These cars depreciate the most, and that's good news if you're in the market for used cars.
If you're in the market for used vehicles, you're most likely looking for the best car you could buy with your hard-earned money. But oftentimes, popular names don't really depreciate easily, which makes them a tad hard to buy in the used cars market.
However, a study by the car search engine iSeeCars.com shows that there are certain nameplates that depreciate more than the industry average, specifically after three years. With the average vehicle depreciating by 38.2 percent after three years of ownership, the cars on this list lose more than half of their value – which is good news for used cars buyers but a rather sad one for those who buy their cars brand new.
According to iSeeCars CEO Phong Ly, the reason for this would be the increase in the popularity of car leasing. Luxury sedans, which comprise this list, are oftentimes leased and that creates a surplus of three-year-old luxury vehicles in the used cars marketplace.
To back up the research, iSeeCars looked into more than 4.8 million car sales, identifying the top 10 vehicles that depreciated more than the industry average. Seven out of 10 cars on the list are midsize sedans, while three of which are American brands.
Acura RLX
Leading the list of cars that could give the best bargain is Acura RLX. It's a large sedan from Honda's luxury arm. The RLX depreciates by 55.8 percent after three years and those who would like to buy one on used cars dealership could expect an average price of $28,259.
Lincoln MKZ
Next on the list is an American brand – the Lincoln MKZ. According to iSeeCars.com, the MKZ is "among the more affordable vehicles in their class so their interiors might not feel as luxurious as their competitors." It has a depreciation rate of 55.6 percent which means a three-year-old MKZ could only set you back $19,855.
Mercedes-Benz E-Class
The Mercedes-Benz E-Class sedan takes the third spot of the list depreciating by 55.4 percent after three years of ownership. Those who would like to buy one on used cars marketplace can expect an average price of $31,051 for a used E-Class sedan.
Jaguar XF
The only British brand on this list, the Jaguar XF didn't come as a surprise. It suffers reliability issues, rendering it unpopular among luxury vehicle buyers. It has a depreciation rate of 54.8 percent, with an average price of $30,268 for a used car.
Cadillac XTS
Another large luxury sedan on the list, the Cadillac XTS suffers bad depreciation value due to "below-average reliability and complicated infotainment system," according to iSeeCars.com. It depreciates by 54.5 percent after three years with a used unit having an average price of $26,306.
Lincoln MKZ Hybrid
The hybrid version of the runner up Lincoln MKZ ranks at the sixth spot as the most depreciative nameplate in the U.S. today. With a depreciation rate of 54.5 percent, a three-year-old MKZ hybrid can be had for just $20,034.
Kia K900
Kia's large sedan, the K900, joins the list with a depreciation rate of 54.4 percent. If you're looking to buy a used K900, the average price is only $26,522.
BMW 5 Series
The BMW 5 Series joins this list with a depreciation rate of 53.8 percent. At that rate, a three-year-old Bimmer would only cost you $30,203. Good news?
Cadillac CTS
Here's another Cadillac on the list, albeit, outperforming the bigger XTS sedan. The CTS depreciates by 53.8 percent after three years, so those who would like to buy a used one can expect an average price of $26,785.
Audi A6
Concluding this list is the Audi A6, which depreciates by 53.3 percent after three years. Even as a popular luxury brand, the A6 still suffers a bad depreciation value with the average price for a three-year-old unit at $29,941.
Source by motor1.com
Post a Comment
Post a Comment