Were you a sucker? Did you pay full price for a car that turned out to be half the price later? According to an online resource, the average value lost when a vehicle drives off a dealership lot is 34.5%. What’s embarrassing? When the 11 cars listed below lose half their value in just 3 years. The good news for you if you purchased one of these, and want to sell your car is we pay cash for cars, trucks and suvs and give you an instant cash offer higher than anywhere else you will find on the web.
What caused the depreciation value on these 11 models? It’s possible the 3-year depression that made the price of cars look better as a lease versus an outright purchase. In the three years depreciation on some car models topped between 45% to 51%; that’s an embarrassing drop in value and it didn’t matter if it was a certified pre-owned either. On the flip side, however, auto leases rose 91% over a 5-year span making the leasing option beneficial for shoppers wanting a later-model car priced at a bargain.
5.8 million vehicle car sales were analyzed to identify models with the greatest value loss after a 3-year period. The “certified pre-owned” luxury brands didn’t fare well against their down-market competitors. That’s bad news for consumers that purchase these luxury brands. However, models such as the BMW 3 Series, Mercedes-Benz models, and Nissan Maxima all received higher than average ratings as reliability. For American made autos, only one made the Top 20 sellers depreciation list, the Ford F Fusion.
As for pickup trucks, they all did a fine job retaining value with each year’s average depreciation at about 28.5%. This comes as no surprise, however, since pickup owners tend to keep their vehicles a lot longer than the average vehicle owner does.
Based On a 2017 Analysis:
#11 – Ford Focus
Average Price 3-Year Depreciation – $11,853
Depreciation – 45%
#10 – Ford Fusion
Average Price 3-Year Depreciation – $15,140
Depreciation – 45.1%
#9 – Volkswagen Jetta
Average Price 3-Year Depreciation – $13,033
Depreciation – 46.4%
#8 – Infinity Q50
Average Price 3-Year Depreciation – $24,956
Depreciation – 46.9%
#7 – BMW
Average Price 3-Year Depreciation – $24,812
Depreciation – 46.9%
#6 – Nissan Maxima
Average Price 3-Year Depreciation – $18,867
Depreciation – 47.9%
#5 – BMW 5 Series
Average Price 3-Year Depreciation – $33,474
Depreciation – 48%
#4 – Mercedes-Benz C-Class
Average Price 3-Year Depreciation – $23,212
Depreciation – 48.3%
#3 – Mercedes-Benz #-Class
Average Price 3-Year Depreciation – $18,867
Depreciation – 47.9%
#2 – Cadillac ATS
Average Price 3-Year Depreciation – $33,474
Depreciation – 48%
#1 – Cadillac CTS
Average Price 3-Year Depreciation – $27,537
Depreciation – 51.4%
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