Which Pickup Truck Has The Best Resale Value
If you're in the market for a new pickup truck, you may be wondering which one holds its value the best. Resale value is an important factor to consider when purchasing any vehicle, as it can significantly impact your overall cost of ownership. In this article, we'll take a closer look at which pickup truck has the best resale value.
Toyoa Tacoma
The Toyota Tacoma is often considered the gold standard when it comes to resale value in the pickup truck world. This midsize truck is known for its durability and reliability, which are two key factors that contribute to its high resale value. Additionally, the Tacoma has a loyal following of fans who are willing to pay top dollar for a used model.
According to Kelley Blue Book, the 2021 Toyota Tacoma has an estimated 5-year resale value of 60.4%, which is the highest of any pickup truck on the market. This means that if you buy a new Tacoma today and sell it in five years, you can expect to recoup more than half of your initial investment.
Ford F-150
The Ford F-150 is the best-selling pickup truck in America, and for good reason. This full-size truck is known for its versatility, power, and comfort. When it comes to resale value, the F-150 also performs very well.
According to Kelley Blue Book, the 2021 Ford F-150 has an estimated 5-year resale value of 50.9%. While this is lower than the Tacoma's resale value, it's still very impressive for a full-size truck. One reason for the F-150's strong resale value is its popularity - there are always buyers looking for a used F-150, which helps keep prices high.
Chevrolet Silverado
The Chevrolet Silverado is another popular full-size pickup truck that has a strong reputation for reliability and durability. Like the F-150, the Silverado is always in demand on the used market, which helps keep resale values high.
According to Kelley Blue Book, the 2021 Chevrolet Silverado has an estimated 5-year resale value of 50.7%. This is very similar to the F-150's resale value, and it's a testament to the Silverado's popularity and overall quality.
GMC Sierra
The GMC Sierra is essentially the twin of the Chevrolet Silverado, with a few minor differences in styling and features. Like the Silverado, the Sierra is known for its reliability and durability, which help it hold its value well over time.
According to Kelley Blue Book, the 2021 GMC Sierra has an estimated 5-year resale value of 50.3%. While this is slightly lower than the Silverado's resale value, it's still very impressive for a full-size truck.
Honda Ridgeline
The Honda Ridgeline is a unique pickup truck that's known for its car-like ride and handling. While it's not as popular as some of the other trucks on this list, it still has a loyal following of fans who appreciate its comfort and versatility.
According to Kelley Blue Book, the 2021 Honda Ridgeline has an estimated 5-year resale value of 48.1%. While this is lower than the other trucks on this list, it's still very respectable for a midsize truck.
Conclusion
When it comes to resale value, the Toyota Tacoma is the clear winner in the pickup truck world. However, the Ford F-150, Chevrolet Silverado, GMC Sierra, and Honda Ridgeline are all strong performers as well. No matter which pickup truck you choose, it's important to do your research and choose a model with a reputation for reliability and durability. By doing so, you'll be able to enjoy a high resale value and a lower cost of ownership over the long run.