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|
My Recommendation for Car ShoppersTrueCar No-Haggle, CarsDirect, and NADAGuides 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.
- 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.
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