Find the Best Car Deals Near You ⤵
5 Vehicles You Should Avoid Buying
August 1, 2013
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.
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 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
Signup for The Weekly Newsletter

Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
About The Author

Latest Weekly Car Buying Tips
May 2022
- Top 100 Cheapest Lease Deals May 26, 2022
- Biggest Discounts on New Cars May 26, 2022
- Cars With the Largest Rebates May 26, 2022
- Real Prices of Midsize SUVs May 26, 2022
- Best Car Deals by Category May 19, 2022
- Which Cars Better to Lease or Buy May 19, 2022
- New Cars You Should Wait to Buy May 19, 2022
- Real Prices of Midsize Cars May 19, 2022
- Best Bang for Your Buck Lease Deals May 12, 2022
- Best Electric, Hybrid Lease Deals May 12, 2022
- Top 100 Cheapest New Cars May 12, 2022
- Real Prices of Pickup Trucks May 12, 2022
- Best 0% Finance Deals May 2022 May 05, 2022
- Best Car Deals Around the Country May 05, 2022
- Real Prices of Large SUVs May 05, 2022
- Largest Hidden Dealer Rebates May 05, 2022
April 2022
- Worst Cars to Lease Right Now Apr 28, 2022
- Real Prices of New Compact SUVs Apr 28, 2022
- Real Prices of Compact Cars Apr 21, 2022
- Price Comparison of Subcompact SUVs Apr 14, 2022
I welcome your car buying questions. Email Me and I'll be glad to answer them!