Does a Toyota Highlander have good resale value?
Yes, the Toyota Highlander is known for having excellent resale value. As a popular and reliable midsize SUV, the Highlander typically retains a high percentage of its original value over time compared to many of its competitors in the segment.
Factors Contributing to the Highlander's Resale Value
There are several key factors that contribute to the Toyota Highlander's strong resale value:
- Reputation for Reliability - Toyota is renowned for building durable, long-lasting vehicles, and the Highlander is no exception. Its reputation for reliability and low maintenance costs helps preserve its value over time.
- Popularity and Demand - The Highlander is one of Toyota's best-selling SUV models, which means there is consistent demand for used models on the secondary market.
- Conservative Styling - The Highlander's conservative, timeless styling tends to age well, avoiding dramatic design changes that can negatively impact resale value.
- Toyota Brand Cachet - As a Toyota model, the Highlander benefits from the brand's reputation for quality, dependability, and high resale value.
These factors all contribute to the Highlander's ability to retain a significant portion of its original value, making it an attractive choice for buyers seeking a midsize SUV with strong resale potential.
Highlander Resale Value Compared to Competitors
When compared to other midsize SUVs, the Toyota Highlander consistently ranks among the models with the best resale value. According to Kelley Blue Book, the Highlander typically retains around 60% of its original value after 5 years of ownership, which is significantly higher than the average for the segment. This makes the Highlander an excellent choice for buyers who plan to sell or trade-in their vehicle in the future.
In summary, the Toyota Highlander's combination of reliability, popularity, and conservative styling, coupled with the Toyota brand's reputation, contribute to its excellent resale value. Buyers seeking a midsize SUV with strong long-term value retention would do well to consider the Highlander as a top option.
