SUVs That Have the Worst Resale Value in 2020
There are several SUVs you can buy that hold their value incredibly well. Even the Honda CR-V, the lowest SUV on the list, retains about 55% of its value after five years. The best? That would be the four-door Jeep Wrangler, which somewhat surprisingly holds its value even better than the two-door Wrangler. It’ll only lose about 30% of its value after five years.
So those are the best SUVs to buy if you want to minimize depreciation, but what about the worse? iSeeCars recently compiled that information, as well. Let’s take a look at the SUVs to avoid if it’s important to buy something with a strong resale value.
BMW X1
Small luxury crossovers are incredibly popular these days, partly because they’re often the cheapest (or close to the cheapest) cars in their respective lineups. But in the case of the BMW X1, that popularity doesn’t mean it holds its value well. In five years, expect the value of a new X1 to drop 64.6% or around $27,510. Perhaps the Mercedes-Benz GLA would be a better buy.
Infiniti QX60
It’s a bit of a cliche to follow any mention of an Infiniti with a line about how confusing the names are these days. On the other hand, the names are incredibly confusing. And while the Q60 is the coupe version of the Q50, the QX60 is a three-row crossover that’s a size larger than the QX50. Clear as mud? Anyway, if you’re on the hunt for a three-row luxury crossover, almost any other option will hold its value better than the QX60. It should lose 64.7% over five years.
BMW X5
Oh, look. Another BMW. You might also remember BMW for taking the top two spots on the list of cars that depreciate the fastest. At least 5 Series and 7 Series owners don’t have to feel like the only members of the rapid depreciation club? We’re not entirely sure why BMWs depreciate more quickly than a number of their German counterparts, but in this case, expect a new X5 to depreciate 65.4% over the next five years.
Volvo XC60
If you’re looking for a lesson to take away from this list (other than BMW making up more than half of it), it’s that luxury equals depreciation. As you can see, the SUV that’s in second place is from yet another luxury brand. Considering how gorgeous the design is and how comfortable the seats are, you’d think the Volvo XC60 would be more popular on the used market. We certainly loved driving it. After five years, expect to lose 65.6% of the XC60’s original value.
BMW X3
We weren’t kidding about this list being more than half BMWs. Three of the five SUVs that iSeeCars found had the worst resale value are BMWs. So if you’re trying to avoid depreciation, you should probably pass on BMWs in general, and especially the X3. Every other SUV on the list has better resale value, with values expected to drop 66.5% over five years.
Then again, if you plan to buy use, the SUVs on this list could prove to be fantastic bargains. Parts are more expensive than they are on mainstream cars, and maintenance can be pretty pricey, but you can plan for that. Just make sure you get a pre-purchase inspection and be careful you don’t take on a car that will be too much of a project.
