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).
As always, if you're shopping for a new car right now, I recommend you use TrueCar No Haggle and CarsDirect to quickly see the best deals being offered in your area.
12 New Cars With the Worst Depreciation
| Vehicle | % Loss | $ Loss |
|---|---|---|
| Buick Regal | 31.20% | $11,525 |
| Chrysler 300 | 31.70% | $13,351 |
| Cadillac ATS | 31.80% | $16,099 |
| Fiat 500 | 31.90% | $11,106 |
| Jaguar XF | 32.30% | $19,996 |
| Lincoln MKZ | 33.80% | $14,177 |
| Nissan Maxima | 34.00% | $12,469 |
| Mercedes Benz C250 | 34.30% | $15,247 |
| Kia Cadenza | 34.30% | $12,940 |
| Volvo S60 | 34.40% | $14,020 |
| Lincoln MKS | 34.50% | $16,039 |
| Fiat 500L | 34.60% | $8,096 |
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).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
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
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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