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11 SUVs With the Highest Resale Value in 2024
By Jenny Cohen,
1 day ago
An SUV can be a great choice if you need a vehicle that is bigger than a sedan. But before you buy, it’s important to know the model’s resale value.
If you want to get ahead financially when it’s time to sell, consider purchasing one of these SUVs that auto website Kelley Blue Book (KBB) says have the best resale value after five years.
The Volvo XC40 is known for its safety features, according to KBB. That fact likely will appeal to buyers on the resale market.
The cost is relatively affordable too, at $36,350.
5. GMC Yukon
Five-year resale value: 49.3%
The GMC Yukon is another SUV on the list with three rows, making it a great option for families. You can fit up to eight people in its roomy interior.
The cost of the Yukon is $57,400.
6. Lexus LX
Five-year resale value: 50%
The Lexus LX holds around half its value after five years, but it’s also the most expensive SUV on the list, which could be an issue if you’re on a budget.
Kelley Blue Book lists the starting price for a Lexus LX at a whopping $90,000.
Kelley Blue Book describes the Subaru Outback as a “wagon-like SUV,” but it is considered a midsize SUV by the website.
This vehicle — which retails for an affordable $28,395 — could be a good resale option for a buyer looking for a more car-like SUV.
8. Hyundai Palisade
Five-year resale value: 59.7%
The 2023 Hyundai Palisade costs $35,550 and has a roomy interior for its three rows of seating.
It also earned a Top Safety Pick+ rating from the Insurance Institute for Highway Safety (IIHS), meaning it is among the best-rated vehicles for safety.
9. Subaru Forester
Five-year resale value: 60.6%
The Subaru Forester has several things going for it, including a Top Safety Pick+ rating from IIHS and a low price of just $26,395.
The SUV is also one of the vehicles on the KBB list with the lowest five-year cost-to-own — around $3,600 less than other vehicles in its segment.
SUVs can be great options if you need a little more space or want something a bit safer. Choosing the right SUV can make a big difference when it is time to sell.
These vehicles can be a bit more expensive than sedans, however. So, look for extra ways to save. For example, shopping around for the right insurance policy might lower your car costs .
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