When it comes to buying a car in Australia there is so much more to consider than just the initial upfront price. One of the biggest things that most buyers overlook is a cars resale value. Let’s face it, all cars depreciate, but what does that mean? Well, when you go to sell or trade in the car that you buy, you won’t get as much for it than you first paid. Unfortunately depreciation is something that you cannot control. To get more bang for your buck it is essential that you look for reliable cars that maintain a high resale value.
I know what you may be thinking, how can I find a car that doesn’t depreciate? Contrary to belief, there are many reliable cars in Australia that keep a high resale value, you just need to know what to look for.
Shop for Cars has put together a list of the 10 most reliable cars in Australia which have proven to have a strong resale value.
Let’s get into it.
This probably won’t come as a surprise to many of you, the car with the best resale value in Australia is the Toyota HiLux. The Toyota HiLux is an Australian Icon, there is a high chance that you or someone you know owns one. To highlight its dominance, the Toyota HiLux has topped the Australian sales charts for almost a decade and that says something!
For this reason, used Toyota Hilux’s can be found selling for almost 90% of the original new price depending on age and condition.
Moving from one icon to another, the car that has been found to have the second highest resale value is the Toyota Land Cruiser. If you are looking for a reliable vehicle, there is none better than the Land Cruiser. Why do think we still see 1990s Land Cruisers on the road?
That brings us to the question, what is the resale value of a Toyota Land Cruiser? Studies have shown used Toyota Land Cruisers can sell for almost 90% of the original purchase price. Obviously this depends on condition and kilometres driven.
If SUVs are your go to choice, it’s very hard to look past the Mazda CX-5. The Mazda CX-5 offers the best of both worlds, affordability and style. The icing on the cake is its proven high resale value.
How much is a used Mazda CX-5 worth? Research shows that good quality used Mazda CX-5s can get upwards of 85% of the original purchase price.
This is another one that probably doesn’t come as any surprise. The hatchback with the highest resale value is the Toyota Corolla. The Toyota Corolla is very similar to the HiLux, they are long proven as a reliable and affordable drive for motorists of all types.
Whether it is a hybrid or standard petrol model, used Toyota Corolla’s can sell for almost 85% of the original purchase price depending on condition and kilometres driven.
This is one may come as a surprise. When you think of reliable SUVs with a strong resale value you most likely think of the Toyota RAV4 or the Mazda CX-5, but research has found the second SUV with the highest resale value is the Subaru Outback.
Offering a sturdy and relabel drive, used Subaru Outback’s can sell for almost 80% of the original purchase price.
Another impeccable SUV that ticks all the boxes is the Honda CR-V. The Honda CR-V often doesn’t get the credits that it rightfully deserves. If you want your money to go further it’s very hard to overlook this gem.
What is the resale value of a Honda CR-V? Studies have shown used Honda CR-Vs can sell for upwards of 75% of their original purchase price.
I know many of you have been waiting for this one. How can we have a list of high resale value cars without mentioning Australia’s second most popular car the Ford Ranger. The Ford Ranger has consistently sat second to the Hilux on Australia’s most popular car list, to put it simply, the demand for Ford Rangers has never been higher.
What is the resale value of a used Ford Ranger? Used Ford Rangers are selling for almost 80% of the original purchase price, sometimes more depending on condition and kilometres driven.
One of Hyundai’s best, The Hyundai Tucson is a compact, reliable SUV that has skyrocketed in popularity over the last few years. One of the main reasons why the Tucson has surged in popularity is because of its high resale value.
Used Hyundai Tucsons are found to be selling for almost 75% of their original purchase price depending on condition and kilometres driven.
Nissans are one of the most reputable brands when it comes to reliability. Nissan has so many iconic cars in its stable but the one with the best resale value is the rugged X-Trail.
What is the resale value of a used Nissan X-Trail? Studies have shown that used Nissan X-Trails can sell for almost 70% of the original purchase price depending on age and condition.
Rounding off our list is one of the best multi purpose cars in Australia, the Hyundai i30. Whether you are looking for a car to learn to drive in, an everyday car or anything in-between the i30 is a proven and affordable choice.
What is the resale value of a used Hyundai i30? Depending on age and condition, used Hyundai i30s can fetch almost 80% of their original purchase price, making them a solid investment!
When looking to buy a car for sale in Australia it is essential that you research and understand vehicle resale prices. By understanding the resale value of the particular car that you are looking to buy, you will be able to protect yourself and get the most amount of money if and when you choose to sell.
We hope you enjoyed reading this article. To read more articles like this, please visit the Shop for Cars latest news page here.
Shop for Cars is Australia’s first car dealership-only online classified. Shop for Cars brings you the best quality new and used vehicles from trusted motor dealers Australia wide. Shop for Cars currently has over 12,500 cars listed for sale all from licensed Motor Vehicle Dealers ONLY.
DISCLAIMER: This is all based on opinion. Please research and consult with all relevant parties to make the best buying decision.