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5 New Cars You Should Avoid
April 11, 2013
Although 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 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 |
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