10 Cars That Retain Their Value When You Sell in Five Years
While it's tough to think long term about an investment that depreciates in value as soon as it leaves the lot, it's not as if the value of that vehicle immediately falls off a cliff. Unless you decide to run it into the ground or buy a model not known for its longevity, there's still going to be some resale value down the road. The folks at auto pricing and valuation site Kelley Blue Book note that depreciation costs a car owner more than gas, maintenance or insurance during the first five years of new-car ownership.
Kelley Blue Book has been publishing its residual value guide since 1981 and knows a thing or two about resale value. That "blue book" value used-car buyers talk about when pricing a vehicle? Yep, same company that's been handing out their Best Resale Value Awards since 2003.
The 2013 model year has been extremely kind to Toyota
There are only a handful of cars that give owners a big portion of their investment back five years later. According to Kelley Blue Book, the following vehicles are a car buyer's best chance of getting half their money back or more once it's time to sell: