What Truck Has the Best Resale Value?
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American trucks are some of the most long-lasting trucks you can find around the world. They are as versatile as it gets for a truck as they have all sorts of capabilities to get you across the country without any hitches along the way. These trucks can tow, haul, transport all sorts of cargo, and also carry more passengers than you can imagine at the same time.
There are plenty of reasons why owning a truck is the right choice, and it’s not just about its functionality. If you plan to purchase a truck, it is always recommended to look at a model that can retain its value for years to come. You are probably planning to use your truck for all sorts of transport, but you have a piece of mind knowing that you can still sell it in the future and get good money since the value is still intact.
What Truck Has the Best Resale Value?
Many American trucks tend to retain their value, but some are better than others, which will give you a bang for your back. While the treatment and overall condition and mileage of the truck at the time of resale are probably the biggest factors in how much you’ll be able to make off your old vehicle, some trucks do generally retain more resale value than others. Below is comprehensive information on the truck resale value you can consider when making your next truck purchase.
1. The 2020 Chevrolet Silverado 2500
The Chevrolet Silverado is relatively new to the market. When it comes to retaining its value, it fits the bill perfectly. The Silverado 2500 HD already proved to be promising to retaining value and so adding more advanced features gives it more credibility than ever before.
This truck is wider, longer, and taller compared to its counterparts. It has a longer wheelbase, which is up to 5.2 inches more on the new cabs’ models. The towing capacity is even higher, up to 35,000 pounds, a 52 percent increase compared to its previous version.
You can select up to 5 trim levels as follows: Custom, LTZ, Work Truck, and High Country. It has a 6.6-liter V-8 standard gas engine with 464 pounds of torque and 401 horsepower. Since it is modern, it has an automatic transmission with up to six-speeds.
You also have an option to choose another engine layout, which is the 6.6-liter turbodiesel V-8 Duramax engine, which produces as much as 445 horsepower and 910 pounds of torque. This engine version has up to 10-speed automatic transmission.
2. GMC Sierra 2500 HD
Like Silverado HD, the GMC Sierra 2500 HD is also a new model released in 2020. This new version also has more potential to retain its value for a long time. This is a much bigger truck compared to its predecessor.
It is big on its towing capacity since the firm has realized that this is a vital element for many truck buyers who want o go as heavy-duty as possible. Some of the new features include the HD’s ProGrade Trailering System. This system comes with up to 15 camera views, which is convenient for trailer towing.
It has an integrated iN command control system created by ASA Electronics, giving the truck a “smart trailer” technology design. Through the system, you can control almost all trailers’ functionalities compatible with the firm’s mobile app for their truck models. For a considerable truck, you will need a display that provides all the necessary information on one.
The GMC Sierra has a 15-inch display that displays information on navigation, speed, and load capacity, among others. The powertrain capabilities are quite similar to the Silverado 2500.
3. Chevrolet Silverado 1500
Also released in 2020, the Chevrolet Silverado 1500 is a light-duty but a full-sized truck as well. The manufacturer has tried to make it more affordable with its starting price is at least $30,000, but most truck buyers are willing to spend up to $70,000 for more advanced trims like the Silverado High Country. Even with the affordable starting price, the Silverado 1500 still retains its value all through its usage.
It also has variations in its engines, with the base model starting with a 4.3-liter V-6 engine with a relatively low horsepower of 285. You can choose the V-8 engines with either 6.2-liters or 5.3-liters. Both of these high-end engines have up to 10-speed automatic transmission with active fuel management.
A more compact engine version is also available with a 2.7-liter 4-cylinder and eight-speed automatic transmission. Its breaking features are also advanced to prevent fast corrosion from moisture and dirt in any terrain. It is useful in retaining its value from its fuel economy to the price points and the added technical components to increase its performance.
4. RAM 1500
With the RAM 1500, you don’t have to sacrifice handling and comfort, but you still get a good performance. Its redesign in 2019 has made it win some truck awards due to the new technologies to better and better the truck. This has made it gain credibility for retaining its value no matter the number of years already used.
The new RAM truck is longer and lighter by up to 120 pounds. This weight is an improvement from its predecessor. Its towing capacity has improved together with its delivery on payloads.
It has a variety of three lengths, which are long enough, giving you a very spacious cabin and interior. A 12-inch configurable touchscreen is installed, giving you the flexibility to control many functions in the truck. The RAM 1500 has a standard V-6 engine in a lot of its trim levels. The engine has a horsepower of 395 and 265 pounds of torque.
Its 5.7-liter V-8 engine version can produce up to 395 horsepower and 269 pounds of torque, which comes with cylinder deactivation.
5. Ford F-150
The Ford F-150 could certainly not miss being part of this list. The F-Series has been the best-selling truck in the United States for years. It has maintained this position for years, continuing to make as many improvements in the new models they release.
The F-150 has had good sales since it was released, and the manufacturer has opted to offer more trim levels, bed lengths, and cab sizes. The Limited SuperCrew Styleside trim level is the best one issued, priced at $70,000. Other trim levels rival it, providing more style. Comfort and accessories that you may like.
It has a more affordable version, which is the XL Styleside. It comes with a rear-wheel drive and a standard cabin designed to be as functional as possible for a regular truck. The cost is just $28,500, which is a great starting point if you are on a budget, but you still need something to retain its value for future resale.
You can choose from versions that have different engine sizes. These are: 3.3-liter V-6 engine having a six-speed automatic transmission, which is the primary system for the F-150. A 2.7-liter EcoBoost V-6 engine, a 3.0-liter V-6 diesel engine, and a 3.5-liter EcoBoost V-5 power engine are also available.
Most of these trim levels come with a ten-speed automatic transmission for better control of these machines. The trim level names include Off-road Raptor, Platinum. XLT, Limited, XL, King Ranch, and the Lariat.
6. GMC Sierra 1500
According to the manufacturer, this is another premium truck comparable to the GMC Sierra 2500 HD but as a light-duty truck. IT has different styles like the double cab and regular cab, all being four-wheel drives. They all have different boxes, with the regular cab versions coming with an -foot box, a 6.5-foot box for the double cab, and a 5-foot box for the crew cab models.
The high-luxe Denali model is its specialty version with more features such as adaptive ride control. It has monochromatic exteriors with 20-inch wheels, which is standard for many American trucks; its rear-view camera mirror and a multi-color display give you many conveniences when operating this truck.
With all the features you get, this truck is way affordable than the GMC Sierra 2500 and retains its value for a long time.
7. Jeep Gladiator
The 2020 Jeep Gladiator is also a great truck that is ideal for giving you a good resale value when you don’t need it anymore. It still has that unique Jeep style design that makes it stand out on the road as a mid-sized truck. If you combine the Jeep Wrangler and the RAM truck, the Jeep Gladiator is the end product.
The truck offers much flexibility since it is only of the only fully convertible trucks, so you can choose which design you prefer. The off-road capabilities you get are quite impressive, while it still retains its value over time no matter where you take it.
Trucks that are new to the market tend to have the capabilities of retaining high values compared to older models. Every truck has its advantages and disadvantages as well as so you should choose which one best fits your needs and preferences.