5 Small Luxury SUVs You Won’t Be Kicking Yourself for Buying Down the Road
The best luxury compact SUVs aren’t just the ones that have good safety ratings and lots of cool features. They’re also the luxury SUVs that will hold their value the best. It’s important that whatever small SUV you buy will be the best at not losing tons of money over its first few years of ownership. If you end up needing to sell your SUV, or something happens to it and you get an insurance payout, the last thing you want is to owe more money than your small luxury SUV is worth. These five compact luxury SUVs hold their value better than any other small luxury SUV out there.
The Porsche Macan is the best luxury compact SUV for holding its value
The Porsche Macan is the way to go if you don’t want to lose a boatload of money on your luxury SUV over its first five years of ownership. During that time, the Porsche Macan depreciates approximately 37.1%, according to iSeeCars. That’s better than the average small luxury SUV, which depreciates at a rate of 46%.
The Mini Countryman is one of the best luxury SUVs to keep for five years
Another good option to minimize depreciation is the Mini Countryman. The Mini Countryman depreciates at an average rate of 39.1%.
If you buy the 2021 Mercedes-Benz GLA, you’ll have one of the best luxury SUVs for depreciation
The Mercedes-Benz GLA depreciates 39.3% over the course of five years. If you buy the 2021 Mercedes-Benz GLA, you’ll still retain approximately 70% of its value in five years. It’s important to remember that this rate is not a guarantee, just an average of how small luxury SUV sales have been. The current automotive market may change the depreciation rates for some or all of these SUVs.
The Mercedes-Benz GLC is another of the small luxury SUVs with low depreciation
The Mercedes-Benz GLC is the second Mercedes-Benz on this list, and for good reason. It depreciates at 40.4% over the course of five years. That’s more than 5% better than the average depreciation rate for small luxury SUVs.
The BMW X1’s depreciation makes it one of the best small luxury SUVs
The BMW X1 is one of the best luxury compact SUVs for depreciation. It takes spot number five on the list, with a depreciation rate of 43.6%. It’s not much better than the average rate, but it is enough for it to be one of the best small luxury SUVs, which should tell you something about the rate of depreciation in general.
Buying one of the best luxury compact SUVs for depreciation will help guarantee that you don’t lose a ton of money. Of course, you’ll never know what the market will do, or how your SUV’s model or specific vehicle will hold up over time. Depreciation isn’t the only consideration you should take into account when car shopping, either. Still, if you do your research and shop accordingly, you should be able to buy one of these small luxury SUVs that won’t kill your finances in five years.