New Cars With Terrible Depreciation
The typical new car loses about 20% of its value after the first 12 months of ownership. The best models will only lose about 5-10%, but on the other hand, some vehicles can lose as much as 35%.
Forbes this week created a list of the 12 worst cars when it comes to first-year depreciation. The Fiat 500L ranked worst, with a drop in value of 34.6%. See the full list below to see which new vehicles you may want to avoid (or at least get a huge discount on).
As always, if you're shopping for a new car right now, I recommend you use TrueCar and Edmunds Price Promise to quickly see the best deals being offered in your area.
12 New Cars With the Worst Depreciation
| Vehicle | % Loss | $ Loss |
|---|---|---|
| Buick Regal | 31.20% | $11,525 |
| Chrysler 300 | 31.70% | $13,351 |
| Cadillac ATS | 31.80% | $16,099 |
| Fiat 500 | 31.90% | $11,106 |
| Jaguar XF | 32.30% | $19,996 |
| Lincoln MKZ | 33.80% | $14,177 |
| Nissan Maxima | 34.00% | $12,469 |
| Mercedes Benz C250 | 34.30% | $15,247 |
| Kia Cadenza | 34.30% | $12,940 |
| Volvo S60 | 34.40% | $14,020 |
| Lincoln MKS | 34.50% | $16,039 |
| Fiat 500L | 34.60% | $8,096 |
My Recommendation for Car Shoppers
TrueCar No-Haggle, Edmunds Price Promise, 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.California Residents - Important:
There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.- 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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