The purchase of a new vehicle can potentially make or break your financials, so it’s important to get it right. For many of us, the only figure we pay attention to is the upfront cost of the car, whether that be the total sticker price or at least the monthly payments.
However, there is another piece of data that we should take into consideration, and that’s resale value. After all, these cars aren’t going to be with us forever. In fact, chances are, we are going to get rid of them in a few years. So why not get as much of your money back as possible when it comes time to sell.
Which is why Kelley Blue Book compiled a list of the 10 vehicles with the best resale value on sale in the US.After five years of ownership, the publication’s data indicates that the average new car is worth only 33% of its original sticker price. However, the 10 vehicles featured on this list held an average of 50% of its value. On a $30,000 ride, that translates to an extra $5,000 in the owner’s bank account after five years, KBB wrote.
Here’s a chart highlighting the 10 vehicles with the highest retained value after three and five years of ownership.
- Mike Nudelman/Business Insider