Least Depreciating Cars In Youngstown
As a driver in Youngstown, it’s important to understand that virtually every asset other than homes, land, and collectibles loses value over time. This is known as depreciation. Many new car buyers in Ohio are shocked to find their car is worth substantially less than what they paid for it. Cars tend to depreciate more quickly than most assets, losing up to half their value in the first five years of ownership.
By purchasing vehicles with higher resale values, you can get bigger returns and save money in the long run. According to multiple market studies, these cars are known to have a high resale value:
Top Cars With High Resale Value In 2024
Porsche 911
Since its debut, the Porsche 911 has been a standout in the luxury sports car market. The average 5-year depreciation of this model is an impressive 9.3%. This means that after five years, the average Porsche 911 retained a significant portion of its value, with an average difference of only $18,094 when compared to its original price, depending on the model and trim level. Easily making it to the top of the list as one of the least depreciating cars in 2024.
Toyota Tacoma
The Toyota Tacoma has long been a favorite in the midsize pickup truck market. This model boasts an average 5-year depreciation of 20.4%. After five years, the average Toyota Tacoma retains a substantial portion of its value, with an average difference of only $8,359 compared to its original price. This strong resale value highlights the Tacoma’s enduring appeal and reliability, making it an excellent choice for those looking to invest in a truck that holds its worth over time.
Jeep Wrangler
The Jeep Wrangler is renowned for its rugged capability and iconic design. Similarly to the Toyota Tacoma, it features an average 5-year depreciation of 20.8%. This means that after five years, the average Jeep Wrangler retains much of its value, with an average difference of only $8,951 compared to its original price. The Wrangler’s strong resale value underscores its popularity and durability, making it an investment that holds its value well over time.
Find Your Car’s Resale Value in Youngstown
At Ken Ganley in Youngstown, we buy vehicles from private owners all across the region. Find your car’s resale value by visiting our website and providing information such as the VIN, license plate number, make, model, and year of manufacture of your car.
Get an offer right away and, if you’re satisfied with it, simply schedule an in-person inspection with us. After we go through our simple paperwork, prepare to get paid on the spot!