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Ranked: Which Cars Depreciate the Fastest?
Visual Capitalist ^
| 12/18/2023
| By Marcus Lu, Article/Editing: Pallavi Rao, Graphics/Design: Miranda Smith
Posted on 12/18/2023 9:15:53 PM PST by SeekAndFind
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To: SeekAndFind
I figured electric cars would devalue the most. Those batteries need to be replaced and doing so costs more than the car is worth. These lemons would be nowhere near the market share they now hold if not for heavy government interference.
2
posted on
12/18/2023 9:20:41 PM PST
by
Nateman
(If the Pedo Profit Mad Moe (pig pee upon him!) was not the Antichrist then he comes in second.)
There’s not much of an appeal for used luxury vehicles unless one is a teenage male who doesn’t have any money.
Is there a Pickup Truck depreciation report?
3
posted on
12/18/2023 9:22:06 PM PST
by
Gene Eric
(Don't be a statist!)
To: Nateman
EVs are subsidized to begin with, so they have dubious value notwithstanding the battery point you made.
4
posted on
12/18/2023 9:23:39 PM PST
by
Gene Eric
(Don't be a statist!)
To: SeekAndFind
The one you buy since others have no value to you.
To: Gene Eric
There’s not much of an appeal for used luxury vehicles unless one is a teenage male who doesn’t have any money.
I'm 60, and I would love a used full-sized luxury car. Great for long trips, comfortable commutes.
Even with the discounts, they are priced out of my range, and I prefer the old-school luxury cars that have not been made for decades.
6
posted on
12/18/2023 9:30:13 PM PST
by
Dr. Sivana
("If you can’t say something nice . . . say the Rosary." [Red Badger])
To: Nateman
I figured electric cars would devalue the most. Those batteries need to be replaced and doing so costs more than the car is worth.
EVs have a big upfront investment. EV buyers will likely hold onto them longer to wring the value out of them. High end luxury car buyers are often owners who can afford frequent replacements, so they replace in five years. Audi owners want to replace before stuff starts breaking.
7
posted on
12/18/2023 9:33:15 PM PST
by
Dr. Sivana
("If you can’t say something nice . . . say the Rosary." [Red Badger])
To: SeekAndFind
Audi was a great laugh decades ago for losing half it’s value driving off the dealer lot.
8
posted on
12/18/2023 9:35:22 PM PST
by
doorgunner69
(When tyranny becomes law, rebellion becomes duty)
To: Nateman
What fool would buy a used GM or Ford EV? Or for that matter new Ford or GM EV.
9
posted on
12/18/2023 9:37:24 PM PST
by
allendale
To: Dr. Sivana
Yep. Caddies, Lincolns, Crown Vics... Plush, powerful cars you could drive all day and not get exhausted.
10
posted on
12/18/2023 9:41:47 PM PST
by
drwoof
To: doorgunner69
I would agree...Audis from the 1970s were a joke on holding value. Somewhere in the 1990s, they changed course. I hold a 2007 Audi TT...still holds a value of $7000 to $8000. Still has original muffler...original battery was only replaced a year ago. For the original $30,000...the car will make it to the 20-year point easily and still hold 20-percent of value.
To: Dr. Sivana
I hear ya. We buy used (lease returns), but choose models that have known reliability and can be warrantied. This typically involves a major dealer. The bigger engines are preferable along with a navigation package. Agreed that heavy sedans are ideal for long trips.
12
posted on
12/18/2023 10:42:17 PM PST
by
Gene Eric
(Don't be a statist!)
To: Dr. Sivana
I'm 60, and I would love a used full-sized luxury car. Great for long trips, comfortable commutes.
2018 Cadillac ATS with 3.6L 335 HP engine. Leather seats, navigation system, sunroof/moonroof. Under 30,000 miles. $22K.
https://www.cargurus.com/Cars/inventorylisting/viewDetailsFilterViewInventoryListing.action?zip=78023&inventorySearchWidgetType=AUTO&sortDir=ASC&sourceContext=cvd&distance=500&sortType=DEAL_RATING_RPL&entitySelectingHelper.selectedEntity=d2138#listing=374273372/NONE/DEFAULT
To: Nateman
One of my friends owned a 2014 Tesla S. When he traded it in order to buy a 2021 Tesla S his battery was still charging to over 80%. He wanted the 2021 model because it has hardware upgrades that the 2014 lacks.
14
posted on
12/18/2023 11:13:34 PM PST
by
Pelham
(President Eisenhower. Operation Wetback 1953-54)
To: SeekAndFind
I don’t worry about depreciation. I’ve got a 2014 Ford Expedition with 94k. Nearly trouble-free. Bought used in 2017 with 25k.
My wife has a 2014 Mercedes GLK (baby SUV) with 115k. It was a dealer demonstrator / loaner with 5k.
We are both retired and early 70s, so these might be our last cars. It would be nice to have one car newer than ten years old, though, but both are still in tip-top shape.
15
posted on
12/18/2023 11:21:13 PM PST
by
ProtectOurFreedom
(“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
To: SeekAndFind
You might pick up one of those lux cars cheap, but you’ll pay through the nose for any maintenance.
16
posted on
12/18/2023 11:23:28 PM PST
by
ProtectOurFreedom
(“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
To: SeekAndFind
People who can afford an overpriced luxury car do not buy 5 year old models. They buy new. There is not a big secondary market for overpriced used cars.
EC
To: Dr. Sivana
“...they are priced out of my range...”
Noteworthy. Did anyone besides myself and the Dr. notice that the ones that depreciate the fastest are the ones most can’t afford to begin with?
wy69
18
posted on
12/19/2023 2:20:23 AM PST
by
whitney69
(yption tunnels)
To: SeekAndFind
Sounds like they are good deals as used cars.
And they seem to be. A few years ago you can get a loaded Beemer with 60,000 miles around here for about the cost of a used Honda.
19
posted on
12/19/2023 3:36:27 AM PST
by
Fido969
(45 is Superman! )
To: Pelham
Losing 20% of what was borderline acceptable range to begin with over 7 years is not great.
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