These Trucks Have the Best Resale Value in 2020
In part, because new cars are incredibly expensive these days, it can come as a shock when you go to sell your car and realize it’s worse less than you thought it would be. Especially if it’s actually worth way, way less. In the past, you could generally expect a new car to be worth half its original value in three years and only a third of its original value in five. Still, actual values vary wildly from car to car, and these days, there’s a lot more demand on the used market.
Because you can lose so much money so quickly when buying a new car, we strongly recommend that shoppers take a closer look at which cars, trucks, and SUVs hold their value better than others. Not only does that help them save money in the long run, but it can also cause someone to test drive a car they hadn’t originally considered. Below, we have the trucks that iSeeCars‘ research says have the best resale value.
Considering how long it’s been since Nissan last redesigned the Frontier, you might expect the depreciation to be awful. Think about things another way, though, and the Frontier’s place on this list makes more sense. Even though some truck buyers will call it outdated, many others consider the Frontier a breath of fresh air.
Not only do they like the lack of luxury features, they’re also willing to pay a premium for it. So if you’re not a big fan of trucks coming with the latest technology, the Nissan Frontier would be a great pick. In addition to making you happy, it’ll also lose only 43.5% of its value over the next five years.
We’re sure at least a few people have cross-shopped the Frontier and the Canyon, but once you start adding options to the GMC, it becomes clear that these trucks target different markets. The Canyon’s base price may be below $30,000, but trim levels such as the Denali and AT4 are priced on the higher end of the midsize segment. Not that that’s a bad thing.
Looking at the depreciation data, paying more for a GMC Canyon might make sense for you. Partly because the Canyon holds its value better than the Frontier. Expect it to only lose 41.2% over five years.
Like the Nissan Frontier, the Toyota Tundra hasn’t been redesigned in a long time. While other automakers have redesigned their full-size trucks multiple times over the years, Toyota stuck to updating the Tundra here and there. And yes, it’s obvious when you get inside that the Tundra’s a little outdated.
But does that hurt the Tundra’s resale value? Not at all. The people who want a used Tundra apparently have to have one. We won’t go so far as to call the Toyota Tundra depreciation-proof, but it does hold its value shockingly well. Over five years, it should only lose 37.0% of its value.
If you’ve ever looked at used pickup trucks, this one shouldn’t come as much of a surprise. The Toyota Tacoma is probably best-known for its excellent resale value. We’re not sure that’s what Toyota was aiming for, but it’s probably not going to complain much, either.
The Tacoma’s reputation for low depreciation also encourages buyers to pay a premium for a used one. After all, if they have to sell it, they’ll also make a premium on it. Considering it only loses 32.4% of its value over five years, though, the Tacoma’s strong resale value may still surprise someone who already knew it held its value well.