Depreciation is one of a car buyer’s largest long-term expenses, and savvy shoppers look for models that hold onto their value steadfastly to bring in more money at trade-in time. Resale value is especially important to those leasing a car, as monthly payments are largely based on what a vehicle will be worth two or three years down the road.
On the other hand, recent model cars that have already lost a huge chunk of their original values are typically among the best deals in used cars.
Either way you choose to look at it, here’s the list of what a study conducted by the website Carlypso.com determined will be the biggest vehicular value losers for 2016, noting their expected first-year rates of depreciation:
- Nissan Leaf, -48% percent
- Dodge Charger, -45 percent
- Mercedes-Benz SL-Class, -41 percent
- Chevrolet Camaro, -39 percent
- Kia Cadenza, -38 percent
- Volkswagen Beetle, -37 percent
- Chevrolet Express, -37 percent
- Mitsubishi Lancer, -35 percent
- Kia Optima, -35 percent
- Cadillac CTS, -34 percent
– Jim Gorzelany
© CTW Features