Which SUVs Have the Best Resale Value in 2024?

When purchasing an SUV, one of the most important factors to consider is its resale value. A high resale value ensures that your investment retains significant worth in the future. In 2024, several SUVs stand out for their exceptional resale values, providing both immediate satisfaction and long-term financial benefit. Below, we’ll delve into one of the top SUVs for resale value—the 2024 Toyota 4Runner—and provide all the details you need to make an informed decision.

Vehicle Overview: The 2024 Toyota 4Runner

The Toyota 4Runner is a renowned midsize SUV, well-loved for its rugged durability, off-road capability, and solid resale value. Known for its reliability and strong resale performance, the 4Runner is a popular choice among buyers who want a versatile SUV that can handle both daily commuting and adventurous road trips. Toyota's reputation for longevity ensures that the 4Runner remains a standout in the resale value category, making it an excellent investment for those who plan to resell or trade-in their vehicle in the future.

Key Specifications

The 2024 Toyota 4Runner offers a range of specifications that contribute to its impressive performance:

• Engine: 4.0-liter V6 engine
• Horsepower: 270 horsepower @ 5,600 RPM
• Torque: 278 lb-ft @ 4,400 RPM
• Transmission: 5-speed automatic
• Drivetrain: Rear-wheel drive (standard) or four-wheel drive (available)
• Towing Capacity: Up to 5,000 pounds
• Fuel Economy: 16 MPG city / 19 MPG highway

The 4Runner’s robust engine and towing capability make it ideal for those who need power for hauling gear, trailers, or off-road excursions. Its simple yet powerful configuration is paired with Toyota's reputation for building long-lasting engines, which plays a huge role in the vehicle's excellent resale value.

Performance and Speed

When it comes to performance, the 2024 Toyota 4Runner stands out as a capable off-road SUV. While it may not be the fastest SUV in its class, it excels in other areas such as durability and reliability. Here’s a quick rundown of its performance:

• Top Speed: Approximately 115 mph
• 0-60 mph Acceleration: Around 7.5 seconds

Though not as quick as some of its competitors like the Ford Bronco or Jeep Grand Cherokee, the 4Runner makes up for it with off-road capability, a hallmark of Toyota's design. Its performance-enhancing features, such as its Kinetic Dynamic Suspension System (KDSS) and available Multi-Terrain Select system, make it a go-to choice for adventurers and off-road enthusiasts. These features allow it to tackle a wide range of terrain, including rocks, sand, and mud.

Design and Color Options

The 2024 Toyota 4Runner is a visually appealing SUV with a bold, rugged design. Its exterior showcases strong, muscular lines, complemented by a wide stance that conveys both strength and confidence. Notable design features include:

• LED headlights and taillights for a modern look
• Front grille with a bold Toyota emblem
• Roof rails and 17-inch wheels on standard trims

Color Options for the 2024 model include:

• Super White
• Midnight Black Metallic
• Lunar Rock
• Barcelona Red Metallic
• Magnetic Gray Metallic

These colors provide a range of options for those seeking a classic or more adventurous look. Whether you prefer the sleekness of Midnight Black Metallic or the earthiness of Lunar Rock, the 4Runner offers a color palette that complements its rugged yet refined design.

Functionality

The Toyota 4Runner’s functionality is one of its strongest selling points. It's designed to handle both everyday tasks and extreme off-road conditions. Here’s a closer look at its features:

Fuel Efficiency

While fuel efficiency isn’t the 4Runner's strongest suit, it still delivers reasonable gas mileage for an off-road-focused SUV:

• 16 MPG city / 19 MPG highway

Interior Features

Inside, the Toyota 4Runner offers a spacious and comfortable environment, with ample room for passengers and cargo. Key features include:

• 8-inch touchscreen infotainment system with Apple CarPlay, Android Auto, and Amazon Alexa compatibility
• Power-adjustable front seats
• Heated and ventilated front seats on higher trims
• Third-row seating available for those needing additional space

Safety Features

The 4Runner comes equipped with a range of standard safety features, including:

• Toyota Safety Sense P (TSS-P), which includes adaptive cruise control, lane departure warning, and pre-collision braking
• Rearview camera
• Blind-spot monitoring and rear cross-traffic alert on higher trims

These advanced safety features ensure a safe driving experience, whether you’re navigating city streets or tackling challenging terrains.

Price and Market Value

The 2024 Toyota 4Runner comes in several trim levels with varying prices:

• Base SR5: Starting at $40,000
• TRD Off-Road: Starting at $42,500
• Limited: Starting at $46,000
• TRD Pro: Starting at $52,000

While these prices are on the higher end for midsize SUVs, they reflect the 4Runner’s off-road capability, durability, and Toyota's reputation for quality. Compared to other SUVs in its class, the 4Runner holds its value well, making it a smart choice for long-term investment.

Additional Insights

• Warranty: The 2024 Toyota 4Runner comes with a 3-year/36,000-mile basic warranty and a 5-year/60,000-mile powertrain warranty.
• Customer Reviews: Owners love the 4Runner for its rugged performance, reliability, and off-road capabilities. However, some have noted that its interior is a bit outdated compared to other modern SUVs.
• Awards: The 4Runner consistently earns high marks for resale value and has been named one of Kelley Blue Book’s Best Resale Value Awards for multiple years.

Conclusion: Is the 2024 Toyota 4Runner the Right SUV for You?

The 2024 Toyota 4Runner is a standout SUV that offers a blend of rugged performance, advanced safety features, and impressive resale value. It is perfect for those who need a reliable vehicle that can handle off-road adventures while maintaining a high resale value. If you’re looking for an SUV that delivers great long-term value, the Toyota 4Runner is an excellent choice.

Ready to invest in a reliable and durable SUV? Consider the 2024 Toyota 4Runner—a vehicle that not only excels in performance but also holds its value over time.

Frequently Asked Questions (FAQ)

Q: How does the Toyota 4Runner's resale value compare to other SUVs?
A: The Toyota 4Runner consistently ranks among the top for resale value, often outperforming other midsize SUVs like the Jeep Grand Cherokee and Ford Explorer. Its reputation for reliability and longevity plays a key role in this.

Q: What is the towing capacity of the 2024 Toyota 4Runner?
A: The 2024 Toyota 4Runner can tow up to 5,000 pounds, making it ideal for hauling trailers, boats, or other heavy loads.

Q: Does the Toyota 4Runner offer a hybrid option?
A: As of 2024, the Toyota 4Runner does not offer a hybrid option. However, Toyota may release a hybrid version in the future, considering the growing demand for fuel-efficient SUVs.

Q: Is the Toyota 4Runner good for off-roading?
A: Yes, the 4Runner is an excellent off-road vehicle, particularly in trims like the TRD Off-Road and TRD Pro, which come with enhanced off-road features like Multi-Terrain Select and Crawl Control.

Q: How long does the Toyota 4Runner last?
A: The Toyota 4Runner is known for its durability, often lasting well over 200,000 miles with proper maintenance, which is a major reason for its high resale value.