Top 5 Types of Vehicles that Retain Their Value the Longest

So you’re ready for a new-to-you used vehicle? But how do you know which make and model to go with? Auto Now of Wichita has an inventory of over 500 used vehicles on their lot, not to mention the countless dealerships across the country, buying a car can seem overwhelming. Whether new or used, a car purchase is an investment and knowing the best investment will not only get you where you need to go physically, but will help you travel towards a healthy financial future. For over 20 years, Auto Now and our staff of experts has worked hard to educate our customers as well as get them into affordable and reliable vehicles. In our time selling used vehicles, we have identified five makes and models that often rise to the top of the list when talking about holding their value the longest.

From our inventory in Missouri and Kansas to beyond, we’ve come up with a list of vehicles as a good place to start during your research phase. Consider these makes and models while looking for your next used vehicle at Auto Now in Wichita. Each of the vehicles are either on our lot or continually appears as they are popular vehicles with great history and resale value. While not an extensive and definitive list, each vehicle, whether it is a truck or a sedan, has continually risen to the top of the resale and reliability lists over the years.

1. Chevrolet Silverado

Manufactured by General Motors, the Chevrolet Silverado is a full-size and often called a heavy-duty pickup truck. It was first introduced in 1998, it has gone through four generations of development winning awards from Motor Trend Magazine as truck of the year to J.D. Power quality award. In 2017, Kelly Blue Book said it held the best resale value for a full size pickup truck.

2. Toyota Tacoma

Manufactured in the United States by Toyota, the Toyota Tacoma is a mid-size pickup truck first introduced in 1995. It was Motor Trend’s truck of the year in 2005 and is sold across several countries. The third generation line began production in 2015 and continues today with a new exterior profile and offers a larger engine. The resale value holds throughout the years because of its reliability, utility features, comfort, ability to customize, and its low gas mileage in comparison to over mid-size pickups.

3. Jeep Wrangler

The Jeep Wrangler began manufacturing in 1986 by American Motors, switching corporations over the years. It’s in its fourth generation with four-wheel drive off road capabilities which progressed from the jeeps used in World War II. In 2009, Kelly Blue Book called the Jeep Wrangler the best resale value in the SUV category, also winning the title in 2012 and 2013 among other similar awards. In 2015, over 202,000 Wranglers were sold throughout the United States. The Wrangler continues to hold its value due to its timeless iconic look, reliable on and off road, balance of rugged and comfortable, and affordability.

4. Honda Odyssey

Now in its fifth generation as a successful minivan marketed by Japanese automaker Honda to the American market, the Odyssey entered the market as a smaller minivan. The vehicle has received numerous awards including Car and Driver’s “5 Best Trucks” and top minivan recognition from Consumer Reports. As a perfect vehicle for a family on the move, the Odyssey boasts safety, engine power, amenities and space that few minivans rival.

5. Honda Accord and Civic

Yes, there are two sedans on this list. While they’re not as competitive as come of the more expensive luxury sedans, the Honda Accord and the Honda Civic are continually reliable and affordable vehicles that depreciate slower than other vehicles in their class. In 2017, the cars retained 49.4% of their value for the Civic and 43.5% for the Accord after 36 months. The Civic was first introduced in 1972 while the Accord arrived on the scene 1976, both in their tenth generation of production. Known for safety, efficiency, affordability on repairs, reliability and comfort, this Honda line of sedans continually appears on awards lists year after year.

Buying a used car comes with incredible benefits, one of which is not taking the depreciation hit of purchasing a new vehicle. When you find a reliable vehicle with great resale value from our inventory of 500 vehicles, there’s peace of mind knowing you’re driving off the Wichita Auto Now used car lot with a vehicle that won’t lose value quickly and help build equity while contributing to a stable financial future. Before buying a car and visiting our dealership, we suggest customers do research to find several vehicles that interest them as well as vehicles that match their budget and are affordable. Knowing this information helps you narrow down your selection and it helps us better serve you when you’re ready for that test drive.

We’re always available at our Wichita location should you need to give a call or swing by one day. Through our buy here pay here program, our team of experts will work with you to find out what vehicle you love and can afford. Regardless of past credit issues or low credit scores, our customers come from all varieties of financial backgrounds and we work one-on-one to help get them into a reliable car. Our mission of 20 years has been to not only provide our community with reliable transportation, but also give people a second chance who may have had financial hardships in the past. Everyone’s financial experience and background is different and often times, a traditional form of lending like a bank or a credit union is not for everyone. Buying a new car is not for everyone and there are often better used cars just waiting for the right person.