They say your car is one of your assets. This can be true if you use your car for your business to earn more money. Otherwise, your car is not an asset because it takes away more money than you could imagine, from gas, repairs, insurance, and most of all depreciation.
It’s hard to find cars that don’t depreciate in value during the first five years that you own it. But there are cars that retain majority of their value even after five years if you plan to sell.
- Dodge Challenger. With race stripes and muscular rims, this car is worth $26,495. It will retain 50.5 percent of its resale value even after five years.
- Chevrolet Silverado. As the major competition of Ford’s F-150, this car is worth $25,575, and retains 50.6 percent of its resale value after five years.
- Honda CR-V. Its manufacturer’s suggested retail price is $23,120. It retains 50.7 percent of its original resale value.
- Chevrolet Camaro. Sold at $23,555, this car retains 51.9 percent of its resale price.
- Toyota Tundra. This mammoth pickup truck is worth $26,200 and it retains 52.3 percent of its value.
- Chevrolet Corvette. At $53,000, this car retains 53.5 percent of its value even after five years.
- Toyota 4Runner. This SUV is worth $32,820. It retains 56.2 percent of its resale price even after five years.
- Jeep Wrangler. Worth $22,395, this car can retain 59.1 percent of its resale value. People want to buy it simply because they want to own a jeep.
- Toyota Tacoma. This incredibly durable car is worth $18,125 and retains 61.9 percent of its resale price even after five years.
- Toyota FJ Cruiser. This odd looking car is worth $27,680. It can retain an amazing 70 percent of its resale value.