5 trucks that retain the most value after 5 years
Braiden Shaw is a popular mortgage broker in Idaho with an impressive social media following. As such, he’s often posting “best/worst” reels with tips and tricks regarding personal and business finance. This week, he listed five trucks that retain the most value after five years of ownership. You can watch the reel below. Let’s review his countdown.
5. Ram 1500
According to Braiden, the Ram 1500 boasts 64% value retention after five years of ownership. Now, let’s take a moment to acknowledge threshold expectations here. With the Ram in fifth place, that means all other trucks after it average less than 64% resale value after five years. Other sources list top trucks that retain their value, too, and the “winners” hover closer to the 50th percentile. That’s quite a dip and worth keeping in mind when you’re shopping for a new truck. Really think about what you actually need versus what you’d spend to get what you “want.” In the end, you might get less than you’d expect back when it’s time to move on.
4. Ford Ranger
Braiden reports that the Ranger retains 71.6% of its value after five years. Compact trucks are fairly popular for their practicality and affordability compared to their full-sized siblings, so it makes sense that the Ranger appears here.
3. Jeep Gladiator
The influencer reports that after five years, the Gladiator holds 72.4% of its value. This isn’t because of impressive performance in the truck category or notable reliability. Rather, it’s due to the brand’s passionate following. He’s right; it’s hard to find any cheap used Wrangler or Gladiator today.
2. Toyota Tundra
Next, the full-sized Tundra retains a whopping 74.4% of its original MSRP after 60 months. KBB says these trucks average a resale value of about 60.4%. In either case, their capability and reliability make placement here no surprise.
And in first place: the Toyota Tacoma
Braiden says the Tacoma retains an incredible 79.3% of its original value after five years, making it the top truck on his list. However, KBB says the Tacoma holds about 62.6% of its value – that’s less than the Ram on Braiden’s countdown.
To check this, I researched the 2019 Toyota Tacoma’s original MSRP. It was $27,329 (starting). The SR5 went for more than $29K. Checking Carfax for used 2019 Taco listings, I found most were listed well above $27K. This is despite the KBB “Fair Purchase Price” starting at around $20K.
At first glance, the retention values here seemed inflated to me compared to other sources. After the quick price check, though, I stand corrected…at least on the Tacoma.