If you’ve ever bought a car then you’re well-aware of the woes of car depreciation. The minute your new wheels leave the shop’s floor, your car’s value will lose approximately 10% of its market value. A year on and you can take off another 10% of that… at least. The discomforting truth is that your car’s value will continue to dip as time goes on- just look at the numbers. Brand new vehicles will lose an average of 15%-25% per year. By your motor’s fifth year, it will have lost 60% of its selling price! So before buying a new car, check out this list of 35+ cars that are taking a retail value hit.
Smart ForTwo
Despite being advertised as an environmentally-friendly vehicle, the Smart ForTwo is hardly worth your money. To start, it’s cramped, has a low two-gear transmission, and doesn’t have a safety rating as high as bigger cars. Once the one-year mark comes around, the Smart For Two’s value will have dropped by around 36%! That’s more or less $14,000!
Smart ForTwo
Hyundai Genesis
Not to insult Hyundai, but when they placed this motor in the same price range as Lexus and Mercedes they were surely a little overconfident. The Hyundai Genesis has a speedy depreciation of 38% of its retail value in its first year. This is especially true of course, if it is bought new and not straight off the showroom’s floor. Second-hand might be your best bet for this hopeful luxury car. Otherwise you’re taking about a $16,000 value loss from its original $52,000 price.
Hyundai Genesis
