With the overall cost of new car ownership pricing prospective buyers out of the market, it’s not surprising that more people are starting to turn to used cars to keep costs manageable. Older vehicles often hold their value over time — sometimes better than newer models. After all, cars start to depreciate the moment they’re driven off the lot.
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But not all vehicles are created equal. These are five cars that hold their value best after five years, according to data from iSeeCars.
See other cars with high resale value.
Porsche 911
Average rate of depreciation after five years: 19.5%
Average value lost after five years: $24,428
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Porsche 718 Cayman
Average rate of depreciation after five years: 21.8%
Average value lost after five years: $15,851
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Toyota Tacoma
Average rate of depreciation after five years: 26%
Average value lost after five years: $8,217
Chevrolet Corvette
Average rate of depreciation after five years: 27.2%
Average value lost after five years: $18,557
Honda Civic
Average rate of depreciation after five years: 28%
Average value lost after five years: $6,987
Gabrielle Olya contributed to the reporting for this article.
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This article originally appeared on GOBankingRates.com: 5 Cars That Hold Their Value Best After 5 Years
