Don’t Plan on Reselling: These 10 Cars Depreciate Fast
For many, part of buying a new car is taking into consideration how much the car will be worth once it’s been used through its useful life with its first owners. Companies like Toyota, Subaru, and Honda are renowned for commanding impressive resale values, as is Porsche, and some other brands as well. However, when it comes to the cars that depreciate the fastest, don’t think of Jeep Wranglers, Honda Odysseys, Toyota FJs or other vehicles that are designed to be used and abused.
The fastest depreciating models are often high-end luxury cars that once commanded six-figure price tags but now sell for a fractional portion of what they once were able to generate. Over the years, many models lose more than half their value at least — as much as 60 or 70 percent in some instances. They still won’t be “cheap,” but if you’ve ever dreamed of owning a Bentley, it’s definitely worth looking into the used market.
So if a new econo-box isn’t fulfilling your need for prestige, or you have some money but not that much money to blow on a luxury label, check out the ten vehicles that have been hit especially hard by the cruel passage of time.