Currency
Profitable investment: which cars will be expensive in 5 years
Buying a car is an important and long-term decision. Drivers want to know that their investment will retain its value over time. New models are released every year, but not all of them will be worth their money in five years.
There are cars that have proven to be durable, offering a combination of reliability, performance, and continued appeal. Experts have compiled a rating of cars that will not lose value on resale.
Honda Civic
Honda Civic is a reliable long-term choice. There is a good reason why the model has been and remains a favorite in its segment for a long time.
"The Civic has a reputation for reliability and retains its resale value over time. With relatively low maintenance, you'll get the potential for 500,000 miles or more," said Michael Santiago, senior financial editor at RetireGuide.
According to Kelley Blue Book, the 2024 Honda Civic will depreciate by $12,698 in five years, with a residual value of $15,347. The latest models come with advanced driver assistance systems as standard, and these features are likely to remain relevant in five years. The timeless design of the Civic also helps to maintain its value.
Kia Rio
The Kia Rio is a smart choice for value preservation. This subcompact car has come a long way in recent years and has greatly improved build quality and performance.
"With proper care and maintenance, you can expect it to last more than 400,000 miles," said Santiago.
CarEdge estimates the five-year depreciation at $7,925, or 41%, with a residual value of $11,508 to $13,683. Kia's warranty is another factor that increases the Rio's long-term value.
Toyota Tacoma
The Toyota Tacoma has earned an unrivaled reputation for durability. The vehicles have a high resale value. Over five years, you can expect $18,699 in depreciation with a residual value of $34,119.
Tacoma owners often report minimal problems even after years of use. This reliability translates directly into a high resale value.
Chevrolet Camaro
The Chevrolet Camaro proves that powerful cars can also be a solid investment. This iconic muscle car has a loyal following. It is likely to retain its appeal for many years.
"Although the Camaro is in a different class than the vehicles on this list, with proper care, they can last up to 350 thousand kilometers," said Santiago.
However, depreciation is steep: over five years, the Camaro lost $20,577 in value, leaving a residual value of $19,818. In the latest Camaro models, Chevrolet has managed to combine modern technology with classic styling. Many owners modify their Camaros, which means there is a thriving aftermarket community and a constant demand for used cars for sale.
Jeep Wrangler
The Jeep Wrangler has a unique ability to maintain its value over time. The Wrangler's timeless design is a big part of its enduring appeal.
"A staple among Jeep enthusiasts, the Wrangler is considered a reliable vehicle that can last more than 150,000 kilometers with regular maintenance," said Santiago.
The Wrangler depreciated by $29,372 over five years, leaving a residual value of $33,768. Jeep has wisely avoided drastic changes to the Wrangler's appearance over the years. This means that even older models won't look out of place next to the latest versions. The Wrangler's off-road capabilities are legendary. This means that there will always be demand from outdoor enthusiasts and adventurers.
Ford F150
The Ford F-150 has been an American bestseller for decades. This popularity is a strong indicator of its lasting value. The versatility of the F-150 is a key factor.
There is an F-150 for every need and budget. The emergence of hybrid powertrains also demonstrates Ford's advanced approach to providing options that are likely to remain relevant in five years.
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