In the world of midsize SUVs, the Toyota Highlander and Hyundai Palisade have emerged as formidable contenders. While both vehicles cater to family needs with ample space, advanced safety features, and a comfortable ride, one question lingers in potential buyers’ minds: Which one holds its resale value better?
Strap in, because we’re about to take a deep dive into the world of Highlander and Palisade resale values.
A Brief Comparison Table
|Established, known for durability
|Rising star, known for modern design
|Design & Aesthetics
|Traditional SUV look
|Modern, bold design
|Spacious, classic infotainment system
|Plush, advanced tech
|Adequate tech, user-friendly system
|State-of-the-art tech, digital displays
|Choice of V6 or hybrid, reliable performance
|V6, smooth drive
|Standard, strong service network
|Generous, improving service network
|Price (as of last update)
|Typically starts at a slightly lower base price
|Might be slightly pricier for base models
|Historically strong resale value
|Growing reputation, good resale potential
|Standard set of safety features
|Advanced driver aids, often more comprehensive
Toyota Highlander: The Established Player
The Toyota Highlander isn’t new to the game. With years under its belt, it’s cultivated a reputation as a reliable and durable SUV.
- Brand Reputation:
Toyota is known for producing long-lasting vehicles. This reputation can naturally boost the resale value of the Highlander.
- High Demand:
Due to its consistent performance, there’s always a market for used Highlanders.
Toyota’s engineering is often lauded for being durable, meaning less wear and tear over time.
Being in the market for so long means that there are many used Highlanders available, potentially driving down resale values in areas with oversupply.
- Older Models:
Older Highlanders may not have all the bells and whistles of newer models, which can affect resale prices.
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Hyundai Palisade: The Modern Contender
The Palisade, though newer than the Highlander, has quickly become a favorite for many SUV enthusiasts.
- Modern Features:
Being a newer model, the Palisade is equipped with the latest tech and comfort features, which can be a selling point for many.
- Fresh Design:
Its contemporary design can appeal to younger generations, ensuring demand in the second-hand market.
Hyundai often offers substantial warranties, making used Palisades attractive for those seeking peace of mind.
- Brand Perception:
Hyundai, though rapidly improving, doesn’t yet have the same long-standing reputation for durability as Toyota. This could affect future resale values.
As with all new models, there’s an initial rapid depreciation in the first few years.
Now, if you’re specifically looking for the best SUV in terms of “Highlander and Palisade Resale Value”, here’s the scoop: Both vehicles have their strengths.
The Highlander has the brand name and proven track record, while the Palisade boasts modernity and freshness.
Key Differences Between the Toyota Highlander and Hyundai Palisade
When it comes to midsize SUVs, the Toyota Highlander and Hyundai Palisade are two names that often pop up in the conversation. Both have their unique selling points, strengths, and weaknesses. If you’re torn between these two, let’s delve deep into their differences to help you make an informed decision.
- Brand Heritage
Toyota is a name synonymous with durability and reliability. With decades in the automobile industry, Toyota has carved out a reputation for producing vehicles that last, and the Highlander is no exception. It is often viewed as a safe bet for those who want an SUV with proven longevity.
Hyundai, on the other hand, is a South Korean brand that has been rapidly gaining traction in the global market, especially in the last decade. Though younger than Toyota, Hyundai’s commitment to innovation, technology, and design is evident in the Palisade.
- Design and Aesthetics
The Highlander sports a more conservative and traditional design. It retains the familiar Toyota SUV look, which is streamlined, understated, yet functional. Its design leans more towards the classic SUV shape, which can be a plus for traditionalists.
The Palisade is a reflection of Hyundai’s modern design philosophy. With its bold front grille, sleek LED lights, and a more sculpted body, the Palisade stands out and often appeals to a younger demographic seeking something fresher on the road.
- Interior Comfort and Technology
The Highlander offers a spacious interior fitted with quality materials. Toyota’s infotainment system is user-friendly, though some might argue it’s not the most modern. Safety features like lane departure alert and adaptive cruise control come standard in most trims.
Palisade shines in this department. The cabin feels plush with high-quality materials and an impressive infotainment system. Hyundai’s focus on tech is evident with features like a digital instrument cluster, ambient lighting, and more advanced driver aids.
With the Highlander, you get a choice between a V6 gasoline engine or a hybrid option. Both offer adequate power for daily driving. Toyota’s focus here is more on reliability than sporty performance.
The Palisade is powered by a V6 that provides a good balance between power and efficiency. Its drive is smooth, and while it’s not a sports SUV, it offers enough pep for most drivers.
- Warranty and After-sales Service
Toyota offers a standard warranty, but the highlight is its robust after-sales service network, especially in North America. Toyota’s longevity means there’s a wealth of knowledge and parts available.
Hyundai often edges out competitors with its generous warranty, often touted as one of the best in the industry. Their after-sales service has improved tremendously over the years, making them a reliable choice for maintenance and support.
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Yes, Toyota Highlanders generally hold their value well. Their reputation for reliability, combined with the Toyota brand’s overall positive perception, ensures a strong resale value.
The Palisade is slightly larger in terms of overall dimensions, offering a bit more cargo space and legroom compared to the Highlander.
Absolutely. The Highlander has been in the market for years and has cultivated a loyal customer base. Its demand in the used car market remains consistently high.
While both are midsize SUVs, the primary difference lies in their brand backgrounds, design aesthetics, and feature sets. The Highlander is from Toyota, a brand known for its longevity, while the Palisade is from Hyundai, known for its modern features and design.
Traditionally, the Toyota Land Cruiser has been known to hold its value the best among Toyota vehicles due to its legendary reliability and off-road capabilities.
No SUV is immune to depreciation, but some models like the Toyota Land Cruiser, Lexus LX, and even the Highlander have been known to depreciate at a slower rate than others.
In conclusion, when considering the resale value between the Highlander and Palisade, it boils down to personal preferences. Do you value the tried and tested reliability of Toyota, or are you tempted by the modern allure of the Palisade? Whatever your choice, both vehicles offer a solid investment for the future.
Your choice between the Highlander and the Palisade boils down to personal preferences and priorities. Whether it’s the tried-and-tested appeal of the Highlander or the modern charm of the Palisade, you’re in for a treat with either SUV.