For many people, getting a vehicle is a significant investment. When it comes to that kind of investment, most people are looking for a vehicle that will hold its value and be able to be sold at a later date for a good amount of money. For those in the market for an SUV, you may be wondering what are the most reliable options for holding their value?
Luxury SUVs, like the Lexus RX, tend to hold their value better than others. According to Kelley Blue Book, the Lexus RX holds an average of 60% of its original value after five years. The RX is a great choice for those looking for a reliable, luxurious SUV. It comes with a variety of features and options, such as a powerful V6 engine, a comfortable interior, and a wide range of safety features.
Another great option is the Toyota 4Runner. This is a great SUV for those looking for something rugged and reliable. The 4Runner can handle off-road terrain with ease, and it also holds its value quite well. According to Kelley Blue Book, the 4Runner holds an average of 58% of its original value after five years. It comes with a powerful V6 engine, a roomy interior, and a host of features and options.
The Honda CR-V is another great option for those looking for an SUV that holds its value. The CR-V is a great option for those looking for a reliable, comfortable ride. It comes with a large cargo area, a comfortable interior, and a variety of safety features. According to Kelley Blue Book, the CR-V holds an average of 56% of its original value after five years.
Finally, the Jeep Grand Cherokee is another great option for those looking for an SUV that holds its value. The Grand Cherokee is a great choice for those looking for a reliable, off-road capable vehicle. It comes with a powerful V6 engine, a comfortable interior, and a variety of safety features. According to Kelley Blue Book, the Grand Cherokee holds an average of 54% of its original value after five years.
Each of these SUVs provides a great option for those looking for a vehicle that will hold its value over the years. The Lexus RX, Toyota 4Runner, Honda CR-V, and Jeep Grand Cherokee all provide a reliable, comfortable ride and are great choices for those looking for an SUV that will hold its value.
Factors That Make An SUV Hold Its Value Longer
When it comes to buying an SUV, there are many factors that can affect how much the vehicle holds its value. The type of vehicle, its condition, and the options it is equipped with are all important factors that can influence its resale value. A well-maintained vehicle with the right features can hold its value longer than one that is not taken care of or has fewer features. Below we will explore the various factors that can make an SUV hold its value longer.
Vehicle Type
The type of SUV you buy will have an impact on how long it holds its value. For instance, some of the most popular SUVs, such as the Jeep Grand Cherokee and Ford Explorer, tend to retain their value over time. These vehicles are well-known for their reliability and durability, which makes them attractive to buyers who want to get years of use out of their SUV.
Condition
The condition of the SUV is another factor that can influence its resale value. A vehicle that has been well-maintained and is free of any major mechanical or body damage will hold its value better than one that has not been taken care of. Even small blemishes can affect the value of the vehicle, so it is important to keep the SUV in good condition if you want it to hold its value.
Options
The options and features included in an SUV can also affect its value. Many buyers are willing to pay more for vehicles that are equipped with the latest technology or safety features. If you are looking for an SUV that will hold its value, be sure to look for one that is equipped with the features you want.
Brand
The brand of the SUV is also an important factor in determining its resale value. Certain brands, such as Toyota and Honda, are known for their reliability and high resale value. If you want an SUV that will hold its value, it is best to stick with a brand that is known for its quality.
| Vehicle | MSRP | 5 Year Retention (Approx.) |
|---|---|---|
| Jeep Grand Cherokee | $35,000 | 60% |
| Toyota Highlander | $41,000 | 62% |
| Ford Explorer | $34,000 | 58% |
| Honda Pilot | $37,000 | 64% |
The table above shows the approximate five-year retention rate for some of the most popular SUVs. As you can see, the vehicles with the highest retention rates are the ones that have a good reputation for reliability and quality. The Jeep Grand Cherokee, Toyota Highlander, and Honda Pilot are all well-known brands that tend to hold their value well.
These are the main factors that can make an SUV hold its value longer. By taking these factors into consideration, you can find an SUV that will hold its value better over time. It is also important to make sure that you take good care of the vehicle by regularly servicing it and keeping it in good condition.
The Top 5 SUVs That Retain Their Value Best
The SUV market is growing rapidly. It’s no surprise that many people are looking for the best SUV that will retain its value over time. There are a variety of factors to consider when choosing the best SUV for you, including cost, performance, and features. To help you make an informed decision, we’ve compiled a list of the top 5 SUVs that retain their value best.
The first SUV on our list is the Toyota Land Cruiser. This classic SUV has been around for decades and is renowned as one of the most reliable cars on the market. It’s also known for its excellent resale value because of its reputation for durability and longevity. The Land Cruiser offers plenty of features, including a powerful V8 engine, a powerful air suspension system, and a luxurious interior.
The second SUV on our list is the Jeep Grand Cherokee. This popular SUV has been around since the early 1990s and has been a favorite among drivers ever since. It offers an impressive combination of performance, comfort, and off-road capability. The Grand Cherokee is a great option for those who want a capable and reliable SUV that won’t depreciate too much over time.
The third SUV on our list is the Ford Expedition. This full-size SUV offers plenty of room for the whole family and is a great option if you’re looking for a powerful and reliable SUV. The Expedition has excellent resale value due to its robust engine, spacious interior, and advanced safety features.
The fourth SUV on our list is the Nissan Armada. This large SUV offers plenty of room for your family and gear. It’s also known for its excellent resale value due to its robust engine, comfortable interior, and advanced safety features.
The fifth SUV on our list is the Chevrolet Tahoe. This classic SUV has been around since the early 1990s and has been a favorite among drivers ever since. It provides a reliable and powerful engine, spacious interior, and advanced safety features, which makes it a great option for those who want an SUV that will retain its value over time.
The SUVs on this list all offer excellent value for money and will help you keep your car’s resale value high. If you’re looking for an SUV that will retain its value over time, these five are a great place to start.
The Top 5 SUVs That Retain Their Value Best:
| SUV | Price | Features |
|---|---|---|
| Toyota Land Cruiser | $85,000 | V8 engine, air suspension system, luxurious interior |
| Jeep Grand Cherokee | $50,000 | Performance, comfort, and off-road capability |
| Ford Expedition | $53,000 | Robust engine, spacious interior, advanced safety features |
| Nissan Armada | $46,000 | Robust engine, comfortable interior, advanced safety features |
| Chevrolet Tahoe | $50,000 | Powerful engine, spacious interior, advanced safety features |
The Toyota 4Runner tends to hold its value the longest out of the SUVs.
Factors such as make, model, age, and condition of the vehicle are taken into consideration when determining the value of an SUV.
The cost of owning an SUV varies depending on the make, model, and condition of the vehicle but are typically more expensive than cars.
Consider features such as the vehicle’s age, condition, fuel efficiency, safety rating, and manufacturer reputation when looking for an SUV that will hold its value.
Generally, yes, more expensive SUVs are more likely to hold their value than less expensive models.
Most SUVs are reliable and dependable vehicles, though their longevity can vary depending on the make and model.
Yes, certain brands of SUVs such as Toyota, Honda, and Lexus tend to hold their value better than other brands.
General maintenance such as oil changes, tire rotations, and inspections are required to keep an SUV running properly.
Whether it is better to buy a new or used SUV depends on the individual’s needs and budget.
An extended warranty may be beneficial if there is a possibility of unforeseen repairs, however it is up to the individual to decide whether or not it is worth the price.
