7 Cars That Depreciate Fast and 8 That Don’t
Depreciation, or the decrease in a car’s value over time, significantly impacts purchasing decisions. It happens as the vehicle ages, accumulates mileage, and experiences wear and tear, causing its market value to drop. The rate at which a car depreciates varies widely depending on the brand reputation, model popularity, and overall condition. Today, we shed light on multiple vehicles that lose value pretty fast and others that don’t.
Vauxhall Corsa Electric
Many potential buyers praise the Vauxhall Corsa Electric’s compact size, which makes it a practical choice for urban environments. It offers a smooth, quiet drive with zero emissions and modern features like advanced driver assistance technologies. Nevertheless, newer and more advanced electric models are frequently introduced, which can overshadow the Corsa Electric.
Aston Martin DB11 V12 Touchtronic Auto
In 3 years, the Aston Martin DB11 V12 will likely retain a little over 38% of its initial price. Its V12 engine is a beast, producing unforgettable sounds and a one-of-a-kind driving experience with impressive acceleration and handling. Yet, its high initial cost and increasing maintenance and repair costs result in a faster depreciation rate.
Maserati Quattroporte
It’s undeniable that the Maserati Quattroporte stands out for its Italian design, luxurious interior, and powerful engine options. Combining sporty performance with the refinement expected of a luxury sedan makes it an attractive choice for those who appreciate performance and prestige. However, high maintenance and repair costs can deter potential buyers on the used market.
Audi A8 55 TFSI Quattro Black Edition
With a powerful turbocharged engine, all-wheel drive, and a sophisticated cabin, the Audi A8 55 TFSI Quattro Black Edition provides a comfortable driving experience with a unique sporty edge. However, it will probably retain 35% of its value after three years because the market for used high-end sedans is often saturated, and newer models make older versions less desirable.
BMW 7 Series
The BMW 7 Series is a luxury sedan known for its advanced technology, powerful engine options, and high comfort levels. However, despite these fantastic features, it’s still considered too expensive compared to its rivals. People who love luxury cars wouldn’t be that interested in buying an old model when the new ones have better features.
Bentley Bentayga 4.0 V8 S
Compared to other Bentleys, the Bentayga 4.0 V8 S will depreciate the fastest, losing almost half of its value in 3 years. It has a reliable V8 engine and a meticulously designed interior, but its depreciation is influenced by its high initial cost and the luxury SUV segment’s market dynamics.
Nissan Leaf
Unlike other names on this list, the Nissan Leaf is one of the most affordable vehicles in the electric car market. It offers a practical driving range, a comfortable interior, and a range of standard features at a competitive price. Still, it experiences rapid depreciation mainly due to the fast-evolving nature of electric vehicle technology.
Toyota Corolla
Now, we will discuss cars that have held their value for years, starting with the Toyota Corolla. Thanks to its low maintenance costs and long-term dependability, it has been a go-to choice for those looking for a small yet reliable sedan. Most cars retain 80% of their initial value after five years.
Porsche 911
The Porsche 911 is one of the slowest-depreciating cars on the market due to its iconic status and timeless design. Its outstanding performance as a sports car and consistent updates create a reputation for reliability. Since newer models come with a high price tag, a used 911 represents a dream come true for most car enthusiasts.
Jeep Wrangler
Practically speaking, nothing beats the Jeep Wrangler’s off-road capabilities, iconic design, and durability. Its unique status as a capable off-roader with a distinct, timeless look ensures a strong demand in the used car market. Additionally, the Wrangler’s broad appeal across various demographics, from off-road enthusiasts to casual drivers, helps sustain its value over time.
Subaru BRZ
The Subaru BRZ is a valid driver’s car with a well-balanced chassis, a powerful yet efficient engine, and an enjoyable driving experience. It stands out for its sporty driving dynamics and distinctive rear-wheel-drive layout, making it a unique class offering. Its responsive steering and sleek design appeal to driving enthusiasts, and this helps it maintain its value.
Chevrolet Camaro
The Chevrolet Camaro ticks all the boxes for those interested in a well-established sports car. Its high resale value is due to its iconic status and broad appeal as it combines style and American muscle car heritage. Moreover, the Camaro’s range of options and trims, from the base V6 to the high-performance ZL1, ensures it caters to a wide audience.
Honda Civic
As one of the most popular cars in the U.S., the Honda Civic has a lower depreciation rate than its rivals. Owners enjoy consistent performance, low running costs, and an extensive dealer network, which makes it a popular choice among used car buyers. The Civic’s solid build quality and reputation for longevity ensure that it remains in demand.
Porsche Cayman
Like its 911 sibling, the Porsche Cayman benefits from Porsche’s reputation for engineering excellence and performance. The Cayman offers a more affordable entry into Porsche ownership without sacrificing the driving pleasure and quality associated with the brand. Its mid-engine layout and precise handling contribute to its appeal and strong resale values.
Ford Mustang
The Ford Mustang is a reliable American muscle car with solid performance and broad appeal. Its long history, range of powerful engines, and stylish design ensure it remains a sought-after vehicle. Moreover, its affordability relative to other performance cars also reduces its depreciation rate.