10 Trucks that Depreciate Least Over Time
With every truck company claiming they have the best product, it is hard to know which truck is right for you. And with so many new trucks on the market each year, you want one that will last and keep its value and save you money in the long run. Luckily, trucks keep their value better than most SUVS and sedans. Here is a list of the 10 trucks that depreciate least over time.
1. Toyota Tacoma
The Toyota Tacoma is consistently one of the best midsize trucks in terms of resale value. The 2017 Tacoma received a complete redesign, but didn’t lose its old spot at the top with its new features. After three years, it retains almost 72% of its value. Five years after purchase, it retains over 58% of its original value solidifying its spot at the top of the charts.
2. Toyota 4Runner
The Toyota 4Runner is different than trucks on the market with its 5-passenger size with off-road capabilities. Its unique position strengthens its resale value as it remains a high-quality option with few competitors. After three years, it retains more than 64% of its value. Five years after purchase, it retains almost 55% of its original value.
3. Chevrolet Silverado
One of the most popular vehicles on the road today, the Chevrolet Silverado maintains its presence as one of the best trucks for resale value. With consistent demand and a solid reputation, it is no wonder this truck is on the list. After three years, it retains almost 62% of its value. Five years after purchase, it retains over 52% of its original value making it a reliable contender.
4. Jeep Wrangler
Jeep is in a class of its own with its off-road capabilities and removable roofs. The Jeep Wrangler’s quality, though, is what keeps it on the list. Jeep specializes in off-road vehicles and dedicates itself to being the best product for off-roading on the market. Because of this, Jeeps are always in high demand, resulting in greater value for your trade-in. After three years, it retains almost 64% of its value. Five years after purchase, it retains over 51% of its original value.
5. Toyota Tundra
The Tundra is Toyota’s full-size pickup that comes with the brand’s reliability record. While it isn’t one of the best-selling trucks on the market, its dependability is unmatched. After three years, it retains almost 61% of its value. Five years after purchase, it retains 49% of its original value making its case to be on the list of best trucks for resale value.
6. Chevrolet Colorado
Chevrolet’s midsize truck returned to the market a few years ago and has been making improvements ever since. The truck features a new v6 engine and 8-speed automatic transmission as well as a new diesel engine capable of 30 mpg. With all of the improvements, it’s no wonder it finds itself on this list. After three years, it retains over 61% of its value. Five years after purchase, it retains over 48% of its original value.
7. Honda Ridgeline
The Ridgeline combines a truck-like design with features and quality that Honda owners love. With its “best of both worlds” appeal for Honda drivers, it is no wonder is has a high resale value. In fact, after three years, it retains over 64% of its value. Five years after purchase, it retains almost 48% of its original value.
8. GMC Sierra
The Sierra has the luxury styling of a GMC Denali but is built to appeal a wider range of buyers. The full-size truck retains almost 57% of its value after three years. Five years after purchase, it retains over 47% of its original value.
9. GMC Canyon
The Canyon is GMC’s version of Chevrolet Colorado and is a size that appeals to both midsize and full-size truck buyers. It touts a more truck-like design while still keeping a high resale value like its Chevrolet counterpart. After three years, it retains almost 60% of its value. Five years after purchase, it retains over 47% of its original value.
10. Ford F-150
The last truck on our list is also the lowest original cost. Lower cost means less money back on trade-in. But the quality of the Ford F-150 doesn’t depreciate over time as quickly as other trucks on the market. After three years, it retains almost 66% of its value. Five years after purchase, it retains over 52% of its original value.
