Home | auto | Top 25 Cars With The Best Resale Value In 2023

Top 25 cars with the best resale value in 2023

Top 25 cars with the best resale value in 2023

Buying a brand-new car is a significant investment as rising prices, insurance, maintenance, and repairs also add significant costs to your purchase. That is where the resale value kicks in. Buying a car with minimal depreciation or a good resale value can help you save money and find better long-term value from your purchase. Here are 25 new vehicles that offer the best resale value in the market today by category:

Sedans and MiniVans

Honda Civic
The 2023 Honda Civic is a compact car that retails for a base price of $25,050. It has a projected resale value of 62.5%, ranking it at seven on the top 10 cars with the highest resale value this year.

Honda Accord
The Honda Accord is a popular midsize car with a starting price of $27,295. The 2023 model has a projected resale value of 56.7%.

Chevrolet Corvette
The Chevrolet Corvette is a gorgeous sports car retailing at $64,500. It ranks number 5 on the list of top 10 cars with the best resale value for 2023, with a projected rate of 65.3%.

Genesis G70
The Genesis G70 is a luxury compact vehicle available for purchase at a base price of $39,400. The projected resale value for the 2023 model is 48%.

Acura TLX
The Acura TLX is a midsize luxury car with a starting price of $39,850 and a resale value of 48.5%.

Lexus LS
The 2023 Lexus LX is a full-size luxury car with a base MSRP of $78,035 and a projected resale value of 44%.

Electric Cars

Toyota RAV4 Prime
The Toyota RAV4 Prime is a hybrid/plug-in hybrid car with a starting price of $42,340, with a projected resale value of 56% after a five-year ownership period.

Chevrolet Bolt EV
The 2023 Chevrolet Bolt EV is an electric car with a base price of $26,500 and a resale value of 41.6%.

Tesla Model S
The 2023 Tesla Model S is a luxury electric car with a starting price of $94,990 and a projected resale value of 57%.

Ford Mustang Mach-E
The Ford Mustang Mach-E is an electric SUV, the 2023 model begins retailing at $45,995 and is projected to have a resale value of 41.4%.

Tesla Model X
The 2023 Tesla Model X is a luxury electric SUV available for purchase at $109,990 onwards. It has a resale value of 66% after a five-year ownership period, putting it at number 2 on the list of the top 10 cars with the highest resale value in 2023.

Ford F-150 Lightning
The Ford F-150 is an electric truck with a starting price of $55,974. The 2023 model has a resale value of 57%.

SUVs

Subaru Crosstrek
The 2023 Subaru Crosstrek is a subcompact SUV with a starting price of $23,645 and is expected to have a resale value of 61% after a five-year ownership period.

Subaru Forester
A compact SUV with a starting price of $26,395, the 2023 Subaru Forester has a projected resale value of 60.6%.

Subaru Outback
The 2023 Subaru Outback is a 2-row mid-size SUV, with a base price of $28,395 and is expected to have a resale value of 57.8% after five years of ownership.

Hyundai Palisade
The 2023 Hyundai Palisade is a 3-row mid-size SUV available for retail sale at a base price of $35,550. It has a resale value of 59.7%.

GMC Yukon
The GMC Yukon is a full-size SUV with a base price of $57,400. Over a five-year ownership period, it may offer a resale value of up to 49.3%.

Volvo XC40
Pushing the envelope on pricing, the Volvo XC40 is the first luxury car in this segment. A sub-compact luxury SUV by make, the 2023 model has a starting price of $36,350 and a resale value of 49%.

Acura RDX
The 2023 Acura RDX is a luxury compact SUV with a base price of $41,550 and a resale value of 45.3% after five years of ownership.

Porsche Cayenne
The 2023 Porsche Cayenne is a 2-row midsize luxury SUV with a whopping $72,200 starting price. It has a resale value of 46.5%.

Lincoln Aviator
The Lincoln Aviator is a 3-row midsize luxury SUV with a resale value of 46.5%. The base price for the 2023 model is $53,340.

Lexus LX
The Lexus LX is a full-size luxury SUV, starting at the base price of $90,660, and has a resale value of 50% after five years of ownership.

Trucks

Ford Maverick
The 2023 Ford Maverick is a compact pick-up truck that begins retailing at $22,595. It has a projected resale value of 61.7%, putting it at number 8 on the list of top 10 cars with the highest resale value for the year.

Toyota Tacoma
The Toyota Tacoma is a midsize pick-up truck with a starting price of $27,750 and a resale value of 65.8%, tying it at number 2 with the Tesla Model X on the list of cars with the best resale value in 2023.

Toyota Tundra
The Toyota Tundra offers the best resale value of 73.3% across all segments in 2023, and this full-size pick-up truck begins retailing at $37,865.

The resale value of cars depends on various factors such as supply, demand, projected market conditions, and more. Cars with low resale value are generally easy to find, while those with a higher resale value hold the most customer interest and offer the smallest discounts. According to certain sources, the average 2023 model-year car will depreciate by 45% after a five-year ownership period. So if you plan on buying and selling a car in this duration, check into its resale value to help you get the most value for your money.

Read Also

Know more about exciting & latest articles right here

12 surprising facts about COPD to know

12 surprising facts about COPD to know

Chronic Obstructive Pulmonary Disease, also known as COPD, is a well-recognized respiratory ailment that affects millions of lives worldwide. COPD, characterized by symptoms like chronic cough, shortness of breath, and reduced lung function, is a complex condition with multiple layers. While its core features are understood by many, an array of surprising and often overlooked facets surrounds this condition. This article delves into these lesser-known aspects of COPD to comprehensively understand the disease. Underdiagnosed and misdiagnosed cases One of the most surprising facts about COPD is the prevalence of underdiagnosed and misdiagnosed cases. According to the World Health Organization (WHO), more than 90% of COPD cases are estimated to remain undiagnosed. This is partly because early symptoms, such as coughing and shortness of breath, are often attributed to the natural aging process or other respiratory conditions. Additionally, many individuals with COPD do not seek attention until the disease has progressed significantly. Impact on mental health COPD not only affects physical health but also takes a toll on mental well-being. Surprisingly, individuals with COPD are more likely to experience anxiety and depression. The disease’s chronic nature and its impact on daily activities and social interactions may lead to isolation and sadness.
Read More
7 lesser-known signs of multiple myeloma

7 lesser-known signs of multiple myeloma

Multiple myeloma is a type of cancer that primarily affects the plasma cells found in the bone marrow. Plasma cells typically produce antibodies to help the body fight infections. However, in multiple myeloma, certain plasma cells become cancerous and start to multiply uncontrollably, crowding out healthy blood-forming cells in the bone marrow. These cancerous plasma cells can produce abnormal proteins, which can accumulate in the blood and urine, leading to various health problems. Here are the lesser-known signs of multiple myeloma: Recurrent infections Multiple myeloma weakens the immune system, making individuals more susceptible to infections. However, this sign is often overlooked or attributed to other causes. Recurring or persistent infections, such as respiratory infections, urinary tract infections, or skin infections, can be an early indication of an underlying immune system dysfunction caused by multiple myeloma. The connection between multiple myeloma and infections lies in the disease’s impact on plasma cells’ production of antibodies. As the cancerous plasma cells multiply in the bone marrow, they crowd out healthy cells responsible for producing antibodies, impairing the body’s ability to fight infections effectively. Recognizing the link between recurring infections and multiple myeloma can lead to earlier diagnosis and treatment, which may improve the patient’s overall prognosis.
Read More
9 tips for changing the oil and filter on Dodge vehicles

9 tips for changing the oil and filter on Dodge vehicles

Dodge is a famous automobile manufacturer with an excellent lineup of trucks and SUVs. While its vehicles are known for performance and durability, they must be maintained well. A fundamental aspect of car upkeep is changing the oil and filters regularly. Whether one owns a robust Dodge truck or a versatile SUV, understanding the nuances of oil and filter changes can help the automobile run smoothly and extend its lifespan. The function of oil and filters in a vehicle Engine oil is a lubricating fluid that circulates throughout the engine to reduce friction between moving parts, dissipate heat, and protect against wear and tear. The oil filter is responsible for removing impurities and contaminants from the engine oil. The filter is replaced during routine oil changes to maintain its filtration capabilities. Tips for changing oil and filters in vehicles Oil and filters play crucial roles in the vehicle’s engine, ensuring it operates efficiently and remains in good condition. If one follows these tips, it will not only ensure engine longevity but also contribute to better fuel efficiency and reduced emissions: Use the right tools and materials Before starting, it’s important to gather all the right tools. One will need an oil filter wrench to remove the old filter, a container to catch the old oil (like an oil drain pan), a set of sockets or wrenches, a funnel to pour in new oil, a new oil filter, and the right type and sufficient amount of oil.
Read More
25 signs and symptoms of pneumonia to know of

25 signs and symptoms of pneumonia to know of

Pneumonia is a common respiratory infection that can affect people of all ages, causing various symptoms that vary in severity. At the same time, many are familiar with the hallmark signs such as fever and cough, shortness of breath, chest pain, and numerous other indicators that can point to pneumonia. This comprehensive article thoroughly explores pneumonia’s signs and symptoms, helping individuals recognize the condition early and seek appropriate medical care. Fever Fever is one of the most prevalent symptoms of pneumonia. It typically presents with a high body temperature, often exceeding 100.4°F (38°C). Fever is the body’s natural response to infection and signifies that the immune system is actively fighting the pneumonia-causing pathogens. Cough A persistent cough is another hallmark symptom. It can produce different types of mucus, including yellow, green, or bloody. The cough may be accompanied by chest pain or discomfort ranging from mild to severe. Shortness of breath Many individuals with pneumonia experience shortness of breath, particularly when engaging in physical activities. This symptom occurs due to the inflammation and infection within the lungs, making it challenging for the respiratory system to function optimally. Chest pain Chest pain is often described as a sharp or stabbing sensation typically felt on the side of the affected lung.
Read More