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|
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).
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
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