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5 Vehicles You Should Avoid Buying

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 RydeShopper to get the best deal possible.

VehicleMSRPDepreciation Over 5 YrsAlternativeMSRPDepreciation Over 5 Yrs
2013 Suzuki Grand Vitara Premium RWD$22,349$14,3792013 Mini Cooper Countryman$22,000$10,210
2012 Jeep Liberty Limited Sport 2WD$23,395$15,239Toyota FJ Cruiser 4x2 AT$26,115$8,113
2012 Kia Sedona LX$24,900$17,7302012 Honda Odyssey $28,375$14,768
2013 Chevrolet Impala LT$27,385$17,9832013 Toyota Camry L 4Dr Sedan$22,235$9,688
2013 Jaguar XJ AWD$76,700$52,0142013 Porsche Panamera$80,450$41,988





3 Steps Every Car Buyer Needs to Take to Save Maximum Money

The 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 Network

Select 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 / CarsDirect

TrueCar, 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 Checklist

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 Author

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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May 2022

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