Cars with the lowest and highest depreciation

0

Every new vehicle depreciates over time, but some cars have a higher average rate of depreciation than others. This may be due to the type of vehicle, reliability ratings, or even require. While it’s hard to know exactly how much a car will depreciate over time, you can get an idea based on past performance. Automotive website iSeeCars.com looked at this and determined which vehicles had the best and worst average depreciation rates. Here’s what their findings look like:

Cars that hold the most value

According to iSeeCars.com, these are the top 10 vehicles that held their value the best over a recent five-year period:

  1. Jeep Wrangler Unlimited: 27.3% five-year average depreciation (2016 model shown)
  2. Jeep Wrangler: 27.3% five-year average depreciation
  3. Toyota Tacoma: 29.5% average depreciation over five years
  4. Toyota Tundra: 37.1% average depreciation over five years
  5. Nissan Frontier: 37.8% average depreciation over five years
  6. Toyota 4Runner: 38.1% five-year average depreciation
  7. Chevrolet Silverado 1500: 39.7% five-year average depreciation
  8. GMC Sierra 1500: 39.9% five-year average depreciation
  9. Subaru Impreza: 42.3% average depreciation over five years
  10. Ram 1500: 42.7% five-year average depreciation

The cars that hold the least value

2016 Nissan LeafAdditionally, iSeeCars.com ranked these 10 vehicles as having the highest rate of depreciation:

  1. Nissan LEAF: 71.7% five-year average depreciation (2016 model shown)
  2. Chevrolet Volt: 71.2% average depreciation over five years
  3. BMW 7 Series: 71.1% average depreciation over five years
  4. Mercedes-Benz S-Class: 69.9% average depreciation over five years
  5. Ford Fusion Energi: 69.4% average depreciation over five years
  6. BMW 6 Series: 68.3% average depreciation over five years
  7. BMW 5 Series: 67.3% average depreciation over five years
  8. Mercedes-Benz E-Class: 67.2% average depreciation over five years
  9. Jaguar XJL: 66.4% average depreciation over five years
  10. Chevrolet Impala: 66.2% average depreciation over five years

Lowest and highest depreciation vehicles by state

Using the 20 most populous states in the United States, here are the cars with the lowest and highest depreciation rates:

State Model Avg. Five-year amortization (lowest) Model Avg. Five-year amortization (highest)
Arizona Jeep Wrangler Unlimited 25% Nissan Leaf 72.1%
California Jeep Wrangler Unlimited 24.7% Nissan Leaf 72.4%
Florida Jeep Wrangler 26.3% Nissan Leaf 73.1%
Georgia Jeep Wrangler 25.1% Chevy Volt 72.1%
Illinois Jeep Wrangler 26.7% Mercedes-Benz S-Class 71.1%
Indiana Jeep Wrangler Unlimited 27.3% Chevy Volt 71.4%
Massachusetts Jeep Wrangler Unlimited 27.6% Chevy Volt 71.7%
Maryland Jeep Wrangler Unlimited 27.8% Chevy Volt 70.8%
Michigan Jeep Wrangler Unlimited 27.8% Mercedes-Benz S-Class 73.1%
Missouri Jeep Wrangler Unlimited 29.9% Mercedes-Benz S-Class 72.6%
North Carolina Jeep Wrangler 26.6% Chevy Volt 71.3%
New Jersey Jeep Wrangler 29.4% BMW 7 Series 72.7%
new York Jeep Wrangler 30.7% Chevy Volt 72.6%
Ohio Jeep Wrangler 28.3% Nissan Leaf 72.5%
Pennsylvania Toyota Tacoma 27.3% BMW 7 Series 71.1%
Tennessee Jeep Wrangler Unlimited 26.2% Chevy Volt 71.4%
Texas Jeep Wrangler 26.2% Nissan Leaf 71.6%
Virginia Jeep Wrangler Unlimited 27.8% BMW 7 Series 71.5%
Washington Jeep Wrangler Unlimited 20.3% Nissan Leaf 72.4%
Wisconsin Jeep Wrangler 29.6% Chevy Volt 72%

Why is depreciation important?

Although depreciation is put on the back burner for many car buyers, it’s something they should pay attention to unless they plan on keeping a vehicle well past the time it’s paid for. Damping is constant and cannot be stopped. In fact, as soon as the car leaves the dealer lot, it starts to depreciate. During the first year of ownership, a new vehicle typically loses about 20% of its value, and about 50-60% of its value is lost within five years. Depreciation is important if you’re buying a new car and plan to trade it in or sell it within three to five years of buying it, as it could make a big difference in the price you could sell it for.

The essential

Vehicles depreciate over time, and while some depreciate at a slower rate than others, you can’t stop it from happening. What you can do is maintain regular maintenance so your car retains as much value as possible for the duration you own it.

If you need to finance a new or used vehicle, or have a car you want to trade inbut fear that your bad credit will get in your way, let Auto Express Credit to help. We help car buyers find the financing they need by setting them up with local dealerships who specialize in financing. Start the process today by filling out our secure and free form car loan application form.

Share.

Comments are closed.