Peter Banks When it comes to buying a new car, a common concern amongst potential buyers is the vehicle’s resale value. While there are many factors that can affect resale value, the make and model of the car is often the most significant.
If you’re considering purchasing a Toyota or a Subaru, you might be wondering which brand has better resale value. In this article, we’ll take a closer look at the resale values of both brands to see how they compare.
Historical Resale Values
Historical data shows that both Toyota and Subaru have had strong resale values in the past. Consumer Reports conducted a study in 2020 and found that Toyota had an average five-year depreciation rate of 42%, while Subaru had an average rate of 44%. These rates are below the industry average of 49%.
While these numbers suggest that Toyota might have a slight advantage in terms of resale value, it’s important to note that Subaru has been climbing in popularity in recent years. It’s possible that this trend could impact future resale values for the brand.
Factors Affecting Resale Value
Some of the factors that can affect resale value include the car’s age, mileage, and condition. Additionally, the brand’s reputation, availability of parts, and overall popularity can also play a role in resale value.
Maintenance is another key factor that can impact resale value. Both Toyota and Subaru have reputations for being reliable brands, which can help maintain the overall value of their vehicles. However, proper maintenance and upkeep can also have a positive impact on resale value. Buyers are often willing to pay more for a car that has been well taken care of.
Models Comparison
When comparing resale values between different models in each brand, there are a few notable findings.
One example is the Subaru Crosstrek, which retains its value better than any other Suburu model. On the Toyota side, the Tacoma and 4Runner both have excellent resale values, with the Tacoma specifically ranking as one of the best resale values for any car in the market.
However, it’s worth noting that resale value can vary widely within a single brand, depending on the specific model of car and its features. Before making a purchase, it’s important to research the specific models you’re interested in to get a more accurate picture of their potential resale value.
Toyota Vs. Subaru
When it comes down to a direct comparison between Toyota and Subaru, it’s difficult to say which brand has better resale value. While Toyota has historically had a slightly better track record, this difference may be negligible in the grand scheme of things.
The most important factor to consider is which brand and car model fits your individual needs and preferences. If you take good care of your car and keep up with maintenance, chances are you’ll be able to get a good resale value regardless of the brand.
Frequently Asked Questions
Are Toyota or Subaru cars generally cheaper to maintain?
Both Toyota and Subaru have a reputation for being reliable and durable, which can help keep maintenance costs down. However, specific maintenance costs can vary widely depending on the make and model of the car, as well as the age and condition of the vehicle.
Is it better to buy a Toyota or a Subaru if I plan to sell it down the line?
While both brands have had strong resale values in the past, it’s difficult to say which will have a better value in the future. Additionally, resale value can vary widely depending on the specific model of the car, its features, and its overall condition.
How can I increase the resale value of my Toyota or Subaru?
Keeping up with regular maintenance and upkeep, such as oil changes and tire rotations, can help maintain the overall value of your vehicle. Additionally, keeping the car clean and free of dents and scratches can help improve its appearance and appeal to potential buyers.
