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5 Vehicles You Should Avoid Buying
August 1, 2013It'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 to get the best deal possible.
|Vehicle||MSRP||Depreciation Over 5 Yrs||Alternative||MSRP||Depreciation Over 5 Yrs|
|2013 Suzuki Grand Vitara Premium RWD||$22,349||$14,379||2013 Mini Cooper Countryman||$22,000||$10,210|
|2012 Jeep Liberty Limited Sport 2WD||$23,395||$15,239||Toyota FJ Cruiser 4x2 AT||$26,115||$8,113|
|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|
|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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- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
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!