Choose Toyota If You Want the Best Resale Value
This thing somehow keeps 98% of its value after three years.
If you think of your car as more than just a set of wheels to get you around but also as a financial investment, you probably ought to think about buying a Toyota next time you’re in the market for a new ride.
It’s no secret that the biggest cost of owning a vehicle comes from depreciation—not fuel consumption, taxes and fees, maintenance, or anything else. The moment you drive off the lot with a new car, it instantly loses value and continues to lose a significant chunk of it throughout the first three years of ownership. That means that if you intend to sell the car later down the line, you’ll want a car with low depreciation to get as much of your money back as possible.
Apps for Driving: Getting around easier with the best navigation apps
According to the National Automobile Dealers Association (NADA), which tracks trade-in values to gauge how well vehicles hold their value, the average model in the automotive industry retains about 53% of its value after three years. If that simply doesn’t cut it for you though, the stats show you may be best off going with Toyota.
Six of the Japanese brand’s offerings lead their class in retained value: the Toyota FJ Cruiser (compact SUV), 4Runner (mid-size SUV), Sequoia (large SUV), Tacoma (mid-size pickup), Tundra (large pickup), and Sienna (mid-size van).
Better yet, Toyota models made up three of the industry’s top four best performing models (and four of its top 10), including the FJ Cruiser with a whopping 98% of its value retained after three years. That’s… actually pretty incredible.
Of course, you could just buy used. But if you’d rather get a new car that can still pay for the majority of the next one in a few years, buying a new Toyota seems like the best way to achieve this.
An Alternative to Buying: Buying vs. leasing explained
Source: Car and Driver
The News Wheel is a digital auto magazine providing readers with a fresh perspective on the latest car news. We’re located in the heart of America (Dayton, Ohio) and our goal is to deliver an entertaining and informative perspective on what’s trending in the automotive world. See more articles from The News Wheel.