Thinking About Selling?
It’s a well-known fact that cars are one of those assets that constantly depreciate in value. However, some brands last longer than others, and if you plan on selling or buying second-hand, then you might want to pay attention.
1. Toyota
Toyota cars are well known for their exceptional performance and reliability, as well as low maintenance and repair costs. These cars are a favorite pick among many, and Toyota’s reputation keeps it in high demand. This helps the cars retain their value over time and have a great resale price.
2. Mazda
Mazda offers cars that are a great balance of affordability, efficiency, and looks. They make very desirable and durable cars that offer reliability and are inexpensive to maintain. Models like the Mazda3 have held their value pretty high, even nowadays.
3. Honda
Honda has built its fame on producing reliable, durable, and fuel-efficient cars. The Civic consistently gets resold for high prices through used car websites and dealers. Their strong reputation helps them keep high demand in the used car market.
4. Porsche
Porsche has made reliable and well-engineered cars for a long time, earning themselves the title of affordable luxury cars. The combination of performance and durability makes these vehicles a great investment. Many Porsche models retain their value long after their creation date.
5. Lexus
Lexus combines Toyota’s reliability and durability with luxury. This makes a vehicle that is comfortable, efficient, and one of the best choices for a new car. Their resale value is incredibly high, with dependable performance and brand loyalty being at an all-time high.
6. Jeep
Jeeps are well known for their durability and fine craftsmanship. Their strong builds, reliable performance, and strong community keep the demand high. Since Jeep vehicles are built to last, they hold their value better than most other cars.
7. Hyundai
Hyundai has advanced its quality and technology over the past few years to the point where its newer vehicles are incredibly desirable. With their reliability, quality builds, and industry-leading warranties, they have earned the respect of many. Models like the Tucson have become immensely popular in the resale market.
8. Mercedes-Benz
Mercedes-Benz has always been a high-end brand. The combination of luxury and strong, quality engineering has brought many people to buy a Benz for themselves. One of the most popular resale vehicles has to be the G-Class Mercedes, mostly due to its classic design and incredibly high demand.
9. BMW
BMW vehicles are well known for having high performance and luxurious quality. The X-Series models especially are popular for their durability and desirability. Although they have higher maintenance costs, they are still among the most wanted cars in the used market.
10. Audi
Cars made by Audi are known for their excellent performance and technological advancements. Combining luxury, reliability, and high popularity, these cars have incredible resale values. Models like the Audi Q5 and Q7 are among the most popular in the used car market.
Now that we have discussed the car brands that last, here are 10 that are notoriously well-known for losing value.
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1. Chrysler
Chrysler cars have had reliability issues and poor durability over the years. Their resale value has gone down as buyers try to avoid these cars due to their high maintenance issues. Recently, they have earned the title of fastest depreciating cars due to the Chrysler 300 and Pacifica decreasing in price and sales.
2. Buick
Buick models have some of the lowest consumer demand in the used market. This makes their value drop very quickly, especially when trying to sell one that’s a few years old. The brand’s biggest issue is the lack of identity among newer drivers, causing resale prices to drop repeatedly.
3. Jaguar
Jaguar cars are well known for their incredibly high maintenance costs and frequent mechanical issues. Although it’s considered a luxury brand, the appeal fades quickly due to expensive repairs. Many used car buyers avoid them not only because of their maintenance costs but also because of their bad reputation for reliability.
4. Maserati
Maserati vehicles have a very high initial price tag, but their value depreciates over time due to poor reliability, lack of performance, and high repair costs. The expensive parts for this car aren’t even the biggest issue, as there aren’t many mechanics trained to work on these vehicles, making their resale value drop significantly. A new Maserati loses its resale value significantly the moment it leaves the shop.
5. Volvo
Although Volvo cars offer great safety features, their long-term reliability and expensive repairs make it a struggle to retain value. With so many other car options, Volvo has fallen behind in the resale market. While some new models are starting to do better, older ones are struggling significantly.
6. Land Rover
Land Rover cars are at the bottom of the list when it comes to reliability and mechanics. They cost too much to repair and are unnecessarily complicated in terms of engineering. This makes them an incredibly risky purchase and a sure way to lose money and value quickly.
7. Cadillac
Poor reliability and lack of demand have made Cadillac cars lose resale value fast. With so many other luxury brands to choose from, these vehicles are becoming more and more unpopular with buyers. Another reason it’s fading into irrelevance in the resale market is the lack of engagement with newer and younger buyers.
8. Tesla
Tesla vehicles have depreciated more than any others due to the rapid advancements in electric vehicle technology. Older models have lost an immense percentage of their resale value and have become increasingly unreliable. Combine that with the recent controversies surrounding Tesla’s CEO, Elon Musk, and you get a brand that has never seen its resale numbers sink faster.
9. Nissan
Nissan cars have long struggled with quality and performance issues. Due to their poor reliability and high repair costs, they have damaged their reputation, leading to lower resale values. With many mechanical issues and a lack of community trust, Nissan has been failing to retain its value.
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10. Ford
While Ford is a popular brand when it comes to trucks, sedans, and hybrids, their resale values have rapidly depreciated. This is mainly due to mechanical problems, transmission issues, and high gas usage for some models. While their trucks hold their value well, other cars like SUVs and some hybrids have plummeted in value.
