Although resale value might not be the first thing on a car buyer’s mind when purchasing a new vehicle, it is an important aspect to consider. While a vehicle is an investment for yourself, a good resale value can get you a big return when it’s time for a new vehicle again. From brands like Honda, Kia, Buick, Subaru, Infiniti, Ford, Mercedes, BMW, GMC, Ford, Chevy, and Ram, here are the top 2023 vehicles with the highest resale value:
1. 2023 Honda Civic
With a projected return of 62.5% after 5 years of ownership, if you’re looking for a reliable, compact car, the Honda Civic is for you. With a variety of color options, innovative tech, safety sensing technologies like lane assist and forward collision warning, purchasing this vehicle is a no-brainer for a sleek design, comfortable ride, and a great investment.
2. 2023 Chevrolet Corvette
If you love sports cars, the Chevrolet Corvette is a gorgeous vehicle with a projected 65.3% return. With 495 horsepower, potent aerodynamics, unique colors, leather interiors, retractable roof, and excellent safety features, you’ll ride in style in this vehicle.
3. 2023 Subaru Crosstrek
For an expected return of 61%, the Subaru Crosstrek is a great subcompact SUV great for families or adventurous individuals. With All-wheel drive, ample cargo space, fuel efficiency, safety systems and driver assistance technology, and unique design features, you will love this vehicle. If you value reliability and good returns, the Crosstrek is a great option for you.
4. 2023 Tesla Model X
For a luxury electric SUV, the Tesla Model X is a great choice with an expected resale value of 66% after 5 years. Better for the environment with it being electric, this vehicle has a long-range battery, offers great performance, spacious interior, and safety and driver assistance features like hands-free driving. You’ll get a great resale value and enjoy the features this car offers while you have it.
5. 2023 Lexus LX
With an expected resale value of 50% after 5 years of ownership, the luxury full size SUV has some phenomenal features. From luxurious interiors, off-road abilities, safety systems and blind spot monitoring, driver and front passenger lumbar support, and power back door with kick sensor and easy close doors, you can’t go wrong with this vehicle.
6. 2023 Ford Bronco
For an SUV built for off-roading, this Ford Bronco has an anticipated return of 65.4%. If you’re an outdoor enthusiast and adventurous individual, you’ll love this vehicle’s innovative design, advanced technology, safety features, extreme durability, and terrain management systems. With the versatility this vehicle offers and the high resale value, the Ford Bronco is a great option.
7. 2023 Toyota Tundra
With the highest expected resale value on this list at 73.3%, the Toyota Tundra is a fantastic full-size pickup truck. Available in gas or electric models, great levels of capability, technology, and refinement, this truck has towing of up to 12,000 pounds, panoramic view monitor, trailer backup guide, and other excellent features. This vehicle will cover all your needs and is a great investment.
In addition to considering resale values, you will want to consider your financial abilities. Many individuals that are in the market for a new vehicle opt for a loan, as it can can be a practical solution for getting the perfect car without the large upfront payment; however, there are a few crucial things to consider. If you’re thinking about getting a loan, be sure to thoroughly research interest rates, loan terms, and your own financial abilities before selecting one to make sure that it’s the right one for you. You want to ensure a manageable and beneficial arrangement, as responsible borrowing and minimizing financial strain are imperative to enjoying all the benefits that car ownership has to offer. Thorough research and shopping around will give you trust and confidence that you selected the right one!
