Buy These Cars and You May Lose 85% of the Value in 5 years!
Wednesday, November 4th, 2009
Many of sporty and fun to drive cars like BMW X5 and Audi A5 retains approximately 40% of their original value even after five years!
The cars which are cheaper to buy also have the fastest reduction in their prices. While the general wisdom is that new cars lose up to 20% of their value the moment they’re driven off the lot, and about 65% after five years, the Sedona, Town Car, Sebring and Caravan each lost more than 67% of their value after just two years–and a whopping 82% after five years.
To determine which cars lose their value the fastest, we used residual-value data from Kelley Blue Book.
“If we’re painting it with broad strokes, I’d say SUVs are going to depreciate at a little higher clip than probably sub-compacts or hybrids or standard sedans, especially as we’re going into Obama’s 35-mile-per-gallon standard in 2016,” says James Bell, an automotive market analyst for Kelley Blue Book. “I think the American public better start to get ready to look at small cars not as a curiosity, but as a reality.”
10. Dodge Durango
MSRP: $28,980
Value after 24 months: 33%
Value after 36 months: 26%
Value after 48 months: 22%
Value after 60 months: 18%
9. Lincoln Town Car
MSRP: $46,525
Value after 24 months: 32%
Value after 36 months: 26%
Value after 48 months: 22%
Value after 60 months: 18%
8. Mitsubishi Raider
MSRP: $21,135
Value after 24 months: 30%
Value after 36 months: 25%
Value after 48 months: 21%
Value after 60 months: 18%
7. Saab 9-7X
MSRP: $42,615
Value after 24 months: 33%
Value after 36 months: 27%
Value after 48 months: 21%
Value after 60 months: 17%
6. Dodge Ram 3500
MSRP: $30,385
Value after 24 months: 34%
Value after 36 months: 26%
Value after 48 months: 21%
Value after 60 months: 17%
5. Dodge Grand Caravan
MSRP: $23,545
Value after 24 months: 24%
Value after 36 months: 26%
Value after 48 months: 21%
Value after 60 months: 17%
4. Kia Spectra Sedan
MSRP: $13,550
Value after 24 months: 35%
Value after 36 months: 26%
Value after 48 months: 21%
Value after 60 months: 17%
3. Kia Optima Sedan
MSRP: $17,495
Value after 24 months: 32%
Value after 36 months: 25%
Value after 48 months: 21%
Value after 60 months: 17%
2. Kia Sedona
MSRP: $21,245
Value after 24 months: 33%
Value after 36 months: 24%
Value after 48 months: 19%
Value after 60 months: 15%
1. Chrysler Sebring Convertible
MSRP: $28,530
Value after 24 months: 27%
Value after 36 months: 22%
Value after 48 months: 18%
Value after 60 months: 15%
Bottom line: It is always better to buy slightly expensive car rather than a car which will retain only 15% of its original value
Compiled from information from Forbes.com


















