Reselling foreign cars can bring in a ton of money, but only when you know the right cars to focus on. To be clear, some just aren’t worth it. In fact, you currently don’t want to look at EVs because some experience significant depreciation, losing half their value within the first year.
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“Certain foreign car brands consistently maintain strong resale values,” according to David Loo, Operations Manager at Xpro Auto Glass. “For instance, Toyota leads with a 5-year resale value of 69.31%, followed by Mazda at 65.34% and Honda at 65.22%. Apart from mileage and age, brand reputation matters a lot when it comes to reselling foreign cars for the highest value.”
So, what are those foreign cars with the highest resale value in the market right now? GOBankingRates presents six cars below that resale higher than average, according to experts.
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1. Toyota 4Runner
The Toyota 4Runner stands out for its impressive resale value, largely due to its reputation for reliability and quality. Loo said, “Vehicles from the Toyota brand are known for reliability and quality, so they tend to hold their value better.” With a depreciation rate of only 39% after 5 years, the 4Runner remains a strong seller, with a resale value of $31,593.
This SUV is something that buyers looking to own and use a reliable vehicle that can last them years are looking for. A well-maintained model with low mileage could be your ideal addition to the family for a good decade with only minimal use of the vehicle in off-road conditions.
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2. Jeep Wrangler
Another vehicle that holds its value exceptionally well is the Jeep Wrangler, which has a 66.5% resale value after 5 years. Jeep Wrangler is designed for adventure, offering unparalleled off-road capabilities with advanced 4×4 systems that ensure superior traction on various terrains. Buyers who will pay up to $38,610 for a used model are attracted by its iconic design and off-road prowess.
People just love to drive a Wrangler, and they buy them. With multiple powertrain options, including a powerful V-8 exclusive to the Rubicon 392 model, the Wrangler remains on top of its resale game. You can rock a Wrangler for years and still get a decent return on your investment.
3. Honda CR-V
The Honda CRV is famous for being reliable and practical, and has a resale value that will be about 58% after five years. It’s a family-friendly and individual-friendly all-rounder, with a spacious interior and fuel efficiency. The Honda CR-V does face notable depreciation compared to some other small SUVs, but it holds its value relatively well within the segment. This is largely due to Honda’s strong brand reputation, and the CR-V’s popularity among buyers.
4. Mazda MX-5 Miata
The Mazda MX-5 Miata is a sports car that offers sporty performance and a fun-to-drive experience. It is predicted to have a five-year resale value of about 66%. Car enthusiasts like its engaging handling and styling, and this lightweight convertible is a favorite. After five years of driving, the Mazda MX-5 can be sold for up to $23,885 (provided it has been properly maintained and run little mileage). Also, limited production numbers help its demand in the used car market.
5. Toyota Tacoma
The Toyota Tacoma is a mid-size pickup truck that maintains just under 62.6% of its resale value after five years. Truck buyers love its reputation for reliability and off-road capability. Tacoma’s strong resale value is enhanced by its versatility, which makes it a dual work and recreation machine.
However, it’s important to check that the vehicle hasn’t been heavily used in rough conditions, as many owners enjoy taking the CR-V off-road. Off-road driving can potentially cause wear and tear on various components, including the suspension, tires and undercarriage.
6. Subaru Impreza
The compact Subaru Impreza has excellent resale value after five years of depreciation, dropping only 28% to $19,882. It is known for its all-wheel drive and rugged safety features, which are ideally suited for drivers in harsh weather. In the competitive compact segment, its solid reputation for reliability and performance adds to its appeal.
Several factors can impact the resale value of a Subaru Impreza, including mileage, number of previous owners and accident history. If there are fewer previous owners, they tend to have better service histories, which can enhance their value. A well-documented maintenance record can also positively influence resale value, demonstrating that the vehicle has been well cared for.
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This article originally appeared on GOBankingRates.com: 6 Foreign Cars With the Highest Resale Value, According to Experts
