5 Vehicles You Should Avoid Buying
August 1, 2013
It's a well known fact that the moment you purchase a brand new car and drive it off the dealer lot, the value of that car automatically drops. And every year the car continues to depreciate.
However, not every vehicle depreciates equally, and it can vary widely from car to car. This is especially important if you plan on getting rid of the car within 5 years.
To help navigate the choppy depreciation waters, our friends at BankRate.com recently put together a list of the top five cars that lose a lot of value, along with some better alternatives. And as always, whenever you are purchasing a new car, make sure to use the free CarWoo Deal Finder to get the best deal possible.
|Vehicle||MSRP||Depreciation Over 5 Yrs||Alternative||MSRP||Depreciation Over 5 Yrs|
|2013 Suzuki Grand Vitara Premium RWD||$22,349||$14,379||2013 Mini Cooper Countryman||$22,000||$10,210|
|2012 Jeep Liberty Limited Sport 2WD||$23,395||$15,239||Toyota FJ Cruiser 4x2 AT||$26,115||$8,113|
|2012 Kia Sedona LX||$24,900||$17,730||2012 Honda Odyssey||$28,375||$14,768|
|2013 Chevrolet Impala LT||$27,385||$17,983||2013 Toyota Camry L 4Dr Sedan||$22,235||$9,688|
|2013 Jaguar XJ AWD||$76,700||$52,014||2013 Porsche Panamera||$80,450||$41,988|
My Recommendation for Car ShoppersTrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
New York Tri-State Residents - Important:There is a new car leasing service called Carvoy, available to NY tri-state area residents, which I recommend you try - especially if you hate the stress of haggling with car dealerships. Carvoy provides pre-negotiated lease deals, calculated with taxes and all fees incuded so you know exactly what it will cost. Here is my list of Best Carvoy deals, updated each month.
- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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