5 Cars with the Highest Resale Value in Australia in 2024
5 Cars with the Highest Resale Value in Australia in 2024
When purchasing a car, one of the most crucial factors to consider is its resale value. A car with a high resale value can save you money in the long run, as it retains more of its worth when it's time to upgrade. In Australia, certain vehicles stand out for their ability to maintain value better than others. Here are the top 5 cars with the highest resale value in 2024.
The Toyota LandCruiser has long been a favourite in Australia, known for its rugged reliability and exceptional off-road capability. This iconic SUV consistently tops resale value charts due to its strong reputation and enduring popularity. In 2024, the LandCruiser remains a top contender, especially among those who appreciate a vehicle that can handle both urban streets and the outback with ease.
- Why It Holds Value: Legendary reliability, strong demand, and a robust market for used LandCruisers.
- Key Features: Advanced safety systems, powerful V8 engine, luxurious interior options.
2. Mazda CX-5
The Mazda CX-5 is one of Australia's best-selling SUVs, and it’s easy to see why. Its stylish design, fuel efficiency, and high-quality interior make it a favourite among families and professionals alike. The CX-5's popularity translates into a strong resale value, with buyers eager to pick up a well-maintained used model.
- Why It Holds Value: Consistent high demand, excellent fuel efficiency, and strong brand reputation.
- Key Features: Skyactiv technology, i-Activ all-wheel drive, premium interior finishes.
The Subaru Outback is another vehicle that boasts a high resale value in Australia. Known for its versatility and durability, the Outback is perfect for both city driving and weekend adventures. Its reputation for safety and reliability ensures that it remains in high demand on the used car market.
- Why It Holds Value: Strong safety ratings, reliability, and a loyal customer base.
- Key Features: Symmetrical all-wheel drive, EyeSight driver assist technology, rugged design.
4. Toyota HiLux
The Toyota HiLux is synonymous with toughness and reliability in Australia. This ute has been a best-seller for years, particularly in rural and trade sectors, where its durability is highly valued. The HiLux’s robust build and strong engine performance make it a vehicle that retains its value exceptionally well.
- Why It Holds Value: Unwavering demand, proven reliability, and versatility.
- Key Features: Powerful turbo diesel engines, off-road capabilities, advanced safety features.
The Volkswagen Golf continues to be a popular choice in Australia due to its blend of performance, practicality, and European styling. The Golf is well-regarded for its high-quality build and driving experience, making it a sought-after vehicle in the second-hand market.
- Why It Holds Value: Premium build quality, strong brand loyalty, and enduring popularity.
- Key Features: Turbocharged engines, high-tech infotainment system, refined driving dynamics.
Conclusion
Choosing a car with a high resale value is a smart financial move that pays off when it comes time to sell or trade-in your vehicle. In 2024, the Toyota LandCruiser, Mazda CX-5, Subaru Outback, Toyota HiLux, and Volkswagen Golf stand out as the top performers in Australia. These vehicles not only offer exceptional quality and reliability but also ensure that your investment remains strong over the years. When buying your next car, consider one of these models to maximize your return on investment.