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Did you know that depreciation makes up the biggest portion of the total cost of car ownership? When it comes to buying a new car, it’s important to consider how well it holds its value over time. Depreciation is the difference between the original sales price, and what the vehicle will be worth in the future. Some vehicles depreciate faster than others.
In this 2024 update, Toyota continues to dominate the list of cars with the best resale value, with multiple models making an appearance. Honda follows closely, proving once again that both brands know how to build cars that hold their value. Let’s take a look at the top contenders in terms of resale value in the first five years of ownership.
Jeep Wrangler
5-Year Residual Value: 75%
The Jeep Wrangler has long been known for its ability to retain value. After five years, it’s expected to depreciate just 34%, leaving you with a resale value of around $38,610 if you buy at today’s average selling price of $58,209. For off-road adventurers, the Wrangler’s value retention makes it a solid investment. See our full depreciation breakdown.
After a what feels like a lifetime, the 4Runner is getting a big refresh for 2025. We see no reason to worry about this legend’s reliability with the refresh, nor any damage to it’s phenomenal resale value.
Under normal ownership conditions, the Toyota 4Runner will depreciate just 39% after five years under normal use. With today’s average selling prices, this results in a resale value of about $31,593. If you’re looking for an SUV that holds its value while offering reliable performance, the 2025 4Runner should be on your short list. See our full depreciation breakdown.
The Land Cruiser is back after a short hiatus. As expensive cars sadly become the norm, it makes sense that Toyota would resurrect their luxury SUV with impressive off-road prowess. It’s quite expensive, especially for a Toyota. Today’s average selling price is a hair north of $73,000. After five years, the Land Cruiser retains 74% of its value, with an estimated resale price of $44,791. The time-tested Land Cruiser is a prime choice for anyone looking for a high-end SUV that keeps its value. See our full depreciation breakdown.
With a 5-year depreciation of just $10,127, the Toyota RAV4 is another excellent option for those looking for cars that hold their value. After five years, the average residual value will be around $27,520, making it one of the most practical choices for compact SUV buyers. See our full depreciation breakdown.
The Honda HR-V, the #3 crossover in America in terms of sales, retains 73% of its value after five years. Considering an average selling price of $29,164 when new, the average resale value after 5 years comes out to $21,266. It’s a great option for those who want a smaller SUV that still holds its value well. See our full depreciation breakdown.
The Honda CR-V is a top performer in the small SUV segment, losing just 28% of its value after five years. That leaves CR-V owners with an estimated resale value of $22,354 when starting at an average selling price of $38,461. The Honda CR-V is not just reliable; it’s a smart financial choice for those who care about SUV resale value. See our full depreciation breakdown.
They say it’s shockingly fun to drive considering the attainable price point. There’s yet another reason to love the Miata: low depreciation. The Mazda MX-5 Miata retains 72% of its value after five years, with an expected resale price of $23,885. Brand new, the MX-5 Miata sells for $36,239 on average as of 2024. Known for its sporty handling and fun driving experience, the Miata is one of the top choices for sports car buyers who also want excellent resale value. See our full depreciation breakdown.
The Toyota Tacoma is arguably the best pickup truck on the road for holding its value. After five years, it retains 72% of its value on average. That means after a new selling price averaging close to $47,000, buyers can expect a resale price of around $34,000 after five years. Its combination of reliability, durability, and value makes it a standout among mid-size trucks. See our full depreciation breakdown.
The Toyota Corolla proves that compact sedans can retain their value exceptionally well. With a 5-year depreciation of just 28%, a new Corolla purchased today is expected to retain 72% of its value. Its resale value, low cost of ownership and excellent fuel efficiency help the Corolla sedan survive the modern era’s shift to SUVs and crossovers. See our full depreciation breakdown.
No longer available as a sedan, the Impreza is officially a hatchback for 2024 and 2025. The Subaru Impreza holds onto 72% of its value after five years, with an expected resale price around $19,882. Subaru’s reputation for reliability and standard all-wheel drive make the Impreza a smart choice for those looking for value retention in a sedan that can handle every season. See our full depreciation breakdown.
When it comes to finding cars that hold their value, these cars, trucks, and SUVs are at the top of the list. Time and time again, Toyota and Honda continue to dominate. For 2024 and 2025, other brands like Subaru and Mazda also offer strong contenders for those who shop with resale value in mind.
Need help finding the perfect car with great resale value? Let CarEdge Concierge do the negotiating for you. We’ll help you find the best deals, negotiate the price, and even deliver your new car to your door. Learn more about CarEdge’s car buying service.
When buying an SUV, one thing you’ll want to keep in mind is depreciation. Some SUVs lose value faster than others, which can lead to a lower resale value when you’re ready to trade in or sell. With the consumer in mind, we’re highlighting five family-sized SUVs with the worst depreciation. Although depreciation may not be a dealbreaker, knowing what to expect before making your purchase is always smart. All data is based on the latest 2024 depreciation calculations from CarEdge. Not seeing the model your interest in? See all of our SUV depreciation data here.
Nissan Armada: 52% Value Loss Over 5 Years
5-Year Residual Value: 48%
The Nissan Armada is a full-size SUV with plenty of space and power, but its value drops significantly after just five years. With a 52% depreciation rate, the Armada will have a resale value of around $32,604 after half a decade. For buyers, this could be something to consider, especially if you plan to resell or trade-in the vehicle later.
These depreciation numbers assume the vehicle is in good condition and has been driven an average of 12,000 miles per year. The average selling price for a new Armada is around $68,438.
The GMC Yukon XL is known for its room for the family, but it also has one of the highest SUV depreciation rates. After five years, the Yukon XL will lose around 52% of its value, with a resale price of approximately $42,083. This assumes the average selling price of $87,399, so the depreciation adds up to tens of thousands of dollars rather quickly.
The Buick Enclave combines comfort and attainable luxury in a mid-size SUV package, but it comes with a significant depreciation cost. Today, the average selling price of a new Buick Enclave is $54,186. After five years, the Enclave will depreciate by about 51%, leaving it with a resale value of just $26,416. This might make you think twice, especially if selling your Enclave is a possibility in the next five years.
The Nissan Pathfinder is a legendary mid-size SUV, but it too suffers from a significant depreciation rate. After five years, expect a 49% loss in value, leaving you with a resale price of $23,921. The Pathfinder’s strengths remain, but the depreciation hit is worth keeping in mind.
The Ford Expedition is one of the top three-row SUVs on sale, but it doesn’t hold onto its value as well as some might hope. After five years, the Expedition loses around 49% of its original value. While it’s packed with features, room for eight, and carries a solid reputation, the depreciation hit will cost buyers over $30,000 in resale value after just five years.
When shopping for an SUV, depreciation is a key factor that can greatly affect your long-term cost of ownership. The SUVs listed above have some of the worst depreciation rates in the market, meaning they lose significant value over time. If there’s even a small possibility that you could be selling in the next five years, depreciation should be a top factor in your decision making.
Want expert help to navigate your next SUV purchase? Let CarEdge Concierge do it for you. Whether you’re buying new or used, our team will negotiate the best deal for you and ensure you’re getting the most value for your money. Learn more about CarEdge’s car buying service.
If you’re in the market for a truck but don’t want the hassle of ownership, leasing might just be your best bet. This month, there are some great lease deals on full-size trucks that’ll let you drive off in a brand-new pickup without breaking the bank. Let’s take a look at the best truck lease offers available right now.
The best lease this month: Lease the 2024 Silverado 1500 Crew Cab 4WD Custom with TurboMax from $409/month for 36 months with $4,949 due at signing.
Why it’s great: The Silverado combines raw power with modern comfort, making it one of the most versatile trucks on the market. Plus, the TurboMax engine adds efficiency without sacrificing performance.
The best lease this month: Lease the GMC Sierra 1500 Crew Cab for $389/month for 24 months with $3,609 (for returning GM lessees)
Why it’s great: With a low monthly payment and a short-term lease, this is the perfect option if you’re looking to switch trucks frequently or just want to try out a Sierra without long-term commitment.
The best Tacoma offer this month: Lease the 2024 Toyota Tacoma SR5 for just $449/month for 36 months with $0 due at signing. This is the only zero-down truck lease in October.
Why it’s great: The Tacoma is known as a reliable and rugged mid-size truck. It’s widely seen as the most capable pickup in it’s class. Plus, Tacoma resale value exceeds the competition.
These are the best truck lease deals available in November, but check back as deals change frequently. Whether you’re after a low monthly payment or a short-term commitment, there’s an option here for you. Not quite ready to bring home a deal? More great truck leases will surely arrive in December with year-end sales.
Check back soon for the latest truck deals, all in one spot.
Buying a truck is a costly endeavor, but not all trucks hold onto their value the same way. Some depreciate faster than others, leaving truck owners with less resale value down the road. In this deep dive, we’ll take a look at five trucks that don’t fare well when it comes to depreciation, so you know what to watch out for.
CarEdge’s depreciation rankings were updated with the latest data in 2024, giving you insights on which models are most likely to drop in value in 2025 and beyond. When we talk about “5-year residual values,” we’re referring to the percentage of a vehicle’s original value that it retains after five years. The higher the percentage, the better it holds its value—but for these trucks, the numbers aren’t looking too good.
Ford F-150: 49% 5-Year Residual Value
The Ford F-150 might be a top-selling truck, but when it comes to value retention, it’s the worst. After five years, the F-150 will have lost around 51% of its original value, leaving you with a resale price of about $30,245. While it does well in the first few years, it starts to lag behind rivals like the Chevy Silverado as time goes on.
Should you avoid this truck? Not necessarily, but be aware of how fast it loses value. If you’re deciding between the F-150 and another truck, it might be worth considering factors other than just resale value, like features, towing capacity, or reliability. For instance, both the Chevy Silverado 1500 and Ram 1500 pickups maintain their value better than the F-150.
The chart above shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $61,927 when new. This is the average selling price of a new F-150 today.” See our full depreciation analysis for the Ford F-150.
The GMC Sierra 2500 HD doesn’t depreciate quite as quickly as the F-150, but it still loses around 45% of its value over five years. If you buy one new at the current average selling price of $87,897, expect it to be worth around $48,247 after five years.
Heavy-duty trucks like the Sierra 2500 often fare better in the long run, thanks to their durability and strong market demand. But even with that in mind, a nearly 50% drop in value is something to keep in mind if you’re looking at this model.
The chart above shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $87,897 when new. See our full depreciation analysis for the Sierra 2500.
Similar to the Sierra 2500, the Ford F-250 Super Duty retains just over half its value after five years. Starting at an average selling price of $72,489, it’s likely to be worth about $39,833 after that period. That’s a depreciation of $32,656, which isn’t insignificant for a heavy-duty truck.
The Nissan Titan depreciates a bit more slowly than others on this list, but it’s still going to lose about 52% of its value in five years. From a starting price of $58,711, you’ll be looking at a resale value of around $28,463 after half a decade.
Nissan’s full-size truck may not be as popular as the F-150 or Silverado, but if you’re a fan of what it offers, be prepared for its resale value to dip more than average.
The chart above shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. See our full depreciation analysis for the Titan.
Chevrolet Silverado 2500 HD: 59% 5-Year Residual Value
The Chevy Silverado 2500 HD edges out the Titan with a 5-year residual value of 59%, meaning it loses 41% of its value over that time. If you purchase one for $66,710, expect it to be worth about $39,139 after five years.
It’s important to remember that these are the trucks with the worst depreciation. Several popular models fare better, including the Chevrolet Silverado 1500, GMC Sierra 1500, and trucks from Ram and Toyota. Browse our complete depreciation rankings for free.
In the market for a new or used truck? Let us do the negotiating for you. CarEdge Conciergeis the best-rating car buying service in America. Learn moreabout how we can deliver your next truck to your door, all while saving you thousands of dollars.
When shopping for a car, the last thing you want is to end up with is a lemon. A Lemon Law car is a vehicle plagued with defects that can lead to endless repairs, frustration, and unexpected expenses. Fortunately, there are several telltale signs that can help you avoid purchasing a lemon. Here’s how our CarEdge pros keep an eye out for lemon cars when shopping for our Concierge service.
1. Check the Vehicle History Report
One of the first steps in evaluating a used car is to obtain a vehicle history report from a service like Carfax. Don’t accept a report from an issuer you’ve never heard of, or very little is known about. This report provides crucial details about the car’s past, including any reported accidents, title issues, service records, and whether it has been labeled a lemon by previous owners. A clean history report is a good sign, but be wary of any red flags such as frequent ownership changes or multiple repairs early in the car’s life.
2. Beware of “Too Good to Be True” Deals
If a deal seems too good to be true, it probably is. Extremely low prices compared to similar models on the market could be a sign that the seller is trying to offload a lemon. Always research the fair market value of the car you’re interested in and be cautious if the price is significantly lower without a reasonable explanation. It can’t hurt to ask the salesperson why the car is offered at such a good price. CarEdge Insights is the perfect research tool for every car buyer, and includes detailed, local car price data.
3. Inspect the Exterior and Interior Thoroughly
A careful inspection of the car’s exterior and interior can reveal signs of previous damage or poor maintenance, in addition to a possible Lemon Law car. Look for uneven paint jobs, mismatched body panels, or rust, which could indicate previous accidents or improper repairs. Inside, check for wear and tear that doesn’t match the car’s age or mileage, such as overly worn seats, broken switches, or a musty smell, which could point to water damage.
Even if a car has been repaired, the quality of those repairs matters. Check for signs of shoddy workmanship, such as misaligned body panels, uneven gaps around doors or hoods, and poorly fitting trim pieces.
4. Have a Trusted Mechanic Inspect the Car
Even if the car seems perfect on the surface, it’s wise to have a trusted mechanic conduct a pre-purchase inspection. A mechanic can check the car’s engine, transmission, suspension, and other critical components for issues that might not be obvious during a regular inspection or test drive. This professional evaluation can save you from unexpected repairs and costs down the road.
If the seller gives any pushback at all, this is a major red flag. It’s reasonable for them to ask questions considering that you’d be taking their car to a shop. Offer for them to come along to assuage any concerns. Regardless, our CarEdge experts don’t budge on this: no pre-purchase inspection on a used car? No deal.
A thorough test drive is crucial for uncovering hidden issues. Pay attention to how the car handles, brakes, and accelerates. Listen for any unusual noises, such as clunking, grinding, or whining, which could signal mechanical problems. Also, test all of the vehicle’s features, including the air conditioning, infotainment system, and lights, to ensure everything is in working order.
If you’re not too familiar with how a car should drive, invite someone who is along for the ride. This could be covered under the pre-purchase inspection we just covered above.
6. Review Warranty and Lemon Law Protections
If you’re buying a used car, check if any of the manufacturer’s warranty is still in effect. This can offer some protection if you end up with a lemon. Additionally, familiarize yourself with your state’s lemon laws, which provide legal recourse if you purchase a defective vehicle. Knowing your rights can help you make a confident purchase and protect yourself if something goes wrong. Consider extended warranty coverage for peace of mind. Learn more about CarEdge’s extended warranty, the most transparent coverage on the market.
Spotting a lemon law car before you buy can save you from a world of hassle and expense. By following these critical steps, you can minimize the risk of ending up with a problematic and wallet-draining vehicle. Remember, it’s better to invest a little extra time in the buying process than to deal with the consequences of purchasing a lemon.