Top 10 Fastest Depreciating Cars
It's a sinking feeling many new car buyers are well aware of: the knowledge that your brand-new car just lost a bunch of money, just because you drove it off the lot.
According to iSeeCars.com, the average vehicle loses just over 38 percent of its value after three years of ownership. Some models, though, depreciate at a far faster rate.
While that's bad news for owners who paid full asking price for a brand-new car, it does mean deals can be found on the second-hand market. According to iSeeCars CEO Phong Ly, “Some of these bargains present good opportunities for consumers as reliable vehicles that are discounted because they simply aren’t as popular in their segments.”
Find out which models depreciate fastest by clicking on the image above.
10. Audi A6Avg. 3-Year-Old Used Price: $29,941
% Depreciation: 53.3%
The Audi A6 kicks off this list of the biggest depreciators, losing more than 53 percent of its value after 3 years of ownership. That's ... not great. But as you'll soon see, it's actually a little bit better at maintaining value than its primary competitors.
Audi A6 Information
9. Cadillac CTSAvg. 3-Year-Old Used Price: $26,785
% Depreciation: 53.8%
By nearly any measure, the Cadillac CTS is a very good car. It's stylish, packed full of technology, and, in V-Series guise, it's an extremely potent performer.
But it's also a big depreciator, and it's on its way out of Cadillac's lineup entirely. For the 2020 model year, the CTS gets replaced with the new CT5.
Cadillac CTS Information
8. BMW 5 SeriesAvg. 3-Year-Old Used Price: $30,203
% Depreciation: 53.8%
Last year, the BMW 5 Series was ranked as the worst depreciator of all. Things are a little better in 2019, but still not great.
“Luxury brands are often leased," says Ly, "which creates a surplus of these three-year-old luxury vehicles in the used car marketplace without an equal amount of demand.”
BMW 5 Series Information
7. Kia K900Avg. 3-Year-Old Used Price: $26,522
% Depreciation: 54.4%
The lone Korean vehicle on this list is the Kia K900. It's big, comfortable, loaded with standard features and reasonably priced. But it doesn't do anything to stand out from the rest of the fullsize sedan pack, which is a segment that's been dwindling in entrants for years.
Kia K900 Information
6. Lincoln MKZ HybridAvg. 3-Year-Old Used Price: $20,034
% Depreciation: 54.5%
This is the first of two Lincolns you'll see on this list, and, as you'll soon see, the other has a lot in common with this one.
Ly has a possible explanation for the MKZ's appearance on this list. “These vehicles are among the more affordable vehicles in their class so their interiors might not feel as luxurious as their competitors, which may detract some auto buyers while also appealing to more practical ones,” he said.
Lincoln MKZ Hybrid Information
5. Cadillac XTSAvg. 3-Year-Old Used Price: $26,306
% Depreciation: 54.5%
The second Cadillac on our list is the XTS. While many of the American luxury brand's vehicles have gone after Caddy's German rivals, the XTS is more of a classic American luxury sedan. It boasts a smooth ride, lots of interior space, and plenty of potent engine options.
All of those attributes make the XTS an intriguing option on the used market for anyone who wants to travel long distances in comfort without breaking the bank.
Cadillac XTS Information
4. Jaguar XFAvg. 3-Year-Old Used Price: $30,268
% Depreciation: 54.8%
It's not just American and German luxury cars that make up the list. With depreciation 1.4 times worse than average after three years, the Jaguar XF comes in at number four.
“In addition to their expensive upfront costs, Jaguars and German vehicles in general are notorious for their high repair costs, which contribute to their steep depreciation,” said Ly.
Jaguar XF Information
3. Mercedes-Benz E-Class
Avg. 3-Year-Old Used Price: $31,051
% Depreciation: 55.4%
You've probably noticed another trend by now. Sedans, including the Mercedes-Benz E-Class, make up the entirely of this list of vehicles with the fastest depreciation.
“Given the heightened demand for SUVs, which account for a higher share of used car inventory than ever before, luxury sedans are less sought after and have to come down significantly in price to attract used car buyers,” says Ly.
For those keeping track, the E-Class — which is the last German vehicle on the list — fares just a little worse than its rivals from Audi and BMW.
Mercedes-Benz E-Class Information
2. Lincoln MKZ
Avg. 3-Year-Old Used Price: $19,855
% Depreciation: 55.6%
We already saw the hybrid version of Lincoln's midsize luxury sedan, now it's time for the standard gasoline-powered edition. Interestingly, it's the only vehicle on this list to come in under $20,000. That might make it especially attractive to bargain shoppers looking for a high-end car with an affordable upfront price.
Lincoln MKZ Information
1. Acura RLX
Avg. 3-Year-Old Used Price: $28,259
% Depreciation: 55.8%
And the biggest loser of all is the Acura RLX.
“With an average new car starting price of $62,658, shoppers who opt for a three-year-old Acura RLX can save a whopping $34,000 by purchasing a used version at $28,259,” said Ly.