Fastest depreciating cars in America
You'd be crazy to buy one of these cars new
Buying a new car can be an amazing experience, but it isn't without its faults. Perhaps the worst part of buying a car is the depreciation immediately following the purchase. As soon as you sign on the dotted line, your car immediately loses a big chunk of value. So it makes a lot of sense to buy a late-model used car. The loss from depreciation won't be as bad as on a new car, and you could save money thanks to the reduced value. And it turns out that if you pick the right model, that savings could be huge.
The car shopping site iSeeCars looked at the value of late-model used cars after one year of ownership. The company then compared those values with the price of the cars when new to find which ones depreciated the most, and were thus the best deals on the market.
Click on the image above to find the biggest losers.
8. Kia Sedona: -30%Kicking off this list is the Kia Sedona, and it's the only minivan to make it into the top 8 fastest-depreciating vehicles in America. After just one year of ownership, the Sedona lost 30 percent of its overall value.
Kia Sedona Information
7. Toyota Camry: -30.7%
It's a little surprising to see the Toyota Camry – the best-selling sedan in America – on a list of the fastest-depreciating cars here in the States. So, what gives? There's a brand-new version on dealer lots tempting buyers away from previous-generation low-mileage used models.
“The Camry’s inclusion on this list can be attributed to the 2018 redesign, which updated the powertrain, improved the handling, and added new exterior styling, on top of new safety features. The improvements come at a premium, so when compared with new models one-year-old Camrys are much cheaper,” explains Ly.
Toyota Camry Information
6. Infiniti Q50: -32.2%
Infiniti Q50 Information
5. Cadillac CTS: -33.4%An even bigger depreciator on the used market is the Cadillac CTS. This is the first of two Cadillac models to make this list, and while that's not great news for owners who bought one new, it means the CTS is a pretty darn good used-vehicle purchase, having lost a third of its value after just one year of being on the road.
Cadillac CTS Information
4. Lincoln MKZ: -33.7%Like the Cadillac CTS that came just before on this list, the Lincoln MKZ is billed as an American alternative to European luxury cars. And like those predominately German machines, the Lincoln doesn't retain its value very well.
Lincoln MKZ Information
3. Mercedes-Benz E-Class: -34.5%Speaking of German luxury cars, here's the Mercedes-Benz E-Class. After just one year of ownership, the midsize Benz loses 34.5 percent of its value, which translates to a whopping $22,919. That's the biggest monetary drop on this list.
Mercedes-Benz E-Class Information
2. Jeep Compass: -34.8%The first and only crossover on this list is the Jeep Compass. We're not at all surprised. The 2017 model was the final year the Compass rode on its old and mostly unloved platform. The 2018 model is better in every way, and definitely worth a significant price increase over the old version it replaces.
Jeep Compass Information
1. Cadillac XTS: -38.7%And now we come to the winner, which is to say the biggest loser. The Cadillac XTS drops an astonishing 38.7 percent of its initial value after just one year of ownership. And it's a decent car for someone looking for lots of room, a quiet and comfortable ride, and good straightline acceleration. As long as you don't expect anything approaching the handling or driving enjoyment of a proper sports sedan and you probably won't be terribly disappointed.
Cadillac XTS Information