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10 cars you can buy today at the best price

10 cars you can buy today at the best price

shaunl / Getty Images

shaunl / Getty Images

If you’ve been looking for a used car in the last three years or so, you probably know that the market has been hot. The COVID-19 pandemic caused disruptions in the new car market, leaving buyers searching for good deals on used cars — but often unable to find one that fit their budget.

With so many used cars available, you may be wondering which ones have the best resale value.

Learn more: 5 cars that retain their value best after 5 years

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Here’s a little perspective: All cars have held their value better in 2023 than in 2019. This is due to lower new car production during the pandemic and the limited supply of used cars.

Before the pandemic, the average car lost about 50% of its value in five years—today, it’s about 39%. According to LendingTree, new cars generally lose 20% of their value in the first year due to depreciation. In five years, they’re worth about 40% of what you paid.

Want to buck this trend? iSeeCars analyzed more than a million used 2018 model year cars sold between November 2022 and October 2023. Here’s a look at the top 10 vehicles with the lowest depreciation rates over five years.

Porsche 911

It may not be a surprise, but Porsche tops the list of cars that hold their value best. In fact, the top car was the Porsche 911 Coupe. Consider this: it only loses about 9% of its value after five years. That suggests incredibly strong demand for this sports car on the used car market.

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Porsche 718 Cayman

Next on the list – the Porsche 718 Cayman – didn’t fare quite as well as the 911. It lost about 18% of its value after five years. That’s still an incredibly strong result.

Toyota Tacoma

Some Toyota vehicles also made the list based on their ability to retain value. The Tacoma only lost about 20% of its value after five years. There is continued consumer demand for sports cars, small SUVs and fuel-efficient economy cars.

According to iSeeCars, “the rise in used car prices in recent years has led many buyers to these smaller, cheaper models.”

Jeep Wrangler/Wrangler Unlimited

Following closely behind the Tacoma is the Jeep Wrangler/Wrangler Unlimited, which has lost nearly 21% of its value after five years. Automakers saw increased demand for more fun cars during the pandemic lockdowns, and that demand remains strong.

Honda Civic

The Honda Civic – sedan and hatchback – ranks fifth on the list, losing about 22% of its value after five years.

Subaru BRZ

Next on the list is the Subaru BRZ, which loses about 23% of its value after five years.

Chevrolet Camaro

The Chevrolet Camaro ranks seventh on the list of cars with the best value retention – after five years it will have lost about 24 percent of its value.

Toyota C-HR

The Toyota C-HR also loses just over 24 percent of its value after five years. It comes in 8th place on the list.

Subaru Crosstrek

Another Subaru – this time the Crosstrek – also made it onto the top list. It loses about 25% of its value after five years.

Toyota Corolla

The Toyota Corolla rounds out the list. It loses about 25% of its value after five years, putting it on a par with the Crosstrek.

It should be noted that these are average values ​​and individual cars lose value at different rates depending on care and driving intensity.

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This article originally appeared on GOBankingRates.com: 10 Cars You Can Buy Today at the Best Price