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5 New Cars You Should Avoid
April 11, 2013Although most adore the new car smell, one thing that keeps many from purchasing a brand new car is depreciation - the fact that once you drive that new car off the lot, the value automatically drops quickly and will keep going from there.
However, not every car depreciates the same - some lose their value faster, while others burn it at a slower rate.
Bankrate.com has recently revealed a list of the five cars that depreciate the most along with some alternatives that may hold their value a bit longer.
On the list - the 2012 Kia Sedona LX, 2013 Chevrolet Impala LT, 2012 Jeep Liberty Limited Sport, 2013 Suzuki Grand Vitara Premium, and 2013 Jaguar XJ.
As always, I recommend you use the free RydeShopper when buying or leasing a new car - to make sure you don't get hit with severe depreciation.
|Vehicle||MSRP||Depreciation Over 5 Years||Better Alternative||MSRP||Depreciation Over 5 Years|
|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|
|2012 Jeep Liberty Limited Sport 2WD||$23,395||$15,239||Toyota FJ Cruiser 4X2 AT||$26,115||$8,113|
|2013 Suzuki Grand Vitara Premium RWD||$22,349||$14,379||2013 Mini Cooper Countryman||$22,000||$10,210|
|2013 Jaguar XJ AWD||$76,700||$52,014||2013 Porsche Panamera||$80,450||$41,988|
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Select Vehicle to Get Local Pricing
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
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About The AuthorGregg 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.
I welcome your car buying questions. Email Me and I'll be glad to answer them!