Choosing what car to buy is a big decision. What’s most important to you; safety, price, roominess, miles per gallon, or a combination of all of the above? If price matters, then you’re going to want to avoid the cars on this list. After buying them new, their value plummets, and your loss on investment is huge. We bet you’re not prepared to lose $14,000 because that’s how much a few of these cars will depreciate in one year!
You won’t believe what the real value of VW Beetle is!
The Smart Fortwo Isn’t Budget Friendly
Looking to join the electric revolution? If you are, you’ve probably taken a look at the Smart Fortwo. The trendy car starts at $25,390 and comes standard with tantalizing autonomous features. Be careful if this is your dream car, however.
After one year, the value will drop by roughly 36 percent! If the small car is the one you’ve been dreaming about, make sure you hold on to it for a few years. That way, by the time you’re ready to move on, it won’t hurt as much.
The Hyundai Genesis Is Not The Future
The Genesis is Hyundai’s entry into the luxury car game. On the surface, it’s a slick and exciting vehicle. It might not have the name power of Mercedes Benz or BMW, but it can definitely compete with them quarter mile for quarter mile.
Unfortunately, Genesis owners usually see a depreciation of 38 percent after one year. With a price tag of $52,000, that equals a $16,000 loss on investment. You might be better off buying one of these second hand if you’re truly looking for the best value.
Up next, an electric car that has become a questionable investment.
The Nissan Leaf Floats On The Wind
The Nissan Leaf advertises itself as the best selling electric car in the United States. It has a range of 150 miles and horsepower to match its range. That’s where the excitement stops, though. To help turn the Leaf into a huge hit, a tax credit of $7,500 is offered by purchase or lease.
Starting at a base price of $29,000, its price drops to $21,500 with the credit. So before you even take it off the lot, the Leaf has lost value. Add that to the year by year depreciation and Nissan is selling one of the least valuable cars on the secondary market.
The Nissan Rogue Isn’t Really A Rebel
Not as revolutionary as Nissan hoped it would be, the Rogue SV will cost you a minimum of $26,000. Included in the price tag is remote engine start, automatic temperature control, and a motion activated liftgate. Not included is good resale value.
For an extra $1,000 you can upgrade your SV to a hybrid. Included with this is increased underfloor cargo space and the 60/40 second row split seating. None of those features will stop the rapid deprecation that happens to the Rogue once you drive off the lot, though.
Up next, the small car that made a big comeback at the turn of the century!
The Mini Cooper’s Losses Aren’t Small
If you bought a 2015 Mini Cooper, then prepare for a shock. In just a few short years, it’s already depreciated by 29 percent. It’s sleek and stylish for sure, and you’ll get a great deal if you find one on the secondary market.
The good news is a the 2015 Mini Cooper started at $20,000 brand new, so even though it’s already lost nearly a third of its value, it was a bargain deal to begin with!
The GMC Yukon Is A Gas Fiend
If cargo room is what you’re looking for, then the GMC Yukon is perfect for you! If miles per gallon and overall value are what you’re car shopping for, you should probably look elsewhere. The Yukon starts at $49,000 and only averages 15 miles per gallon in the city.
After the first 12 months on the road, your Yukon will depreciate by 33 percent as well! That’s a loss of around $16,000. At least you won’t need to rent a U-Haul ever again.
The Volkswagon Beetle Is Small But Fierce
The Volkswagon Beetle is a classic. One of the automakers flagship vehicles, its still incredibly popular today. Perhaps because of the over saturation of the vehicle, it has one of the worst resale values on this list.
On average, Beetles depreciate by 37 percent in the first year! Don’t get mad, though. Hold onto your Beetle. With no more new models being produced after 2019, demand for older ones could help its resale value rise down the road.
Still ahead, a cargo fan that holds everything except value.
The Chevrolet Express Is Great For Businesses
Chances are unless you’re a business owner, you’re not interested in buying a cargo van. The Chevrolet Express is one of the roomiest on the market but comes crashing down when it comes to resale value.
After one year, business owners should expect their cargo van to lose about 40 percent of its initial value. It’s one of the largest depreciations for cargo vans. Of course, if you’re using it every day, it might be worth it anyways. These beasts are built to take a beating.
The Chevy Impala Is Shiny To Look At
The Chevrolet Impala is not the most fuel efficient car on the market. Maxed out at 305 horsepower, the fleet vehicle will only get you 18 miles per gallon in the city. Getting the standard 2.5L engine raises the MPG to 22.
That MPG isn’t the reason for the initial year 33.5 percent depreciation, however. That comes as a result of the Impala being a fleet vehicle. You’re more likely to get one as a rental car or a company car. They are far less common as commuter vehicles.
Coming up, Lincoln gets its first car on this list, but which one is it?
The Lincoln MKS Is A Great Value On The Secondary Market
There’s a reason the Lincoln MKS ended production in 2016. The car was not one of Lincoln’s best sellers. Marketed as an affordable luxury car, sales never soared. As a result, depreciation hit MKS owners hard. The vehicle loses roughly 30 percent of its value in the first year.
Replacing the MKS will be a new Lincoln model based on the Continental. If the MKS is the Lincoln you really wanted, now is the time to buy. It’s only available on the secondary market, and should be found at an excellent price.
The Kia Optima Isn’t Saved By Its Upgrades
Buying a brand new Kia Optima won’t break the bank. The popular car starts at $22,000. It’s spacious and simplistically stylish. It has everything prospective car owners would want. Everything except for miles per gallon and slow depreciation.
In the first year, the Optima depreciates by about 35 percent. Driving around the city, you’ll manage about 27 miles per gallon, which sounds like a lot, but is on the low end for similar cars. Of course, you can increase resale value and MPG by buying the hybrid version.
The Kia Cadenza Should Be Bought Used
The only thing not to like about the Kia Cadenza is the first year depreciation. On average, this $33,000 investment will lose 38 percent of its value in one year. This makes it a great vehicle to buy used.
If you choose to buy it new, consider yourself warned. This won’t be the last Kia you see on this list either. You’ve already read about the Optima, but not about their luxury entry. How will it stack up?
You’ll have to keep reading to find out.
The Jaguar XK Is Best Left On The Showroom Floor
The last model of this luxury car started at $82,000. That’s the first sign for buyers that it won’t retain its initial value. Twelve months into ownership, the 2015 Jaguar XK fell in value by 30 percent. No wonder Jaguar ended production.
The Jaguar replacing the XK is based on the F-type. Chances are it will cost just as much, and probably have similar depreciation. It’s hard to imagine an $82,000 car maintaining such high value for very long.
The Ford Mustang Sixth Generation Makes The GT A Steal
The Ford Mustang is a classic. If you’re looking for the best value to buy one, look no further than the Mustang GT. Initially priced at $35,000, it can be found for as little as $10,000 on the secondary market today.
What’s the reason for such a price drop? The sixth generation Mustang BULLITT is stealing the show. Now you can steal a GT for an amazingly affordable price. It’s never been a better time to buy your first sports car!
The 2011 Hyundai Sonata Is The Perfect Car For Today
The Hyundai Sonata is a great car. It ranges from $20,000 to $30,000 and is known for its performance and dependability. Recently, it’s become one of the most popular family cars on the road. Thanks to this newfound popularity, older models are losing value fast.
That doesn’t mean the 2011 Sonata is a bad car. The fact of the matter is quite the opposite, actually! It’s just as great as new models, and much more affordable. Why buy a new Sonata for $30,000 when you can find an older model for just $8,000?
Up next, a Lexus that’s not as luxurious as you might think!
The Lexus ES Has A Boring Problem
Lexus has a reputation of making car that are sleek and powerful. Fans and prospective buyers know what they want in a Lexus, and the ES 350 isn’t it. Although a Lexus by name, the car has more in common with non-luxury sedans.
It’s no surprise then, that the ES 350 drops an average of $9,000 after its first year of ownership. New models of the 350 promise the car has been redesigned from the ground up, but only time will tell if that makes a difference on the secondary market.
The Dodge Charger Isn’t Worth The Investment
The Dodge Charger seems like a bargain at first. A sports car under $30,000 with looks that kill. What could possibly go wrong? The cost of upkeep, for one. A 2015 Dodge Charger bought for $26,000 brand new will cost $41,000 with maintenance over five years.
Even worse, in that time, the car will drop 45 percent in value! If the Charger is your dream car, make sure you know what you’re getting yourself into. You wouldn’t want that dream to turn into a nightmare!
The Chevrolet Camaro Depreciates Like A Luxury Car
The Chevrolet Camaro is one of the most popular sports cars in the United States. It also has one of the highest depreciation rates. Twelve months after driving one off the lot, its value takes a luxurious plummet of 39 percent.
That’s not good for a car that costs $25,000 for its bare-bones edition. Like the Charger, the cost of ownership ends up being around $40,000 over the first five years. With how popular the car is, though, we don’t expect those numbers to hurt overall sales.
Used Is The Way To Buy A Mitsubishi Lancer
Actually, used is the only way you can buy a Mitsubishi Lancer these days. The automaker stopped production of the car around the world (except for Taiwan and China) in 2017. They claimed the move was to shift their focus to SUVs and crossovers.
We think its 35 percent depreciation rate is partly responsible as well. Compared to a Mini Cooper, can you guess which is the better long term investment? The Lancer, while listed as $4,000 less than the Mini, will end up costing $5,000 more in maintenance fees.
Still ahead, we look at a Cadillac that failed to impress.
The Cadillac CTS Is Showing Signs Of Aging
The Cadillac CTS is one of the more affordable luxury cars out there. Starting at $45,000, the cost can skyrocket to $60,000 with upgrades. For that cost, you’d expect it to hold value better than other luxury cars. According to reports, however, the 2015 CTS depreciated by 37 percent in its first year.
Despite the bad news about depreciation, the Cadillac CTS is a reliable and well built machine. Chances are after you buy one, you won’t want to sell it or trade it in for years anyways.
The Chrysler 300 C Is All About The Looks
First introduced in 2005, the Chrysler 300 C is one of the automakers highest selling sedans. It’s a wonder to look at and monster on the road. As happens with luxury cars, though, if you think you might want one make sure to check out the prices on the used market first.
Brand new, a 300 C will cost you upwards of $40,000. Used, the car becomes much more affordable and can be found for as cheap as $20,000 in good condition.
The Buick Regal Is Its Own Worst Enemy
The introduction of the 2019, redesigned Buick Regal has hurt the value of older models more than anything. Listed at $39,000, the new look is part of Buick’s push to attract younger consumers. Sadly, that push is coming at a price.
Older versions of the Regal, which used to cost less than $30,000 brand new, can be found for as cheap as $10,000 on the used market. With all the features those models came stocked with, it might be a better deal too.
The Fiat 500 L Failed To Attract Families
The Fiat 500 L promised a lot that it failed to deliver on. Designed to take a chunk out of the family van market, the underpowered small car underperformed as well. Even with a base price of $20,000, depreciation hit the Fiat 500 L hard.
After three years, the 500 L is only worth around $13,000. Fiat, to its credit, is trying a new strategy, marketing the 2019 model to young people looking for new adventures.
The Jaguar XF Isn’t Worth The Sticker Price
The Jaguar XF comes stocked with all the luxury you could ever need. It has leather seats (of course), a powerful engine, flawless design, and advanced safety features. It also costs an arm and a leg, starting at $49,000. The price jumps to $64,000 if you prefer the Sportbrake version.
One way to get all that luxury without hurting your bank account is to buy an older model. Models from 2009 can be found for around $15,000. As long as you can live without bluetooth connectivity, that’s one of the best deals on the market!
The Lincoln MKZ Never Found An Audience
Lincoln planned to use the MKZ to compete with Mercedes Benz C-Class and the BMW 3-Series. Unfortunately for the company, it was outclassed by its competitors. Failing to find footing in the market hurt the resale value. A five year old MKZ can be found for around $15,000 in good condition.
Compare that to the $35,000 price tag of the 2019 model and its clear which one you should buy. Just know by choosing Lincoln, new or used, you’ll be sacrificing power and performance.
The Nissan Maxima Is A Used Steal
Do not buy a brand new Nissan Maxima if that’s the car you’re interested in. The depreciation is really bad. If you don’t mind buying a car with some miles on it that’s only two to three years old, the 2016 Maxima is available used for $20,000.
A 2019, shiny new Maxima starts at $34,000. A loss of $14,000 in value over three years sounds like a steal to us for a car that will work like brand new.
The Kia K900 Loses Half Its Value In Two Years
Kia, like Hyundai, jumped head first into the luxury market in 2015 when it introduced the K900. The pricey sedan, which starts at $60,000, came standard with all the features needed to battle it out with Mercedes Benz and BMW.
The price of getting into the luxury business has been steep for Kia. Their flagship luxury sedan loses half its value in just two years. That means if you waited to buy a full priced 2015 model until 2017, it would only cost you $30,000.
The Passat Was Hurt By Volkswagon’s Cheating Scandal
Known or quality and style, the Volkswagon Passat is one of the most reliable mid-sized family sedans on the market. It’s also also one of the cheapest on the secondary market. The value of the car was destroyed after Volkswagon was caught cheating to pass emissions test.
Thanks to the scandal, you can now find a 2014 Passat for $12,000 in great condition. The original cost of the car was $25,000. A brand new model Passat will also cost $25,000 without any added features.
The Audi A8 Never Stood A Chance
A brand new Audi A8 will cost you $83,000. The high end luxury car features monstrous specs that more than justify the price tag if you can afford it. If you can’t, older models have depreciated so much they might be in your price range.
A standard 2012 model is worth roughly $30,000 on the market today. If that’s still too much for your stomach look for the W12 model; it’s even cheaper and comes fully loaded with more features than you’ll ever need.
The Cadillac XTS Couldn’t Live Up To The Hype
When Cadillac introduced the XTS in 2013, it came with a hefty $45,000 price tag. Initial market reviews weren’t kind to mid-sized sedan. It offered poor driving mechanics and was considered inferior to other Cadillac models at the time.
Because of those reviews, the XTS wasn’t a big seller. Today, older models can be found on the used market for half the sticker price. A brand new XTS will still set you back $45,000, making this a great used buy for any Cadillac lovers out there.
The Acura ZDX Couldn’t Handle The Hype
When Acura launched the ZDX in 2010, they were hoping to make an impact in the crossover market. The car was sports and had a powerful engine and low roof line. Unfortunately, after four years, the car failed to make an impact and Acura ended its run.
In fairness, the timing of the release of the ZDX may have just been wrong. Critics called in “ugly” and “strange,” in 2010, but to us it just looks ahead of it’s time. If you’re interested, you can find one for around $130,000 on used lots.
The Maybach 57/67 Was A Half Million Dollar Investment
It’s no surprise that Maybach makes this list. The Maybach 57 was launched in 2006 with a $400,000 price tag. The more luxurious Maybach 62 came out of the gate the same year for $500,000. If you ask us, that’s an insane price to pay for a car!
With such a high price tag, it’s no wonder that depreciation hit these cars hard. These days, a used one in good condition will only set you back around $50,000. Now, don’t get us wrong, that’s still a lot, but it could be much higher.
The Cadillac SRX Is A Luxurious Bargain
Are you looking to start a family but still want to drive in the lap of luxury? Look no further than the Cadillac SRX. The big SUV is perfect for families and adventure seekers, and comes equipped with dozens of features and a 265 horsepower engine.
Originally priced at $40,000, a Cadillac SRX in good condition can be bought for around $15,000 today. Just because you can’t afford to buy a car at sticker price doesn’t mean you can’t treat yourself every once in a while!
The Chrysler Aspen Is A Good Budget Buy
If you really need a new car, want it to be stylish, but can’t break the bank, then the Chrysler Aspen is for you. The large SUV offers seating for eight with plenty of room for everyone. In 2009, a new one would have cost you $40,000.
In 2019, an Aspen that has been well maintained will only set you back around $12,000. Even for a non-luxury family vehicle that’s a huge steal! Excuse us while we go check out the used car lots!
The Mercedes CL-Class Flunked Out Of School
Mercedes Benz has a rich history of being one of the best luxury cars on the market. It might surprising then, to see them make this list. The two-door CL-Class looked a like a great addition to the legacy.
Equipped with a powerful engine, the best luxury features, and room for four people comfortable, what could have gone wrong. Maybe the $100,000 price tag. If you wanted one at release and still long for it today, check out your local dealer where it could be as cheap as $25,000
The BMW5 Series Is A Luxurious Lie
Brand new, a BMW 5 series sedan will cost you an arm and a leg. After one year, that value will depreciate by 18 percent. After three years of ownership, the car will less than half the original sticker price.
Also, if you can, you should could consider buying one used. They might not be the most valuable cars (which is good for you), but they are incredibly reliable and efficient. To achieve this standard of efficiency, BMW stripped away some of the more luxurious elements.
The Mercedes Benz E-Class Loses Value Fast
Another high end Mercedes Benz model, the E-Class loses nearly 50 percent of its initial value faster than you can blink. Beautifully designed with performance in mind, the car is undeniable sleek and stylish, just maybe not a investment to make right away.
Give it a few years, and like so many cars on this list, the value will become much more palatable, especially to those of use who have always wanted to drive a luxury car, but have never had the money to do so.
The BMW Three Series Is Too Popular
The BMW 3 Series is an incredible vehicle. It is also one of the German car makers most popular models. This high demand has destroyed the resale value of the vehicle. If you bought one new three years ago, it’s already lost half of its value.
This depreciation is steep, and usually not what happens with BMW. Although there have been other models from the company on this list, they also have several models that become more valuable with time.
The Ford Taurus Has A Bad Horroscope
Ford has made several amazing cars over the years. Henry Ford is one of the most important figures in the entire history of automobiles. We wonder if he’d be proud of the Ford Taurus. The family sedan has been a longtime member of the Ford family, but also has one major flaw.
No Ford model loses value faster than the Taurus. The car, which is affordable to begin with, losing half of its value after three years. Three years!
The Chrysler 200 Is Feature Deficient
One of the joys of buying a luxury cars are the features that you wouldn’t get from a non-luxury car. When Chrysler released the 200, they tried to create a luxury vehicle with a price tag for the masses. It didn’t work.
The Chrysler 200 was a luxury car in name only, and lacked several features customers of the car brand expected. Because of this, the model loses half its value in three years. That’s kind of a big deal.