New Cars With Terrible Depreciation
The typical new car loses about 20% of its value after the first 12 months of ownership. The best models will only lose about 5-10%, but on the other hand, some vehicles can lose as much as 35%.
Forbes this week created a list of the 12 worst cars when it comes to first-year depreciation. The Fiat 500L ranked worst, with a drop in value of 34.6%. See the full list below to see which new vehicles you may want to avoid (or at least get a huge discount on).
12 New Cars With the Worst Depreciation
|Vehicle||% Loss||$ Loss|
|Mercedes Benz C250||34.30%||$15,247|
My Recommendation for Car ShoppersTrueCar No-Haggle, CarsDirect, and Ryde Shopper 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
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