable vehicle.

2. Tesla Model X

The Tesla Model X is an all-electric luxury SUV that has taken the automotive world by storm. With its cutting-edge technology and stunning design, the Model X is one of the most desirable vehicles on the market. It also has a 5-year resale value of over 50%, which is impressive for an electric car. With its impressive range and advanced features, the Tesla Model X is a great investment for buyers looking for a high-end electric SUV.

3. Ford Bronco

The Ford Bronco is an iconic SUV that has been redesigned for the modern era. The 2021 model boasts impressive off-road capabilities and a rugged design that harks back to its roots. It also has a 5-year resale value of over 50%, making it one of the most valuable SUVs on the market. With its powerful engine options and advanced features, the Ford Bronco is a great investment for buyers looking for a capable and stylish SUV.

4. Jeep Wrangler

The Jeep Wrangler is another iconic SUV that has stood the test of time. Its off-road capabilities and rugged design have made it a favorite among outdoor enthusiasts and adventure seekers. It also has a 5-year resale value of over 50%, making it one of the most valuable SUVs on the market. With its open-air driving experience and advanced features, the Jeep Wrangler is a great investment for buyers looking for a capable and fun SUV.

5. Toyota Tundra

The Toyota Tundra is a full-size pickup truck that has a reputation for reliability and durability. It also has a 5-year resale value of over 50%, making it one of the most valuable pickup trucks on the market. With its powerful engine options and advanced features, the Toyota Tundra is a great investment for buyers looking for a reliable and capable truck.

Other Brands with Good Resale Values
While the brands mentioned above are what we consider the top car, truck, and SUV brands known for producing high-quality vehicles with good resale values—the below brands get honorable mention as brands that also offer excellent value for the money, making them a great investment for those looking for long-term value in their vehicle purchase:

• Chevrolet: Chevrolet has a reputation for producing reliable and durable vehicles that hold their value well. The 2021 Chevrolet Silverado has an estimated resale value of 56.7% after 5 years, according to Kelley Blue Book.
• Honda: Honda is known for producing high-quality vehicles that are both reliable and long-lasting. The 2021 Honda Civic has an estimated resale value of 55.7% after 5 years, according to Kelley Blue Book.
• Hyundai: Hyundai has been making a name for itself in recent years, thanks to its high-quality vehicles that offer exceptional value for the money. The 2021 Hyundai Tucson has an estimated resale value of 53.6% after 5 years, according to Kelley Blue Book.
• Kia: Kia is another brand that has been gaining popularity in recent years, thanks to its high-quality vehicles and excellent value for the money. The 2021 Kia Sportage has an estimated resale value of 53.1% after 5 years, according to Kelley Blue Book.
• Lexus: Lexus is a luxury brand that is known for producing high-quality vehicles that hold their value well. The 2021 Lexus GX has an estimated resale value of 53% after 5 years, according to Kelley
• Volvo: Volvo is a Swedish brand that is known for its safety features and high-quality build. The 2021 Volvo XC90 has an estimated resale value of 51.8% after 5 years, according to Kelley Blue Book. Volvo’s commitment to safety and sustainability, along with its luxurious design, makes it an excellent investment for those who value long-term value and quality.

Obtaining Financing and Loans

Securing used vehicle financing and loans can be a simple process when you go into it with proper preparation and research. In order to be prepared and ready, it’s essential that you first asses your credit score, as it is a crucial factor in determining the interest rates and terms you’ll be offered. Request a copy of your credit report from major credit bureaus and verify it’s accuracy to prevent any negative impact on your score. Additionally, you’ll want to explore your options extensively, as  financial institutions, credit unions, and car dealerships offer auto loans, but terms can vary. By getting pre-approved at a bank or credit union, it can help you as a buyer with a better negotiating position at the dealership. If you’re considering dealer financing, be sure to scrutinize the terms; in some cases, lower monthly payments can be stretched over longer periods, which then result in more interest paid over the life of the loan. Always give special attention to the APR, annual percentage rate, to acquire a clear picture of the loan’s true cost. Lastly, it’s key to be realistic with your budget, opt for the shorter loan if feasible, and consider the fact that a significant down payment can reduce the total loan amount, leading to a more favorable interest rate.

The Importance of Extended Warranty and Resale Value

Investing in an extended warranty for your vehicle is a strategic decision that not only offers peace of mind during ownership but also significantly enhances the resale value of the vehicle. When potential buyers are in the market for a used car, the presence of an extended warranty signals reliability and assurance against unexpected repair costs. This added layer of protection can make your vehicle more attractive and desirable, giving it a competitive edge in the resale market. Prospective buyers often view an extended warranty as a safeguard against potential issues, instilling confidence and contributing to a smoother transaction. In this way, the foresight to purchase an extended warranty not only safeguards your own driving experience but also proves to be a wise investment that pays off when it comes time to sell or trade in your vehicle.

Why is Warranty Important?

A comprehensive car manufacturer warranty is crucial because it provides peace of mind and financial protection for car owners. This type of warranty covers the repair or replacement of major car parts and systems that fail due to manufacturing defects or normal use. It essentially acts as a promise from the manufacturer to stand behind their product, ensuring that the vehicle is reliable and safe to drive. Moreover, it can significantly reduce unexpected repair costs, which can be particularly high for modern vehicles with complex electronics and advanced technology. By having such a warranty, owners are assured that their investment is protected, potentially increasing the vehicle’s resale value. Additionally, it reflects the manufacturer’s confidence in the quality and durability of their cars, which can be a key factor in a consumer’s decision-making process when purchasing a vehicle.