7 Cars with the Best Resale Value in Ontario (2024)

When buying a car, it’s important to think beyond the initial cost. A car’s resale value plays a big role in how much money you’ll recover when it’s time to sell or trade it in.

 

In Ontario, certain cars hold their value better than others. If you’re shopping from a dealership, knowing which vehicles offer the best resale value can save you money in the long run.

 

What Does Resale Value Mean?

Resale value is the amount your car is worth when you decide to sell it or trade it in after a few years. Some cars lose value quickly (depreciate), while others hold their value better.

 

Cars with the best resale value typically depreciate slower, making them a smarter investment.

 

Why is Resale Value Important?

• More Money Back: A high resale value means you get more money when you sell or trade in your car.
• Lower Long-Term Costs: You may pay more upfront, but you’ll save in the long run.
• Better Trade-In Deals: Dealerships often give better trade-in offers for cars with higher resale value.

 

Factors That Affect Resale Value

• Brand Reputation: Trusted brands like Toyota, Honda, and Subaru often hold their value well.
• Reliability: Cars with a reputation for reliability are more attractive to buyers.
• Demand: Popular models have better resale value due to higher demand.
• Features: Cars with advanced safety and tech features are often more valuable.
• Mileage: Lower mileage increases a car’s value.

 

Cars with the Best Resale Value in Ontario

1. Toyota Corolla

The Toyota Corolla is one of the most reliable compact cars on the market. Known for its durability and fuel efficiency, it remains a popular choice among buyers. Its strong demand ensures it holds its value well over time.

 

2. Honda Civic

A long-time Canadian favourite, the Honda Civic is known for its sporty design, reliability, and excellent fuel economy. Its popularity ensures it has one of the best resale values in the sedan category.

 

3. Subaru Outback

If you’re looking for a versatile vehicle, the Subaru Outback is a top choice. Its all-wheel drive and reputation for reliability make it a strong performer in the resale market.

 

4. Toyota RAV4

As one of the most popular SUVs in Ontario, the Toyota RAV4 combines practicality, reliability, and fuel efficiency. Its strong demand keeps its resale value high.

 

5. Honda CR-V

The Honda CR-V is another excellent SUV option. Known for its spacious interior, reliability, and safety features, it consistently ranks high in resale value.

 

6. Mazda3

The Mazda3 stands out for its sleek design, sporty handling, and affordability. It’s a compact car with great resale value thanks to its dependability and popularity.

 

7. Jeep Wrangler

For those who love off-road adventures, the Jeep Wrangler is a standout. Its unique design and capability ensure it holds its value better than most SUVs.

 

Tips for Maintaining Resale Value

Even if you buy one of the cars with the best resale value, how you maintain it matters. Here are some tips:

• Regular Maintenance: Follow the manufacturer’s service schedule.
• Keep Mileage Low: Drive only as much as necessary.
• Avoid Customizations: Aftermarket mods can hurt resale value.
• Keep it Clean: Regularly clean your car inside and out to prevent wear and tear.
• Repair Damage: Fix dents, scratches, or other damage before selling or trading it in.

 

Why Buy from a Dealership?

Dealerships in Ontario offer several advantages when looking for cars with the best resale value:

• Certified Pre-Owned Options: These cars are inspected and often come with warranties.
• Trade-In Opportunities: Dealerships make it easy to trade in your current car for a new one.
• Financing Options: Flexible plans make buying easier.

 

Choosing cars with the best resale value is a smart way to protect your investment. Models like the Toyota Corolla, Honda Civic, and Toyota RAV4 are excellent choices in Ontario, thanks to their reliability and demand.

 

Whether you’re buying new or pre-owned from a dealership, think long-term. A car with high resale value will save you money down the road and make upgrading easier when the time comes. Do your research, compare options, and drive away knowing you’ve made a wise decision.