Top Five Cars That Lose Their Value Fastest
When buying a new car you can expect to lose alot of money the minute you drive off the lot. All cars depreciate in value over time with some depreciating more than others.
I was reading an excellent article written by a Forbes writer posted over at Yahoo and wanted to share some excellent research below:
New cars typically lose about 20% of their value the moment they’re driven off the lot, and about 65% after five years.
Top Five Cars That Lose Their Value Fastest
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Chrysler Sebring
Trim: LX Convertible
MSRP: $28,590
Percent of total value retained after 24 months: 35%
Percent of total value retained after 36 months: 27%
Percent of total value retained after 48 months: 21%
Percent of total value retained after 60 months: 16%
 |
Mercedes-Benz S-Class
Trim: S65 Sedan
MSRP: $205,025
Percent of total value retained after 24 months: 36%
Percent of total value retained after 36 months: 28%
Percent of total value retained after 48 months: 22%
Percent of total value retained after 60 months: 16%
 |
Kia Sedona
Trim: LX Minivan
MSRP: $24,990
Percent of total value retained after 24 months: 38%
Percent of total value retained after 36 months: 27%
Percent of total value retained after 48 months: 20%
Percent of total value retained after 60 months: 16%
 |
Lincoln Town Car
Trim: Signature Sedan
MSRP: $47,470
Percent of total value retained after 24 months: 53%
Percent of total value retained after 36 months: 27%
Percent of total value retained after 48 months: 21%
Percent of total value retained after 60 months: 17%
 |
Mercury Grand Marquis
Trim: LS Sedan
MSRP: $30,285
Percent of total value retained after 24 months: 32%
Percent of total value retained after 36 months: 26%
Percent of total value retained after 48 months: 21%
Percent of total value retained after 60 months: 17%
Here is the full article by Forbes
http://autos.yahoo.com/articles/autos_content_landing_pages/1557/cars-that-lose-their-value-fastest
Short URL: http://www.askcarexpert.com/?p=972
Posted by blogadmin
on Nov 4 2010. Filed under Car Reviews.
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