Best Used SUVs That Have Great Resale Value
Used car prices are pretty high, especially when you opt for the larger SUV models. You will want to choose the best-used SUVs that can hold their value for the long term. If you are in the market for a used SUV and looking for the best value, then here are some great options that will be worth the investment.
Honda CRV
One of the all-time favorite small crossovers is the Honda CR-V; in fact, it bested other models in its class when it comes to functionality and price. Any trim level is enjoyable to drive, and its roomy inside is packed with creative packaging ideas. Because of this SUV’s many great qualities, you can ignore its small infotainment screen and weird rear appearance. The CR-V range consistently retains 53 percent of its value, placing it rightfully on this list among SUVs with the highest resale values.
Toyota RAV
The Toyota RAV4 Prime is another great option. Due to rising petrol costs, the cost of hybrid and electric vehicles has skyrocketed recently. The Prime is the latest hybrid version of the RAV4. The resale value of the Toyota RAV4 Prime increased by 12%. The highest increase was last month, also seen in vehicles from the 2018 to 2021 model years.
Subaru Forester
Consumer Reports puts the Subaru Forester top in the small SUV category, just like its younger sibling, the Crosstrek. According to experts, it should hold 47% of its value after five years. The Forester offers most of the benefits of the Crosstrek, including its fuel economy and amiable driving style, but in a larger vehicle. The new Wilderness option of the Forester gives you a suspension system that can handle more off-road circumstances than previous SUVs based on cars, even though it wasn’t intended to be a rock crawler.
Toyota 4Runner
Some SUVs will maintain their value better than others. The question is which automobiles are expected to maintain the most proportion of their original sticker price. According to experts, the 4Runner will keep 58% of its value over the next five years.
The 4Runner, which Toyota based on the Tacoma, holds 70% of its value. However, the 2022 Toyota 4Runner, especially in TRD variants, remains one of the greatest off-road SUVs you can buy until the 4Runner is redesigned in 2023. It is not a high-end SUV, but the 4Runner easily tackles challenging situations. Most people are unaware that the 4Runner can accommodate two extra passengers with an optional, compact third row.
Kia Sportage
The 2021 Kia Sportage receives excellent reviews for its design and sportiness despite not being the most fuel-efficient small crossover on the market. In the Kia showroom, the Sportage is sandwiched between the bigger Sorento and smaller Seltos. It competes in a congested segment with notable models like the Mazda CX-5 and Honda CR-V. Even though this UTE’s cargo capacity isn’t great, its cabin is attractive and has plenty of room for passengers. Each Sportage is fun to drive and has a smooth ride, but the top-of-the-line model has a tremendously speedy turbocharged engine. Customers will also like Kia’s extensive list of standard entertainment and driver assistance systems.
The Sportage’s cabin is well-designed and packed with superb components and practical amenities. The space is more than enough for passengers but not for luggage. The back seats can accommodate adults. However, some might not like how low the seat cushion is positioned. The class’s modest cargo room and lack of stowage for smaller items are largely offset by its seats-down carry-on baggage capacity and moveable load floor.
Jeep Grand Cherokee
The Jeep Grand Cherokee combines on-road comfort with off-road capabilities. This SUV has an attractive outward style, and a new plug-in hybrid model can go 26 miles on just electricity. We were thrilled that the new WL model drove like a contemporary SUV after the outdated WK2-generation vehicle started showing its age. The Grand Cherokee is a popular family-hauling vehicle. That is reflected in its resale value. After five years, you can anticipate the Jeep Grand Cherokee to keep 54% of its value.
The attraction of the Jeep Grand Cherokee is increased by the fact that it combines remarkable off-road prowess with on-road finesse, provides a wealth of optional luxury amenities and equipment, and has the tough, natural appearance that Jeep owners adore. You also get three different powertrains to choose from.
Ford Bronco Sport
The Baby Bronco outperformed its big brother in terms of value retention during a five-year period. The Ford Bronco Sport, a smaller body-on-frame crossover that can replace the large Bronco, will hold 57% of its value after five years. It still sports a fantastic, rough style, which is a major selling point. Although it performs well off-road, it is nevertheless quiet and comfy when driving. Additionally, there are ingenious storage options that make it a great all-around vehicle. In other words, it offers a lot of the appeal of the standard Bronco without the drawbacks of regularly operating an off-road vehicle.
The Bronco Sport looks to provide 95% of its bigger sister’s enjoyable, quirky features without any drawbacks in terms of build quality or everyday usability. You are constantly reminded that you are operating anything other than an upgraded Escape. The commanding exterior design, the infotainment system, and the ample front and back headroom provided by the high-stepped roof received praise from several assessors. No other compact SUV compares to how boxy and airy the Bronco Sport feels.
Subaru CrossTrek
The 2022 Subaru Crosstrek will keep 52% of its value. Not surprisingly, given that the subcompact sport-utility vehicle category was voted No. 1 by Consumer Reports. The Crosstrek is renowned for its expected dependability, excellent fuel economy, and user-friendly infotainment system. Subaru has three engine choices for 2022: a tiny four-cylinder, a bigger four-cylinder, and a PHEV version of the Crosstrek with a range of up to 17 miles. Overall, a great deal when purchasing a used model online.
Do you intend to use your new SUV indefinitely? We didn’t think so either. That is why it’s crucial to take resale value into account while shopping for a new SUV. You don’t want to invest in an SUV that will quickly lose all of its value. Generally speaking, new SUVs lose 50% of their original value after three years. Resale value is still significant, even if that might not be the case in the current market, given the lack of new autos.
In any case, if you choose the appropriate SUV, you will be able to swap it in for another one later on. Whether you want to trade it in or sell it yourself, resale value is still crucial. You can always visit PAAutoSales.com to find the best options when shopping for a used SUV or crossovers.
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