The 10 Cars Fastest To Depreciate In Value And The 10 Slowest
Avoid That Facepalm Down The Road By Buying The Right Car
It's easy to get overly excited when buying a car, but before you sign the papers, have you thought about resale value? With some cars losing a whopping 70 percent of their original cost in only five years, it's an important consideration you don't want to overlook. Here are the 10 cars with the worst resale value and 10 with the best.
1. Maserati Ghibli
Luxury sedans are notorious for losing value very quickly, and the Ghibli is no exception. It loses over 60 percent of its value in five years, making it a great choice for second-hand buyers, but not great for sellers.
2. BMW 7 Series
The BMW 7 series is famous for the wrong reason: being the first car to break 70 percent depreciation barrier after five years of ownership. A used car owner can pick one up for a whopping $65,000 below its original price.
3. Jaguar XF
Because they're such a high-maintenance car, Jaguars are known for depreciating faster than their German equivalents. The XF is a prime example of this, losing over 58 percent of its value in five years.
4. Lexus LS
Another luxury sedan to add to the list of cars to not buy new is the Lexus LS. New, it costs well over $100,000 but by the time it comes to resell, sellers can expect to get only around 30 percent of that figure back.
5. Audi A8
Despite its exceptional quality and performance which goes above and beyond its competitors, the A8 depreciates faster than any other car in its category. It loses 60 percent of its value in only three years.
6. Cadillac Escalade ESV
Despite the quality materials and usefulness of the Escalade, it depreciates almost 60 percent in five years. This is probably because of its high maintenance cost and the fact that most people who want Escalades are likely to buy them new.
7. Mercedes Benz S Class
Mercedes' flagship sedan is one of the worst cars when it comes to holding onto its value. It loses almost half its original cost in five years which is significant for a vehicle that fetches over $100,000 new.
8. Infiniti QX80
Despite being a solid luxury car brand, Infiniti just doesn't have the same reputation as its German counterparts, making the QX80 one of the worst cars to buy new. It will depreciate almost 60 percent after five years.
9. BMW X5
The BMW X5 is a luxury SUV and one of the best vehicles on the German car maker's roster. Despite its performance and quality, it loses almost 60 percent of its value after five years, likely due to its exorbitant starting price.
10. DS 9
The DS 9 emerged as a French competitor to the better-established German brands. Unfortunately, it didn't come close in terms of comfort, practicality, and electronics. As a result, its resale value is abysmal, retaining only about 30 percent after five years.
Now that we've talked about the vehicles that depreciate so rapidly you won't know where your money went, let's talk about the ones that hold onto their value tightly.
1. Porsche 911
The Porsche 911 has long been a sought-after car. It's expensive and impractical for most buyers, but if you've always dreamed of having a sports car then the 911 is a safe bet when it comes to resale value, only losing about 10 percent after five years.
2. Toyota Corolla
The Toyota Corolla has long been praised for its reliability. It might not be anything special in terms of luxury, but buyers know it's dependable, keeping its resale value relatively healthy, losing less than 25 percent after five years.
3. Subaru Crosstrek
If you're looking for a reliable and fuel-efficient car that's suitable for off-road adventure and keeps its value, look no further than the Crosstrek. It depreciates less than 25 percent after five years.
4. Chevrolet Camaro
If you're in the market for a muscle car, your mind not be on practical considerations like resale value, but if you can have the best of both worlds then why not? The Chevy Camaro is a classic American sports car that's a hoot to drive and only loses around 24 percent of its value after five years.
5. Subaru BRZ
You might not expect a fun rear-wheel drive sports car like the BRZ to be a smart purchase choice but it's surprisingly practical. Not only is it affordable but it only loses around 23 percent of its value after five years.
6. Honda Civic
Touted for its dependability, Honda Civic drivers know what to expect when they purchase this practical sedan: no frills but no problems either. As such, Civics hold onto their value extremely well, only losing around 21 percent after five years.
7. Jeep Wrangler
The Jeep Wrangler is an iconic car. Despite being impractical, if off-roading is your priority, the Wrangler is not a bad option, especially seeing as it holds onto 80 percent of its value after five years.
8. Porsche Cayman
The Porsche Cayman is one of the best luxury sports cars you can buy. It ranks high in comfort, handling, and performance. Its stellar reputation allows it to hold onto its value exceptionally well, losing only 17 percent after five years.
9. Toyota C-HR
Toyota's reputation for reliability doesn't stop with their sedans. The C-HR is a perfect family SUV with smooth handling and a stylish design that holds onto 76 percent of its value after five years.
10. Toyota Tacoma
If you're in the market for a compact pickup, the Toyota Tacoma is a smart choice. For a truck, it's an exceptionally comfortable and smooth drive, and it holds onto over 80 percent of its value after the first five years.
