Cars – including SUVs – lose value the moment they are driven off the showroom floor. However, they don’t all lose value equally!
Certain models of SUVs retain proportionately higher resale values than others. Here we consider the top 6 SUVs with the best resale value in South Africa.
Hyundai Creta – 79.9%
Source: carwale
Spacious and unpretentious, the Hyundai Creta is a best-selling compact family car. There’s a choice of 1.6 L petrol or turbodiesel engines.
Along with leather seats and the full spectrum of safety features, the Hyundai Creta has better than average ground clearance. It’s a robust utility vehicle that has been attracting well over three-quarters of its original value in secondhand markets.
Mazda CX-3 – 77.7%
Source: Top Gear
The Mazda CX-3 is a crossover that’s solid and responsive on the road. It features a comparatively lavish interior, but with room only for two adults in the back.
The CX-3 is available in two- or four-wheel drive, and there’s a choice of 2.0 L petrol and 1.8 L diesel configurations, in either manual or automatic.
Toyota Land Cruiser – 75.9%
Source: cars.com
The Toyota Land Cruiser is the quintessential off-road vehicle. It features a powerful 4.5 L V8 diesel engine, strong safety features and advanced driving aids.
The Land Cruiser has a seven-seater configuration, with a comfortable leather interior. It’s one of the most sought-after 4x4s in South Africa.
Toyota Fortuner – 73.2%
Source: carwale
This is the second all-terrain Toyota to feature in the top 6 SUVs with the best resale value. The Toyota Fortuner is more luxurious than the Toyota Land Cruiser, with a roomier cabin.
It has adequate safety features for a large family car, and a new acoustic design has dampened wind and road noise to a whisper. The Fortuner is a popular vehicle that drives equally well in the city, on the open road and in the bush.
VW Tiguan – 72.3%
Source: Motoring Research
The VW Tiguan is a mid-sized, five-seater family vehicle with good fuel economy and a sleek design.
The interior is plush and comfortable, and includes a wide-screen infotainment system. The Volkswagen Tiguan is a sharp and sassy SUV that stands out in its segment.
Toyota RAV4 – 71.4%
Source: Toyota Lachute
Ranking sixth in the list of SUVs with the best resale value in South Africa, the Toyota RAV4 has a trendy design, and dominant presence. For a compact SUV, it is comparatively large and luxurious, with plenty of leg and head room.
The interior features leather trimmed seats and dash, a large touchscreen infotainment system, and loads of storage compartments. The RAV4 is an elegant all-wheel drive SUV, suitable for the city and the open road.
Using an SUV to get a loan
If you need funds and you own an SUV, car or other vehicle, you can use it to secure an asset-based loan from Lamna.
We offer fast, discreet loans against the value of a wide range of assets, from luxury watches and jewellery to vehicles or artwork. SUVs with the best resale value are among those that will likely secure the best loan offers.
For more information about using an asset to secure a short-term loan, contact us on 086 111 2866 or simply complete and submit our online application form.
ILLUSTRATIVE EXAMPLE
Client borrows R10,000 for 90 days.
Loan Amount | Repayment Period | Monthly Interest | Total Cost of Loan | Initiation Fee | Monthly Fee | APR |
|---|---|---|---|---|---|---|
R10 000 | 3 months | R500.00 | R2 914.50 | R1 207.50 | R569.00 | 60% |
Fixed rates range from 36% to 60% APR and payment options range from minimum 3 to maximum 24 months. Apart from the initiation and monthly fees shown below, the only additional fee is credit life insurance if the borrower does not have this already.