Cars aren’t typically considered investments, but it’s natural to hope they retain some value when it’s time to sell, trade them in, or finally pay them off. Some models perform better than others in this regard, often in surprising ways. Certain vehicles depreciate at a slower rate, making them smarter choices for buyers who prioritize long-term value.
A recent study on vehicle depreciation highlights the best options for those looking to maintain resale value.
As of 2023, cars are holding their value better than they did in 2019, with average depreciation dropping from 50% to 38.8% over the first five years. With that in mind, let’s take a closer look at the models that depreciate the least.
1. Toyota Corolla
The Toyota Corolla remains a top choice for buyers seeking a reliable, no-frills small sedan. Known for quality and trust, it retains value exceptionally well, depreciating just 24.5%—a mere $5,800—over five years.
Despite its efficient yet uninspiring base engine and limited cargo and rear-seat space, the Corolla’s strong resale value makes it a smart investment. For those prioritizing dependability and affordability, this sedan remains a compelling option.
2. Subaru Crosstrek
With a five-year depreciation of 24.5% (-$7,214), the 2024 Subaru Crosstrek retains its value exceptionally well. Fully redesigned, it remains a top contender in the subcompact crossover segment, thanks to standard all-wheel drive, making it a great all-weather choice.
Spacious and comfortable, it boasts advanced technology and safety features. Compared to its front-wheel-drive rivals, the Crosstrek stands out as a dependable option for commuters and families, maintaining strong resale value in the used market.
3. Chevrolet Camaro
With a five-year depreciation of 24.2% (-$10,161), the Chevrolet Camaro remains a strong value in the sports car segment. The 2024 model marks its final production year, making it a great time to grab a limited edition.
While it has typical sports car drawbacks—tight cabin, small trunk, and limited visibility—it delivers an exciting driving experience. Despite its flaws, the Camaro holds its value well, making it a compelling choice for enthusiasts and collectors alike.
4. Subaru BRZ
The Subaru BRZ is an excellent value, with a five-year depreciation of 23.4% (-$8,114). As a rear-wheel-drive sports coupe, it offers an exciting driving experience at an affordable price and retains its value better than its Toyota GR86 counterpart.
The BRZ is simple yet effective, focusing on what matters most without unnecessary features. For those looking for a low-cost, fun-to-drive car that holds its worth, the Subaru BRZ is a great choice.
5. Honda Civic
The Honda Civic, with a five-year depreciation of 21.5% (-$5,817), stands out for retaining its value better than most affordable cars. Winner of the 2024 Best Compact Car for the Money award, it offers great value in both its sedan and hatchback versions.
Known for its practicality and reliability, the Civic remains a solid choice for buyers seeking a useful, long-lasting car that will retain its worth when fully paid off.
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6. Jeep Wrangler
The Jeep Wrangler, with a five-year depreciation of 20.8% (-$8,951), may not be the most practical compact SUV, but it’s among the best for off-road adventures. Prioritizing rugged performance over comfort and efficiency, the Wrangler remains an iconic vehicle with enduring appeal.
The more practical Wrangler Unlimited is also highlighted for its strong value retention. Despite its drawbacks, the Wrangler holds its value exceptionally well, making it a top choice for those seeking a capable, adventure-ready SUV.
7. Toyota Tacoma
The Toyota Tacoma, with a five-year depreciation of 20.4% (-$8,359), ranks near the top of compact pickup trucks, particularly after its 2024 redesign. Even the previous generation holds its value well.
While it doesn’t tow as much as some rivals and the back seats in two-row cabs are a bit cramped, the Tacoma offers a range of efficient and powerful engines. It’s also known for its smooth ride and comfort on the road, making it a solid pickup choice.
8. Porsche Cayman
The Porsche Cayman, with a five-year depreciation of 17.6% (-$13,372), is a top choice in the luxury sports car category. Known for its comfort and exhilarating driving experience, it offers impressive acceleration and precise handling.
However, the Cayman’s two-seat capacity limits its appeal for many buyers, making it less practical for those needing more passenger space. Despite this, its performance and value retention make it a standout option for sports car enthusiasts.
9. Porsche 911
The Porsche 911, with a five-year depreciation of 9.3% (-$18,094), is exceptional at retaining its value, making it a standout for those seeking a luxury car that resists depreciation.
While it’s expensive and impractical for most buyers, its ability to hold value is a strong selling point for those considering the purchase. If you’re contemplating a new 911, knowing it won’t lose much value in the first few years could make it a more appealing option.
When buying a car, many people focus on aspects like comfort, performance, and cost. However, it’s just as important to consider long-term value, especially when the time comes to sell, trade, or pay off the vehicle.
The cars highlighted here are among the best at retaining value, proving that some vehicles can be smart investments despite inevitable depreciation.
Whether you’re interested in a dependable sedan like the Toyota Corolla, an off-road-ready Jeep Wrangler, or a luxurious Porsche 911, these models offer strong resale value and lasting appeal.
Each excels in its category, balancing practicality, performance, and value retention. By choosing one of these options, you not only enjoy an excellent driving experience but also make a wise investment for the future.
If retaining value is a priority, any of these cars would be a solid choice. As depreciation rates continue to affect the market, vehicles with slower depreciation are becoming more crucial for buyers looking for a good deal both now and in the future.
Make an informed decision, and you’ll reap the long-term benefits of a car that holds its worth.
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