Buying a car is a significant investment, and it’s essential to consider the long-term value of your purchase. Resale value is an important factor to consider when buying a vehicle because it can have a significant impact on your financial bottom line. Here are the top 5 vehicles with the best 5-year resale value:

1. Subaru Crosstrek
The Subaru Crosstrek is a compact crossover SUV that is perfect for those who love outdoor adventures. The 2021 Crosstrek has an estimated resale value of 56.7% after 5 years, according to Kelley Blue Book. The Crosstrek is known for its all-wheel drive capability and impressive fuel efficiency, making it an ideal choice for those who enjoy weekend road trips.

2. Tesla Model X
The Tesla Model X is an all-electric luxury SUV that has been gaining popularity in recent years. According to Kelley Blue Book, the 2021 Tesla Model X has an estimated resale value of 54.6% after 5 years. The Model X is known for its cutting-edge technology, impressive performance, and eco-friendliness, making it a great investment for those who want to reduce their carbon footprint.

3. Ford Bronco
The Ford Bronco is a classic SUV that has recently been reintroduced to the market. According to Kelley Blue Book, the 2021 Ford Bronco has an estimated resale value of 52.9% after 5 years. The Bronco is known for its rugged off-road capability, stylish design, and modern technology features, making it a popular choice for those who love adventure.

4. Toyota Tundra
The Toyota Tundra is a reliable and rugged full-size pickup truck that holds its value exceptionally well. According to Kelley Blue Book, the 2021 Toyota Tundra has an estimated resale value of 57.6% after 5 years. The Tundra is known for its durable build and impressive towing capacity, making it an excellent choice for those who need a reliable work truck.

5. Jeep Wrangler
The Jeep Wrangler is a classic off-road SUV that has been a favorite of adventure enthusiasts for generations. According to Kelley Blue Book, the 2021 Jeep Wrangler has an estimated resale value of 52.8% after 5 years. The Wrangler is known for its impressive off-road capability, customizable design, and iconic style.

Other Brands with Good Resale Values
While the brands mentioned above are what we consider the top car, truck, and SUV brands known for producing high-quality vehicles with good resale values—the below brands get honorable mention as brands that also offer excellent value for the money, making them a great investment for those looking for long-term value in their vehicle purchase:

• Chevrolet: Chevrolet has a reputation for producing reliable and durable vehicles that hold their value well. The 2021 Chevrolet Silverado has an estimated resale value of 56.7% after 5 years, according to Kelley Blue Book.
• Honda: Honda is known for producing high-quality vehicles that are both reliable and long-lasting. The 2021 Honda Civic has an estimated resale value of 55.7% after 5 years, according to Kelley Blue Book.
• Hyundai: Hyundai has been making a name for itself in recent years, thanks to its high-quality vehicles that offer exceptional value for the money. The 2021 Hyundai Tucson has an estimated resale value of 53.6% after 5 years, according to Kelley Blue Book.
• Kia: Kia is another brand that has been gaining popularity in recent years, thanks to its high-quality vehicles and excellent value for the money. The 2021 Kia Sportage has an estimated resale value of 53.1% after 5 years, according to Kelley Blue Book.
• Lexus: Lexus is a luxury brand that is known for producing high-quality vehicles that hold their value well. The 2021 Lexus GX has an estimated resale value of 53% after 5 years, according to Kelley
• Volvo: Volvo is a Swedish brand that is known for its safety features and high-quality build. The 2021 Volvo XC90 has an estimated resale value of 51.8% after 5 years, according to Kelley Blue Book. Volvo’s commitment to safety and sustainability, along with its luxurious design, makes it an excellent investment for those who value long-term value and quality.

Obtaining Financing and Loans

Securing used vehicle financing and loans can be a simple process when you go into it with proper preparation and research. In order to be prepared and ready, it’s essential that you first asses your credit score, as it is a crucial factor in determining the interest rates and terms you’ll be offered. Request a copy of your credit report from major credit bureaus and verify it’s accuracy to prevent any negative impact on your score. Additionally, you’ll want to explore your options extensively, as  financial institutions, credit unions, and car dealerships offer auto loans, but terms can vary. By getting pre-approved at a bank or credit union, it can help you as a buyer with a better negotiating position at the dealership. If you’re considering dealer financing, be sure to scrutinize the terms; in some cases, lower monthly payments can be stretched over longer periods, which then result in more interest paid over the life of the loan. Always give special attention to the APR, annual percentage rate, to acquire a clear picture of the loan’s true cost. Lastly, it’s key to be realistic with your budget, opt for the shorter loan if feasible, and consider the fact that a significant down payment can reduce the total loan amount, leading to a more favorable interest rate.