An EV Pickup Truck Perfect For Retirees Has A 65% Resale Value

Retirees might not be working full-time, but they are certainly living full-time lives and, depending on what they like to do and where they need to go, they might need a reliable vehicle to get them there. There are definitely a few cars that retirees could buy for under $10,000, as well as a couple of affordable options for trucks that have outstanding resale value. Because while retirees might need a truck for the time being, it might not be their forever vehicle, so they'll want to recoup some money down the line when they put it up for sale.

MotorTrend found that when it comes to trucks with the best resale values, the 2023 GMC Hummer EV Pickup might be the ideal choice for retirees at 65%. While the notion of a Hummer EV might feel like an anomaly, this vehicle has a lot to offer retired drivers, both when they buy it and when they decide to sell it.

Unlike other popular vehicles that retirees will instantly regret buying, the 2023 GMC Hummer EV Pickup that, according to Car and Driver, creates an idyllic riding experience, thanks in part to the massive EV power within the engine and easy-to-steer rear-wheel-drive, handling off-road terrain as well as any truck that uses traditional gas for fuel.

Edmunds noted that the market suggested retail price for this truck is about $87,900 to start and goes up from there depending on trims, features, and upgrades. While it might be one of the more expensive trucks out there, the 2023 GMC Hummer EV Pickup can get up to about 400 miles of range based on Edmunds' real-world testing. Plus, retirees can add in-car driver aids and technological features to help guide their experience behind the wheel, though this truck moves smoothly despite its huge size.

Maintenance costs tend to be lower for EVs in general, meaning the retiree could save on mechanic bills by owning this truck, since a 2020 Consumer Reports study found most EVs have 50% lower repair costs when compared to gas-powered cars, though savings will vary amongst individual vehicles.

Every retiree will want something unique about their next car. Some are in the market for great gas mileage while others could be looking to spend under $25,000, but for other retirees, environmental impact and resale value could be top considerations of their next vehicle. That's where the 2023 GMC Hummer EV Pickup fits the bill.

According to Kelley Blue Book, this truck has a fair market range of $66,121 on the low end to $75,425 on the higher side, with the fair purchase price being about $70,501 and a typical listing going a grand higher at $71,501. It's important to calculate the amount of mileage on the truck and what condition it is in before listing it for sale, but retirees can expect to get a great price on their 2023 GMC Hummer EV Pickup when they finally do put it on the resale market.