There are several important things to keep in mind when considering a used car: vehicle history, mileage, inspection reports, and resale value. Resale value is basically what the car will be worth once it’s driven for a few years and you attempt to sell it or trade it in. Certain makes and models hold their values better than others, so it’s good to know which models are likely to earn you some good money or a nice trade-in when you’re ready for a different vehicle. Here are five used car models that are known for high resale values.
1. Jeep Wrangler
The Wrangler is a beloved SUV thanks to its unique style, rich history, and impressive capability. Car buyers are always looking to buy used Wranglers, and high demand means high value. Because they are built to withstand rough terrain, they tend to hold up well over the years, especially if they’re mostly driven on city roads and highways. The new generation of Jeep Wrangler was introduced in 2018, so any used model after that year will hold a high value until the next generation comes out.
2. Toyota Camry
In the mid-size car category, the Toyota Camry does well across the board. These models are known for fuel efficiency, reliability, and high resale values. The Camry offers some legroom without sacrificing handling and agility. A new generation of Camry was introduced in 2018, so any models from that year on will hold value especially well in the coming years.
3. Dodge Challenger
If you’re looking for something with some serious kick and attitude, the Dodge Challenger is a great used car. This model tends to hold its value better than any other car in the muscle category. The Challenger pays homage to the classic muscle car and isn’t distracted from power by unnecessary changes or frills. Dodge Challengers are only in their third generation, with the last major design overhaul in 2008.
4. Toyota 4Runner
With off-road capability, an available third row, and impressive towing power, the Toyota 4Runner is always an attractive buy and therefore retains its value well. The newest generation of 4Runners was introduced in 2010, with several upgrades to technology and safety since then. Toyota 4Runners are ideal for true adventurers who need plenty of space for passengers or cargo or for drivers who live off the beaten path.
5. Chevrolet Silverado 1500
Finally, drivers looking for a full-size pickup truck will find strong resale value in the Chevrolet Silverado 1500. This beast of a truck is built to last and it will. Recently introduced with a new design in 2019, the Silverado 1500 is all up-to-date. With luxurious interior options and a roomy cab, you can not only tow up to 12,200 pounds but enjoy comfort at the same time. Whether you’re looking to trade in your vehicle or buy a car that’s new to you, head into Rath Auto Resources and let us help. We’ll be happy to take you out for a few test drives.
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