Choosing which car to buy is a big decision. If price matters, and it likely does, then you will want to avoid the cars on this list. After buying them new, their value plummets, and your loss on investment is huge. Are you prepared to lose $14,000? That’s how much you can expect a few of these cars to depreciate in one year!
The Smart Fortwo Isn’t Budget Friendly
Are you eager to embrace the electric revolution? If so, you have undoubtedly looked at the Smart Fortwo. With a starting price of $25,390, this stylish vehicle has alluring autonomous functions as standard. But if this is your ideal vehicle, proceed with caution.
The value will decrease by almost 36% after a year! Hold onto the modest automobile for a few years if that’s the one you’ve been dreaming of. In this manner, the pain won’t be as great when the time comes for you to move on.
The Hyundai Genesis Is Not The Future
Hyundai’s attempt at making a premium vehicle is the Genesis. It’s a sleek and thrilling car on the outside. It can compete with Mercedes-Benz and BMW quarter-mile for quarter-mile, even if they may not have the same brand recognition.
Regretfully, owners of Genesis vehicles often experience a 38 percent depreciation after a year. That works out to a $16,000 loss on investment with a $52,000 price tag. If finding the greatest deal is significant to you, you could be better off purchasing one of them used.
The Ford Mustang Sixth Generation Makes The GT A Steal
Ford Mustangs are iconic vehicles. The Mustang GT is the finest option if you’re trying to get one for the lowest possible price. On the secondary market now, it may be purchased for as low as $10,000, down from its original $35,000 price.
Why has the price dropped to this extent? The star of the show is the sixth-generation Mustang BULLITT. A GT may now be stolen for a meager cost. The timing is now more than ever to purchase your first sports vehicle!
The Nissan Rogue Isn’t A Rebel
The Rogue SV is not as groundbreaking as Nissan had planned, and it will set you back at least $26,000. The pricing includes a motion-activated liftgate, automated temperature control, and remote engine start. The resell value is omitted.
You can convert your SV to a hybrid for an additional $1,000. This includes the 60/40 split second-row seats and more underfloor freight room. But once you drive off the lot, none of those features will be able to stop the Rogue from depreciating quickly.
The Mini Cooper’s Losses Aren’t Small
If you purchased a 2015 Mini Cooper, get ready for a surprise. It has already lost 29% of its value in a few years. It’s undoubtedly sleek and fashionable, and if you find one on the secondary market, you’ll get a wonderful value.
The good news is that the 2015 Mini Cooper was a great deal at first, even if it has already lost about a third of its value! It was originally priced at $20,000!
The Volkswagen Beetle Is Small But Fierce
An icon is the Volkswagen Beetle. It remains a hugely popular showcase car for the manufacturer to this day. Its oversaturation may be the reason why it has one of the lowest resale prices on our list.
In the first year, beetles often lose 37% of their value! But don’t lose your temper. Retain your Beetle. Since there won’t be any more 2019 models made, demand for the previous versions may eventually increase their resale value.
The Chevrolet Express Is Great For Businesses
Unless you operate a business, you likely have no interest in purchasing a cargo van. Although the Chevrolet Express has one of the largest interiors available, its resale value is appalling.
Business owners can anticipate that their cargo vehicle would lose around 40% of its original worth after a year. For cargo vans, it’s one of the biggest depreciations. Of course, it can still be worthwhile if you use it daily. These creatures are made to withstand heavy damage.
The Lincoln MKS Is A Great Value On The Secondary Market
The 2016 manufacture of the Lincoln MKS was discontinued for a reason. It was not Lincoln’s best-selling vehicle. Sales of this low-cost luxury vehicle never took off. Depreciation therefore took a serious toll on MKS owners. In the first year, the car loses about thirty percent of its value.
A new Lincoln model based on the Continental will take the place of the MKS. It’s time to buy if the MKS is the Lincoln you’ve been waiting for. It can only be obtained at an exceptional price on the secondary market.
The Lexus ES Has A Boring Problem
Lexus is known for producing elegant and powerful automobiles. Admirers and potential purchasers are aware of what they want from a Lexus, and the ES 350 is not it. Despite being called a Lexus, the vehicle is more like a non-luxury sedan.
Therefore, it should come as no surprise that the ES 350 loses, on average, $9,000 in the first year of ownership. Although the 350’s new models claim to have been completely overhauled, only time will tell if this impacts the secondary market.
The Kia Optima Isn’t Saved By Its Upgrades
A brand-new Kia Optima won’t cost the earth to purchase. The well-known vehicle begins at $22,000. It’s roomy and elegantly understated. It offers everything that someone looking to buy an automobile would need. Everything but gradual depreciation and miles per gallon.
The Optima loses around thirty-five percent of its value in the first year. You can get approximately 27 miles per gallon in the city, which may seem high, but it’s actually on the low side for automobiles of that kind. Of course, purchasing the hybrid model will result in higher MPG and resale value.
The Kia Cadenza Should Be Bought Used
The Kia Cadenza’s initial year depreciation is the sole drawback. On average, this $33,000 investment will lose 38% of its value in a year. This makes it a fantastic used car to purchase.
Consider yourself warned if you decide to purchase it brand-new. You won’t find this Kia on our list for very long. Although the Optima has previously been covered, you haven’t read about its luxury entry. How is it going to compare?
The Jaguar XK Is Best Left On The Showroom Floor
This premium car’s most recent model has a starting price of $82,000. For buyers, that is the first indication that its initial worth would not be retained. The 2015 Jaguar XK’s value dropped by 30% after a full year of ownership. It makes sense why Jaguar stopped making cars.
The Jaguar that will take the place of the XK is F-type based. It is likely to be equally expensive and to depreciate similarly. An $82,000 automobile is difficult to think would hold such high value for very long.
The 2011 Hyundai Sonata Is The Perfect Car For Today
One excellent automobile is the Hyundai Sonata. It has a price range of $20,000 to $30,000 and is reputable for its durability and performance. It has become one of the most well-liked family vehicles available. Owing to their recent surge in popularity, older models are depreciating quickly.
That being said, the 2011 Sonata is still a good vehicle. In actuality, the situation is precisely the reverse! It’s far more reasonably priced and just as good as the new versions. When a used Sonata can be had for around $8,000, why spend $30,000 on a new one?
The Nissan Leaf Floats On The Wind
Nissan claims to be the best-selling electric vehicle in the US in its marketing materials. It boasts 150 miles of range and power to go along with it. But that’s as exciting as it gets. A $7,500 tax credit is available with the purchase or leasing of a Leaf, which may help make it an enormous hit.
With the rebate, the starting base price of $29,000 is reduced to $21,500. The Leaf has therefore lost value even before you remove it from the lot. When you combine that with the annual depreciation, Nissan is offering one of the least valued vehicles on the aftermarket.
The Chevy Impala Is Nice To Look At, But That’s About It
No other vehicle on the market is as fuel-efficient as the Chevrolet Impala. With its 305 horsepower at its maximum, the fleet car can only earn you 18 mpg in the city. The MPG increases to 22 when the normal 2.5L engine is used.
But the 33.5 percent depreciation in the first year isn’t due to that MPG. This is a consequence of the Impala being a fleet car. One is more likely to be provided to you as a corporate vehicle or rental automobile. They are not as common as cars for commuting.
The Dodge Charger Isn’t Worth The Investment
At first, the Dodge Charger appears to be a great deal. A sports vehicle with killer looks for less than $30,000. What may go wrong, if anything? One is the cost of maintenance. A brand-new 2015 Dodge Charger that cost $26,000 will now cost $41,000 after five years of maintenance and upkeep.
Even worse, the car’s value will decrease by 45% throughout that period! Make sure you understand what you’re getting into if the Charger is your ideal vehicle. You wouldn’t want that fantasy to come true!
The Chevrolet Camaro Depreciates Like A Luxury Car
Among the most well-liked sports vehicles in the US is the Chevrolet Camaro. Its depreciation rate is likewise among the greatest. A year and a half after one is driven off the lot, its value plummets drastically by 39%.
That is not good for a car that, in its base model, costs $25,000. Similar to the Charger, the total cost of ownership for the first five years comes to about $40,000. However, given how well-liked the vehicle is, we don’t think those figures will negatively impact total sales.
Used Is The Way To Buy A Mitsubishi Lancer
These days, you can only purchase a Mitsubishi Lancer secondhand. Except for Taiwan and China, the carmaker ceased production of the vehicle globally in 2017. They stated that the change was made to concentrate on SUVs and crossovers.
We also believe that its 35 percent depreciation rate plays a role. Can you determine a better long-term investment, a Mini Cooper or this? Despite being quoted at $4,000 cheaper than the Mini, the maintenance costs for the Lancer will ultimately be $5,000 more.
The Cadillac CTS Is Showing Signs Of Aging
The Cadillac CTS is among the most reasonably priced high-end vehicles available. With modifications, the price might soar to $60,000 from the starting $45,000. You would think that it would keep its value better than comparable premium vehicles at that price. Nonetheless, sources state that in its first year of use, the 2015 CTS lost 37% of its value.
Even with the unfortunate news regarding depreciation, the Cadillac CTS remains a dependable and well-made vehicle. After purchasing one, likely, you likely won’t want to trade it in or sell it for years to come.
The GMC Yukon Is A Gas Fiend
If you’re searching for a vehicle with plenty of cargo space, the GMC Yukon is ideal! If you’re looking for a car primarily for overall value and miles per gallon, you should seek elsewhere. The Yukon has a starting price of $49,000 and a city fuel economy of barely 15%.
Your Yukon will also lose thirty-three percent of its value after the first twelve months of ownership! That represents a roughly $16,000 loss. If nothing else, at least you won’t have to hire a U-Haul again.
