Much like pickup trucks, some SUVs depreciate faster than others. If you buy one that holds its value, you’re less likely to end up upside down on your loan, and you’ll get more money back when you sell it. That may sound a little obvious to some, but buyers who don’t pay attention to resale value could quickly realize just how much money that decision cost them.
The good news is, the suggestion that a new car or SUV loses half its value the second you drive it off the lot isn’t true. It’s just a myth. But over a couple of years? That’s a lot more likely. According to iSeeCars‘ latest report, however, these are the SUVs that should depreciate the least over five years.
Yeah, this one makes sense. The Honda CR-V is ridiculously practical, while also somehow being both fun to drive and comfortable. Throw in a reputation for quality, and it’s no wonder the CR-V holds its value incredibly well. It’s an SUV people want when it’s brand new, so there are definitely going to be people looking to buy them used. And that keeps the CR-V’s resale value high, dropping only 45.8% over five years.
If the Honda CR-V is on the list, of course, the Toyota RAV4 is going to be here, as well. In fact, we’re more surprised that these two incredibly popular SUVs are right next to each other on the list (and that’s not really all that surprising). Toyota’s definitely upped its game over the last couple of years, giving the RAV4 a bold new look and an off-road-prepped TRD version. Expect the RAV4’s value to drop 45.7% over five years.
Unlike the first two SUVs on this list, the Toyota 4Runner isn’t a crossover. It’s a true truck-based body-on-frame SUV that was built for off-roading. It won’t be nearly as comfortable on the highway as the CR-V and RAV4, but buyers who plan to get way off the beaten path will appreciate having a purpose-built off-roader like the 4Runner.
At a time when the number of body-on-frame SUVs continues to get smaller, the 4Runner is more of an unconventional choice than it used to be. Throw in Toyota’s reputation for reliability (a big bonus when you’re in the middle of nowhere), and there you go. No wonder it only depreciates 38.5% over five years.
Basically, take everything that people love about the Toyota 4Runner, add even more off-road capability, and you get the Jeep Wrangler. The Wrangler is arguably the best street-legal off-roader you can buy new these days. So even though it doesn’t quite have the 4Runner’s reputation for reliability, the Wrangler is still known for being impressively rugged right from the factory.
Start adding options, and you can get a Wrangler with its fair share of modern features, but it’s never going to be a luxury SUV like the Mercedes-Benz G-Wagen. It’ll always be an awesome off-roader first and foremost. Oh, and after five years, it’ll only lose 32.8% of its value.
Jeep Wrangler Unlimited
Including the Wrangler Unlimited as a separate vehicle on this list is a little odd to us, but hey, we’ll roll with it. After all, it wasn’t too long ago that Jeep didn’t even offer a four-door version of the Wrangler. Ever since it was added to the lineup, the Wrangler Unlimited has proven to be incredibly popular even with the price on higher trims getting scarily high.
It’s also worth separating the Wrangler Unlimited from the two-door Wrangler because they don’t depreciate at the same speed. In fact, a five-year-old four-door Wrangler is worth even more than the original. We’d say 30.9% instead of 32.8% is a pretty significant difference.