In today’s fast-paced world, buying a car is an investment that can sometimes leave you feeling like you’ve driven off a financial cliff.
The moment you take a new car off the lot, its value starts to depreciate rapidly.
However, there are a select few used cars that manage to defy this norm and hold their value surprisingly well.
In this article, we will explore the 10 used cars with the lowest depreciation rates, ensuring you make a smart choice and get the best bang for your buck.
1. Honda Civic
The Honda Civic has long been a reliable choice for drivers across the globe, and it remains one of the most sought-after used cars.
With its fuel efficiency, impressive safety features, and sleek design, the Civic holds its value remarkably well, making it a top contender in our list.
2. Toyota Corolla:
Another renowned name in the automotive world, the Toyota Corolla offers a comfortable ride, excellent fuel economy, and exceptional resale value.
It is known for its durability, reliability, and low cost of ownership, making it an ideal choice for Canadian drivers.
3. Subaru Impreza
With its legendary all-wheel-drive system, the Subaru Impreza stands out as a dependable and practical option.
It retains its value thanks to its strong safety ratings, excellent handling, and long-lasting reputation for tackling challenging Canadian weather conditions.
4. Mazda MX-5 Miata:
For those seeking a fun and exhilarating driving experience, the Mazda MX-5 Miata delivers in spades.
This iconic roadster’s combination of thrilling performance, stylish design, and impressive build quality ensures that it holds its value remarkably well, even as a used car.
5. Ford F-150
As the best-selling vehicle in Canada for over a decade, the Ford F-150 is a symbol of power and reliability.
Its robust build, versatile capabilities, and strong resale value make it a favorite among truck enthusiasts and ensure it retains its value exceptionally well.
6. Lexus RX:
If luxury is what you desire, the Lexus RX offers a winning combination of opulence and value retention.
With its refined features, smooth ride, and advanced safety technologies, this premium SUV is a popular choice for Canadian drivers who appreciate both comfort and practicality.
7. Volkswagen Golf GTI:
The Volkswagen Golf GTI is a sporty hatchback that packs a punch.
Its turbocharged engine, engaging driving dynamics, and premium interior make it an attractive option for those seeking a balance between performance and practicality.
Its strong resale value adds to its appeal.
8. BMW 3 Series

2016 BMW 340i
For enthusiasts who crave the thrill of a luxury sports sedan, the BMW 3 Series is a perennial favorite.
With its powerful engines, precise handling, and prestigious brand reputation, the 3 Series retains its value remarkably well, allowing you to enjoy the finer things in life without excessive depreciation.
9. Honda CR-V
Combining versatility, reliability, and fuel efficiency, the Honda CR-V is a top choice in the compact SUV segment.
Its spacious interior, comfortable ride, and strong resale value make it an excellent option for Canadian families who value practicality and long-term value.
10. Jeep Wrangler

2021 Jeep Wrangler Rubicon
For those with a taste for adventure, the Jeep Wrangler is an iconic choice.
Known for its off-road prowess, rugged build quality, and timeless design, the Wrangler maintains its value exceptionally well, ensuring that your journeys off the beaten path won’t depreciate your investment.
If you’re ready for a car loan, we’d love to help with that! simply fill in the form below to get started.