Cars that lose their value the quickest
#1
Cars that lose their value the quickest
Twenty on the list and BMW leads with six. Second place is a four way tie with Lincoln, Mercedes, Jaguar and Cadillac with two models each. Good news is of course no Lexus.
https://247wallst.com/special-report...-the-quickest/
https://247wallst.com/special-report...-the-quickest/
#4
Feels about right - I'm surprised the Lexus GS isn't on there because that feels like it's pretty comparable in depreciation compared to a 5 series, A6, and E class. Just seems like all mid size luxury cars depreciate a ton. For those of us who buy used, getting some of these cars at the 3 or 4 year mark presents a great opportunity and you can still have them CPO and with additional warranty on top of that. My wife's favorite car we've ever had was a BMW so I occasionally look online at pre-owned 5 series and it's pretty easy to find a 2-3 year old very nice 5 series for 50% of the original sticker.
#7
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#8
worst depreciation on that list is 72%
they also have another list for best kept value and that 'best' depreciation is 30%
interesting that the best value holder is the Jeep Wrangler.
also interesting the 3 behind that are all toyota body-on-frame models (tacoma, 4runner, tundra)
https://247wallst.com/special-report...the-longest/5/
kept value though has a lot to do with how much someone wants to hold onto something, it's subjective. as we know from numerous threads here, toyota BOF vehicle owners LOVE their vehicles and keep them a long time. so there's likely not many on the market, thus higher prices.
they also have another list for best kept value and that 'best' depreciation is 30%
interesting that the best value holder is the Jeep Wrangler.
also interesting the 3 behind that are all toyota body-on-frame models (tacoma, 4runner, tundra)
https://247wallst.com/special-report...the-longest/5/
kept value though has a lot to do with how much someone wants to hold onto something, it's subjective. as we know from numerous threads here, toyota BOF vehicle owners LOVE their vehicles and keep them a long time. so there's likely not many on the market, thus higher prices.
#10
That actually doesn't surprise me one bit. It's held that spot as long as I can remember caring about cars. I'm therefore conditioned that should I ever decide one day that I want a Wrangler or Gladiator (which I expect to behave similarly), I will just buy/order a new one, and not even bother looking at used.
#11
The mid size luxury market is really competitive and flooded with options so I think everything in that segment depreciates a ton. A very quick search within 25 miles of my zip shows:
Lexus GS - several 2016's with 11k to 15k miles are $30k asking price. 2016's with 20k to 30k miles are $26k to $28k asking price. A 2017 with 11k is $32,500.
BMW 535i with 26k miles is $26k asking.
So without looking at how things are optioned, but seeing enough cars to come to a reasonable conclusion.... a 5 series and a GS in my market with same year and similar mileage are going to be pretty similarly priced (BMW appears to be slightly lower on average). I'd imagine their sticker prices are pretty similar.
Lexus GS - several 2016's with 11k to 15k miles are $30k asking price. 2016's with 20k to 30k miles are $26k to $28k asking price. A 2017 with 11k is $32,500.
BMW 535i with 26k miles is $26k asking.
So without looking at how things are optioned, but seeing enough cars to come to a reasonable conclusion.... a 5 series and a GS in my market with same year and similar mileage are going to be pretty similarly priced (BMW appears to be slightly lower on average). I'd imagine their sticker prices are pretty similar.
#12
The mid size luxury market is really competitive and flooded with options so I think everything in that segment depreciates a ton. A very quick search within 25 miles of my zip shows:
Lexus GS - several 2016's with 11k to 15k miles are $30k asking price. 2016's with 20k to 30k miles are $26k to $28k asking price. A 2017 with 11k is $32,500.
BMW 535i with 26k miles is $26k asking.
So without looking at how things are optioned, but seeing enough cars to come to a reasonable conclusion.... a 5 series and a GS in my market with same year and similar mileage are going to be pretty similarly priced (BMW appears to be slightly lower on average). I'd imagine their sticker prices are pretty similar.
Lexus GS - several 2016's with 11k to 15k miles are $30k asking price. 2016's with 20k to 30k miles are $26k to $28k asking price. A 2017 with 11k is $32,500.
BMW 535i with 26k miles is $26k asking.
So without looking at how things are optioned, but seeing enough cars to come to a reasonable conclusion.... a 5 series and a GS in my market with same year and similar mileage are going to be pretty similarly priced (BMW appears to be slightly lower on average). I'd imagine their sticker prices are pretty similar.
#13
I think average selling price is more important than MSRP because incentives off of MSRP will skew the data. None of this is perfect science as there are so many variables. My point is I think the GS, E class, A6, and 5 series are all pretty similarly priced (within a few % of each other) - and if all else is equal, they likely sell for about the same brand new. I think if my budget was $30k I could buy just about any of those cars mentioned as a 2016 model with under 40k miles.
#14
they lose value because they're giant piles of plastic junk that are almost certain to become troublesome at some point soon after the warranty is done
#15
As pointed out the real story is why most are leased. Even at $30K (new over 100K) a BWM is still terrible value the cost of ownership is ridiculous.