Which Cars Retain their Value the Most?
Which cars retain their value the best? We examine the top 10 vehicles with the lowest depreciation values. While many of us know that purchasing a brand-new vehicle right off the lot is an exhilarating experience, it’s also one that fades almost as fast at the value of the vehicle we’re buying. We get all hopped up on that new car smell, the fancy bells and whistles that we all paid a little too much for, and that shiny glimmer that only a fresh coat of paint has. But many of us found out shortly after that the vehicle we spent a good $25,000 + on is now worth about half as much after just the first year. That number can vary depending on the number of kilometers put on the vehicle, the maintenance schedule, and whether or not the vehicle has been smoked in, but generally speaking your vehicle depreciates substantially after the initial purchase no matter what you do.
How Do You Circumvent That Vehicle Depreciation?
The best way is to make sure that your new vehicle purchase is a smart one. Some cars hold onto their resale value better than others, which is what we’ll explore in this article. That way you can make a more informed decision about what your next purchase should be, if you decide to go ahead and buy brand new from a dealership again.
The Top 10 Vehicles That Hold Their Value the Best
Most of the vehicles on this list are SUVs and 4X4’s because in this day and age, crossovers and all-terrain vehicles are the most practical solution for people who live in and around the Lower Mainland. Regardless, these are the top 10 vehicles that make purchasing a new car much more practical and budget friendly in the long run.
- Jeep Wrangler
- Jeep Wrangler Unlimited
- Porsche 911
- Toyota Tacoma
- Toyota Tundra
- Ford Mustang
- Chevrolet Corvette
- Chevrolet Camaro
- Dodge Challenger
- Toyota 4Runner
Many of these vehicles retain their value not just because they are quality vehicles made with impressive and practical design, but because they have always been fan favourites and this makes them even easier to resell. If you own any of the above vehicles, and are considering selling it, you should talk to Cash For Cars BC before you head to any local dealership. We offer the most cash for cars in Metro Vancouver and the Fraser Valley, and no other local used car buyer can deliver the same level of customer service that we can.
Why Do the Top 10 Brands Hold Their Value So Well?
For starters, each brand in the top ten list has varying reasons why they hold onto their value so well. In general, any well-made vehicle with a decent following of fanatics will recoup some of what you put into it very well. So, if you’re thinking about selling any of the above vehicles, be sure to talk to us first because NOBODY pays more cash for cars than we do, especially if it’s a make and model that holds their value well.
Jeep: Jeep made the list twice because not only are they well-built durable vehicles, they are made for off roading. They have a very solid fanbase that has lasted many generations since they were first introduced into the auto world in 1940 through the military. If the government relies on these vehicles to help protect our country, you know it’s quality and worth every penny of its sticker price.
Porsche 911: The Porsche 911 has always been a highly coveted vehicle because of its superior design and its quality craftmanship. Nearly any Porsche model of vehicle will retain much of its original value for this reason, but the 911 has always been in a class of its own. There aren’t many 911’s on the market compared to the demand for it, which is why it’s able to command so much money on the used car market. If you are one of the lucky people to own a Porsche 911 and are looking for a great place to sell it for the most cash, talk to us. We are the #1 used Porsche buyer in Vancouver and surrounding areas.
Toyota Tacoma & Tundra: Two Toyota trucks made the top ten list because they are both world renowned for having excellent quality and supreme reliability as far as trucks go. Many of their competitors have tried to compete by offering trucks made with more creature comforts or better towing capacity, but nothing comes close to the longevity that is awarded when you purchase a Toyota Tundra or Toyota Tacoma. This is one of the reasons we love buying used Toyota trucks too, because there is a high demand for used ones, and we are able to pay our customers so much more for them than any other used truck buyer in Vancouver will offer.
Ford Mustang: Ford vehicles have never historically had a name for being reliable or well-made, but the Ford Mustang has always been a fan favourite as far as American sports cars go. Since the very introduction of this vehicle into the car buying market, people have been in love with it for a variety of reasons. It definitely has an aspirational appeal to it that so many people, young, middle-aged, and old covet. The different options of convertible, 2 door, 4 door, and many different engine sizes is just part of why the Ford Mustang has such a following across many different demographics. This is why it’s so easy to get more cash for your car if it’s a Mustang. It doesn’t matter what year, or what model either; if it’s a mustang, you can get a pretty penny for it. Talk to one of our used car buyers to find out how much cash you can get for your car.
Chevrolet Corvette & Camaro: Again, two other American sports car models make the top ten list, and for similar reasons to the Ford Mustang. A strong following of American sports car enthusiasts is the main reason why these two Chevys made the top ten list. Combine that with many different and exotic customizable features, and you’ve got a recipe for success. If you’re
the proud owner of a Corvette or Camaro, new or old, talk to our used car buyers because we are ALWAYS happy to buy these models and pay top dollar for them.
Dodge Challenger: Much like the Porsche 9121, this sports car is in a league of its own compared to the Corvette, Camaro, and Mustang. It’s not big on quality or craftmanship the way the 911 is, but with its angry stance, supped up engine, and gorgeous but practical interior, the Dodge Challenger is and has always been a big hit with car enthusiasts. There are many Dodge Challenger car clubs across BC, and many people spend their weekends racing these bad boys at the Mission Raceway in Mission, BC. There are MANY people looking to buy used Dodge Challengers, so if you have one to sell, contact our used car buyers today to find out just how much cash we’ll pay you for your car.
Toyota 4Runner: Last, but definitely not least, another Toyota makes the top ten list. This model of 4X4 has been one of Toyota’s greatest inventions, and has been a longtime fan favourite for over 35 years. Known as one of the most indestructible 4X4’s on the market, it’s no wonder why off-roading enthusiasts regard this as being better than a jeep. With awesome creature comforts, amazing rock crawling capabilities, and cheaper parts than its Jeep rival, many people choose Toyota when they are choosing a vehicle to take out into the bush. That’s why there are also many Toyota 4Runner clubs across the Lower Mainland as well.
We Pay the Most Cash for Cars in Metro Vancouver & the Fraser Valley
To give you a clearer picture of how much value the vehicles above retain, take a look at the chart below that outlines how much value it loses over a 5-year term.
The top 10 list of vehicles that that hold their resale value the best is a helpful guide to what next new car purchase you might want to consider making. It is however, not an all-inclusive list of vehicles that hold their value really well. That’s why it’s important to speak with a professional before selling or trading in any used vehicle. Our licensed used car buyers in
Vancouver and the Fraser Valley are experts in the car buying business. We are always looking to buy used cars, trucks, SUVs, and vans, especially if they are one of the top 10 vehicles from this article.
Why Understanding the Value of Your Vehicle Matters
You may think that just knowing what your car is worth is important so that you can keep some of the money you’ve put into it when it comes time to trade it in, but that’s not the only reason why it’s important. If you’re considering buying or selling a used vehicle, it’s important to know it’s true value so that you can establish what is a fair price to sell your car for, and what is a fair price to buy a used car for. It’s also important to know it’s true value before you ever head to a dealership, because even our friends at Carter Honda may not realize the true value in your used vehicle. Always talk to the experts at Cash For Cars BC because we DO know the value in used cars, and that’s why we’ve been the #1 used car buying business in the Lower Mainland since 1998.
Contact Our Friendly & Helpful Used Car Buyers Today!
All it takes is a simple phone call to get a free estimate on what we’ll pay you for your used car, truck, SUV, or van. Our used car buyers will ask some basic details about the vehicle you are selling, then arrange a time to have an in-person inspection done to give you a solid cash offer. We make it easy because we come to you, we pay in cash, and NOBODY pays more! Call or text us today to get a free estimate on your used vehicle. If you’re looking for the most cash for cars in Metro Vancouver or the Fraser Valley, you’ve got it with Cash For Cars BC!