Nobody wants a car that stops running after a few years, and last year iSeeCars identified a list of the top 10 longest-lasting vehicles. But which of these cars holds its value the best?
This year we looked at the cars that were more likely than the average car to make it to 200,000 miles and ranked them by their depreciation over a 5-year span to arrive at this list of 7 Longest-Lasting Cars That Retain the Most Value.
|Make-Model||% of Cars Over 200k Miles||5-Year Depreciation||Avg Price of Model Year 2015-2016|
Trucks tend to be used as work vehicles and are designed to run for many more miles than a typical car, so it’s no surprise that the Toyota Tacoma, Ford F-150 and Chevrolet Silverado 1500 are on the list. These trucks also hold their value better than the average car, which loses 43.8% of its value of 5 years. In fact, the Tacoma loses only 26.3% of its value over the same span, less than half the average 5- year depreciation. The Ford F-150 is the best-selling vehicle in North America and has been for some time, which may account for its relatively low depreciation. The Silverado is also a very popular work and consumer truck.
SUVs also dominate the Top 7 list, with the Toyota 4Runner ranking second. 3.5% of 4Runners log over 200,000 miles, which is more than twice the overall average of 1.3%. Impressively, the Toyota 4Runner also only loses 27% of its value in five years, which is almost the same as the Tacoma. Other SUVs that last many miles and hold their value include the Toyota Sequoia and the Dodge Durango, which is the crossover with unibody construction rather than body-on-frame truck-like construction.
The Subaru Legacy, the only sedan and the only other vehicle on our list with unibody construction, is well-known for its value retention and longevity. Subaru is a popular brand with consistent growth in recent years, and the Legacy may be one of its best buys.
In the end, two of the most important factors in determining a car’s worth are the car’s longevity and long-term value. The seven cars on iSeeCars’s new list can help used and new car buyers decide on the best vehicle to purchase. If you’re undecided between two or three likely candidates, you can use this list as a deciding factor or a way to narrow down your choices when considering which car to buy.
iSeeCars.com analyzed over 12 million cars sold in 2015 from model years 1981 through 2016. Models that were not in production as of the 2015 model year were excluded from further analysis, as were models with fewer than 10,000 cars sold. For each model, the number of cars with at least 200,000 miles was expressed as a percentage of the total number of cars sold. Models that had a lower percentage than the average of 1.3% were excluded from further analysis. For 5-year depreciation, iSeeCars.com analyzed over 7.9 million new cars from model year 2016 and more than 400,000 used cars from model year 2012 with +/- 20% typical mileage for 5-year ownership, sold between September 2015 and August 2016. The average price of each model sold used was expressed as a percentage drop from the average price of the same model sold new. Models which had greater depreciation than the average of 43.8% were excluded from further analysis. The models which were better than average on both lists were then sorted by their 5-year depreciation. Average prices are for model years 2015-2016.