Top 10 Cars that Depreciate the Most
Vehicles suffer from depreciation in varying amounts, and this affects their market value. But which are the cars that depreciate the most?
Depreciation cannot be avoided when it comes to cars. Owning a new car is next-level happiness, but over the first years, the majority of cars lose a significant percentage of the original value, and the buyer cannot regain this amount.
When buying a new car, you consider the cost and lifespan, but model depreciation is not often something you think about. Analysis of factors such as road tax, fuel economy, and costs of servicing are appropriately done.
But depreciation is often overlooked, and it becomes substantial if the car loses a high percentage in the initial years.
Most cars take many years to depreciate to half of their value; however, rarely some of them appreciate or rise in value. When we see the new car spectrum, there is a lot of differentiation in depreciation.
Commonly, over a three year period or after 36,000 miles, a good car loses less than its half value; however, cars that depreciate the most lose three-quarters of their original value in the same period.
The criteria for car depreciation
Cars that depreciate the least are likely the ones with popular demand in the market. They have brilliant reputations for quality, reliability, and safety, as well as awards. These are available with little discount when new, and at resale time, they hold their value.
In contrast, the cars that depreciate the most are those with lower reputations for performance or quality than popular brands. These are sustenance brand models and differ from mainstream brands.
Some limited edition in-demand SUVs, supercars, and performance cars could appreciate with time and are best for long time investments.
On the other hand, some brands will depreciate over time, especially over the initial year of buying. Cars that depreciate the most can be a massive liability for new buyers.
Get the maximum value for your money if you are thinking of buying the used car as these can depreciate steeply. Depreciation can be a surprise disaster for the original buyer too.
We have gathered the top 10 cars that depreciate the most in the three year/36,000 mile ownership time.
10. Citroen C3 Hatchback
The Citroen C3 is an exciting and cheerful car. The brand offers lavish cars at an affordable price, but when it comes to the Citroen C3 hatchback, there is plenty of charm and luxuries.
It is one of the cars that depreciate the most, so it is hard when it comes to selling.
9. Peugeot 308
The Peugeot 308 is a strong competitor in the hatchback class. It is known for its strength and classy interior. Peugeot 308 comes with economical engines, and it is spacious.
Reviewers did not like the cramped rear seats and sloppy handling, however. It’s 1.5 Blue HDi 100 Active version is one of the cars that depreciate the most.
8. Maserati Quattroporte
When it comes to luxury and a sporty look, the Maserati Quattroporte car is the first to consider. But it doesn’t take the lead when you consider its engine.
The diesel engine is coarse, giving the bumpy ride and a not-so-comfortable experience. So you can understand the reason behind its quick depreciation.
7. Vauxhall Astra Sports Tourer
The Vauxhall Astra comes with ample qualities making it a popular choice. The major drawback comes in a financial sense as it is expensive with a not so good interior.
There are a lot of options to buy when you are looking for a family car, especially those who want MPVs or SUVs. It does not attract young drivers who love to drive Golfs and BMWs.
6. Audi A8 Saloon Quattro 3.0
The Audi A8 also suffers a similar depreciation rate like other lavish cars. It is one of the cars that depreciate the most in the spectrum of luxurious cars. Its value begins to decrease from the very first day of buying.
5. Fiat Tipo Station Wagon 1.4 MPI Lounge 6spd
The rough driving experience, inferior cabin feel, and ordinary looks make it less popular as most of the people now prefer a crossover/SUV.
4. SsangYong Turismo
The Turismo is not exciting to drive, and its plain looks are not super attractive. So think before buying as it may be difficult for you to get even a quarter of your investment back. It is one of the cars that depreciate the most.
3. Mercedes-AMG E53
The Mercedes AMG 53 uses a V6 petrol engine of 3 liters and a 48-volt hybrid system that enhances its performance and efficiency.
However, it is expensive and does not match the performance of E 63 and thus falls under the category of cars that depreciate the most.
2. Citroën C1
This city car is cheap and feels nimble in town, but you can enjoy it unless you are going to sell the car as it has a high depreciation rate from its original value.
1. BMW 6 Series
The BMW 6 Series is not as faithful as the other models, and it has about 69% depreciation rate.
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