What To Know
- Resale value is a crucial factor, as it determines how much you’ll get back when it’s time to sell or trade in your vehicle.
- While the Hyundai Palisade is a newer model compared to the Highlander, it has quickly gained popularity for its spacious interior, comfortable ride, and advanced technology features.
- The Highlander’s established reputation for durability gives it a slight advantage in the short term, but the Palisade’s growing popularity and impressive features suggest its resale value will continue to rise.
Choosing the right SUV can be a big decision, especially when considering the long-term investment. Resale value is a crucial factor, as it determines how much you’ll get back when it’s time to sell or trade in your vehicle. The Toyota Highlander and Hyundai Palisade are both popular choices in the midsize SUV segment, but which one holds its value better? Let’s dive into a detailed comparison to help you make an informed decision.
The Highlander’s Reputation for Reliability
Toyota has long been known for its reliable vehicles, and the Highlander is no exception. Its reputation for durability and dependability has contributed significantly to its strong resale value. Owners often report fewer issues and maintenance needs, which translates into a higher resale price. The Highlander’s consistent performance and proven track record have solidified its position as a reliable choice for families and individuals alike.
The Palisade’s Rise in Popularity
While the Hyundai Palisade is a newer model compared to the Highlander, it has quickly gained popularity for its spacious interior, comfortable ride, and advanced technology features. Its modern design and impressive features have attracted a wide range of buyers, contributing to its growing resale value. The Palisade’s focus on comfort and convenience has resonated with families seeking a luxurious and practical SUV.
Analyzing Resale Value Data
To get a clearer picture of the resale value difference, we can look at industry data. According to Kelley Blue Book, the Toyota Highlander consistently ranks higher in terms of resale value compared to the Hyundai Palisade. This data suggests that the Highlander retains a greater percentage of its original value over time. However, it’s important to note that resale value can fluctuate based on specific trim levels, mileage, and condition.
Factors Influencing Resale Value
Several factors play a significant role in determining a vehicle’s resale value:
- Brand Reputation: Toyota’s established reputation for reliability and durability often translates into higher resale values.
- Model Popularity: Popular models in high demand tend to hold their value better.
- Condition and Maintenance: Vehicles in excellent condition with proper maintenance records command higher prices.
- Mileage: Lower mileage vehicles generally have higher resale values.
- Trim Level and Features: Higher trim levels with more features often have better resale potential.
Considering the Long-Term Perspective
While the Highlander currently holds a slight edge in resale value, it’s essential to consider the long-term perspective. The Palisade is a relatively new model, and its resale value is still evolving. As the Palisade gains more market share and its reputation for reliability solidifies, its resale value is likely to increase.
The Verdict: A Close Call
Ultimately, choosing between the Highlander and Palisade based solely on resale value is a complex decision. Both vehicles offer a compelling combination of features, comfort, and reliability. The Highlander’s established reputation for durability gives it a slight advantage in the short term, but the Palisade’s growing popularity and impressive features suggest its resale value will continue to rise.
The Final Say: Beyond the Numbers
While resale value is an important consideration, it’s not the only factor to weigh. Your individual needs, driving preferences, and budget should also play a role in your decision. Test drive both vehicles, compare their features, and consider your long-term driving plans before making a final choice. Remember, the best SUV for you is the one that best fits your specific needs and preferences.
What People Want to Know
Q: Which SUV has a better safety rating?
Both the Highlander and Palisade have excellent safety ratings. The Highlander has earned a Top Safety Pick+ from the IIHS, while the Palisade has received a Top Safety Pick. Both SUVs offer a comprehensive suite of advanced safety features, including automatic emergency braking, lane departure warning, and adaptive cruise control.
Q: Which SUV offers more cargo space?
The Palisade has a slightly larger cargo capacity than the Highlander. However, both SUVs offer ample space for passengers and cargo, making them suitable for families and adventurers alike.
Q: Which SUV is more fuel-efficient?
The Highlander generally offers better fuel economy than the Palisade. However, the Palisade’s fuel efficiency has improved in recent years, and the difference is not significant. Ultimately, your driving habits and the specific trim levels you choose will have a greater impact on fuel consumption.
Q: Is the Palisade more expensive than the Highlander?
The Palisade typically has a higher starting price than the Highlander. However, this difference can vary depending on trim levels and optional features. It’s essential to compare prices based on your desired features and options.
