Want a Car With The Best Resale Value? Avoid These 5 Rides
Car buying involves managing your expectations. For instance, if you have a strict budget, you’re likely to compromise on performance, luxury, or style. However, car buying, especially with new cars, will undoubtedly result in some depreciation, too. After all, new cars lose around 20% or so of their original value in the first year. Still, if you’d like one of the car or SUV models with the best resale value, you might want to steer clear of nameplates like the Ford Expedition and Hyundai Genesis.
From the luxurious Maserati Ghibli to the spacious Ford Expedition, some car and SUV models simply don’t keep the best resale values
Everyone wants their car to have the best possible resale value. I mean, hell, what’s more demoralizing than checking the resale value of your car and noticing that it has depreciated 30 or even 40% or more? Well, that might be the case if you pick up one of these popular nameplates.
| Make and model | First-year depreciation |
|---|---|
| Maserati Ghibli | 56.3% |
| Ford Expedition | 50.7% |
| Hyundai Genesis | 38% |
| Kia Cadenza | 38% |
| GMC Yukon | 33% |
Okay. No surprise here. The Maserati Ghibli isn’t exactly an appreciating asset. Well, for now, at least. According to some of the latest data, a Ghibli may shrug off as much as 56.3% of its original value. Of course, the Ghibli isn’t the only one. Many of Maserati’s nameplates depreciate rather rapidly. Frankly, if you can stomach the running costs, a used Ghibli or GranTurismo could be an enticing budget-friendly luxury performance option.
Everything about the Ford Expedition is big. Big body, big cargo volume, and, you guessed it, big dips in resale value. Specifically, Ford’s largest SUV model is good for a staggering 50.7% drop in initial value in the first five years.
Beyond the luxe Maserati Ghibli and larger-than-life Ford Expedition, two Korean now discontinued offerings made the list of car models with the best chances of shrugging off resale value. It’s the Hyundai Genesis and the Kia Cadenza. Both nameplates have the potential to drop as much as 38% of their original value.
Finally, not entirely dissimilar to the Ford Expedition, the massive GMC Yukon tends to rapidly lose its resale value. So, if you can’t handle the relatively poor gas mileage or 33% first-year depreciation rate, a Yukon might not be the right full-size SUV for you.
Source: Yahoo!Finance
