Which Hybrid SUV Has the Best Resale Value?
Hybrid vehicles have become much more ubiquitous in recent years. Hybrid SUVs are finally beginning to catch on. Automakers like Toyota are producing several competitive hybrid nameplates. Which hybrid SUV is best to resell?
Which hybrid SUV has the best resale value?
In 2021 Kelley Blue Book claimed that the Toyota RAV4 Hybrid had the best resale value out of all hybrid vehicles. The Toyota RAV4 Hybrid SUV has the best resale value out of all hybrid SUVs because it retains the most value over time.
Most hybrid SUVs will lose over half of their total MSRP over the course of five years. The RAV4 Hybrid retains its value better than the Honda CR-V Hybrid and Toyota Venza.
Kelley Blue Book claims that the 2017 Toyota RAV4 Hybrid has a fair purchase price of $21,430 with under 74,000 miles. The 2018 RAV4 Hybrid has a fair purchase price of $23,925. RAV4 Hybrid models retain most of their value when they roll off the lot. Some vehicles depreciate quickly and have poor resale value.
What are the disadvantages of buying a hybrid vehicle?
Hybrid vehicles are usually more expensive than their gas-powered counterparts. Hybrid vehicles use complex powertrain systems that make them less affordable than vehicles that use gas engines. Some hybrid vehicles use multiple electric motors.
Hybrid vehicles also can be less powerful than gas vehicles. Some models produce less torque than gas vehicles, and that can be offputting for many drivers.
What’s the best Toyota RAV4 Hybrid trim?
The Toyota RAV4 Hybrid comes in six different trim levels. The RAV4 Hybrid is available in LE, XLE, SE XLE Premium, XSE, and Limited trims.
Car and Driver recommends the RAV4 Hybrid XLE trim because of standard features like keyless entry, heated outside mirrors, and blind-spot monitoring. The XLE starts at $31,045. It comes standard with a tire pressure monitoring system, hill start assist control, and a vehicle proximity notification system. It also includes a 12-volt auxiliary power outlet, lane departure alert with pedestrian detection, and dynamic radar cruise control.
Is the RAV4 Hybrid expensive to maintain?
The Toyota RAV4 Hybrid has an extremely low cost of ownership. The RAV4 Hybrid achieves 41 miles per gallon in the city and 38 miles per gallon on the highway. It has a 14.5-gallon gas tank. The small hybrid SUV gets over 572 miles of total driving distance on a full tank of gas. The average driver will refuel the RAV4 Hybrid around 25 times a year based on the average annual driving range. That works out to roughly $1,410.85 a year on fuel.
Read more about the Toyota RAV4 Hybrid in the next article below.
RELATED: 2023 Honda CR-V vs. Toyota RAV4: Which Compact Crossover SUV Offers the Best Value?
