Awesome Luxury SUV's That Depreciated HARD
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- เผยแพร่เมื่อ 31 พ.ค. 2024
- These top of the line luxury SUV's lost TONS of money in just a short amount of time... Some over $100,000! If you bought these bad ass rides brand new, you're not gonna love this video, but if you're looking for some of the coolest, fastest and most luxurious SUVs to buy used right now, these have depreciated to where you can afford them!
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Which Luxury SUV is your favorite?!
QX80!
Porsche!
X5
PP9p9
P
The price may have depreciated but the maintenance costs have not
They've increased
Correct. They actually go up the older the car 😑
You’re kinda back at square one..
that's wrong , any car that cost over 50k have to survive at least 10 years without any high cost repairs , like transmission or engine, regular repairs are not expensive like brakes or any regular maintenance , keep in mind mechanic is similar to most cars. otherwise is better to buy a new car for 20k. so my conclusion and advice as mechanic is: it is worth it to buy a nice used sport car, for 20-30k with 5 years old. then, you will have a lux car per less of the half of the new car cost, for another 5 years...driving a 70k sporty car, .............price-less!✌😎
Only the morons who purchase those cars used are concerned with maintenance costs. People who buy a $100k plus car new, doesn't keep it for 20 years and they aren't worried about maintenance.
@@johnh8705 if you paid a 100k for your car to keep it for 20 years, means you have no idea about cars, sorry. With 100k I would buy my house and I will keep it for 20 years, price on my house will double the original price, after 20y. A car that you purchase in 100k will not cost any thing after 20y, again:buy a used sport lux car per 20k, then , use and enjoy it, for other 5 years and sell it for 15k and over and over again.....at the end of the day ,you will have your house and driving a sporty 70k car all the time different brands, got it?
Rich man buys luxury car,loses a lot of money doesn't care gets rid of it and gets another.Poor man goes wow a cheap luxury car,gets poorer.
Exactly lol. People who flex hard with empty wallets and stomachs .
Rich folks lease luxury cars under their company's name, and get tax deduction for their losses. Everyone else will buy cars and loose money; there are no tax benefits for car ownership. But if you lease a car as a person, there are no deductions for you either.
They buy cars a few years old and rarely buy new.
@@sonyawilliams4989 yup, cheaper on insurance too!
@@aquibobo That's actually illegal but it's basically a loophole and is hard to enforce. This is where pro-business tax laws go wrong. It's the same thing as business owners deducting for purchases for personal use (e.g. a work printer, a fake "home office", etc)
Mechanics say :If you can't afford a new one, you definitely can't afford a used one...😭😭🙈👍🇮🇪
Up the Ra
Well, that’s a dumb mechanic.
@@vijayanchomatil8413 Hahaha! Yeah... they never charge you extra with a warranty!
I am a very handy person.
I'm able to change, Alternators, starters, shocks, coils, fox power window issues and mos8 anything wrong with my cars.
that said.. I've owned a BMW X5, BMW 325i, Mercedes and fixed all problems with junkyard parts👍.
for me... very cheap to maintain.
Yep, been there with a BMW M5. Did the math and I could've just bought a new one instead of the repairs... albeit buying one with 60k on it already was a bit dumb.
I used to only buy used back in the day (90s early 2000s). Back when it was much easier to work on your own car in your yard or self help garage. Plus the way my bank account was set up..... But now bothe those things have changed, my bank account and the ease of working on your own vehicle. I now buy new and have been blessed enough to buy semi luxuary vehicles ($100K) range. It also brings piece of mind because i can get in it and dont worry about it breaking down with maintaining proper maintenance. And i have been fortunate that I get big discounts on that part too.
I bought a 2013 Q5 with 82,000 km last year at 75% depreciation. After 12,000 km and spending $1,200 to replace some worn parts and front tires it's running well. Only medium term issue is oil as it's on pace to use up 1 quart of oil every 10,000 km.
Despite the niggling costs, I will put this car to good use someday as my place of residence has a petrol for EV replacement scheme that waives the 110% import tax on EV cars at up to $35,000. I'll trade in this Audi once EV cars become mainstream and new ones falls to my budget of $30,000.
Never bought a new car and thanks to that I owned 3 Cadillacs, Lincoln, Mercedes and Infiniti (my daily driver now). You are absolutely correct, a few years old luxury car is better than new run of the mill car in every way, more power, features, handling etc.
You totally right! I used to drive BMW X5 5.0. Had so much issues. Now I have Lexus GX470 for off-road, for commute I drive Lexus GS450h and wifey Lexus ES300h. We all satisfied!
I'm surprised Maserati wasn't on this list.
Me too! The Levante only lost about 40% of it's value in 4 years, it's actually not bad!
This is a great video. Would be nice to see a comparison of average sales price vs retail price. Percentages change significantly, themes are similar.
This is an awesome video. I wish more creators would make videos like this.
I just got my first car, love you 7 years of depreciation❤️
Officially, the only person on earth to put Miley Cyrus, Kim Kardashian and Queen Elizabeth in the same sentence...😆 🤣 😂
Well, you too now :)
I guess that means you're probably the 1st person to type the names in a single sentence. Congrats
Dunno, these names and more have been on my "ppl queen elizabeth should order executed" list for ages now.
But in reality someone has to buy NEW so we can buy USED😉
Somebody gotta do it! 🤑Salute!)
Not true!... In an IDEAL Reality, If the majorities do not acquire new and wait 5 years the price would drop and you get new cars at used price.
just gotta keep in mind that people getting these cars knows how unreliable they are so they abused the crap out of it for 3-5 years
We are the bottom feeders of the ocean 😅
I do and keep them for over several years
Take care of them and don’t have high repair costs with extended warranties. Don’t want to buy someone else’s problem unless I know how it was driven
Loving this one thank's for sharing very important information giving blessed love to all knowledge is power hopefully everyone pays attention keep up the good work 🙏🙏🙏🇯🇲🇯🇲🇯🇲💪💪💪
Loved your video. You made it fun to watch. Look forward to more
The Range Rover is not even worth it with depreciation. It has way too many mechanical issues.
As a previous Land Rover owner, I couldn't agree more.
Everyone says this but I bought 14’ Sport Autobiography with around 50k miles a few years back and now it has 90k. I follow the maintenance guidelines and the only thing I’ve had to pay for outside of regular maintenance was the lights that went out. I’ll be driving it until the engine fails. I am a little cautious that I got lucky and my next one will be unreliable 😬
@@sonyawilliams4989 same thing with my X-Type Jag and 180000 Miles only problem I had was one idler pulley
@@IdealMediaChannel
Some people are getting paid to defame others and to praise only overpriced Lexus
I owned a land rover that used to not start the day after service. Had it towed twice before it was 5 years old.
Friend bought an LR in 2018. It was in the shop two times before it was 6 months old.
I love the comfort and experience of LRs but they definitely can have reliability issues.
Awesome video....thank you TH-cam Recommendations. Subbed.
Awesome! Thank you!
I used to always buy used vehicles to get the best bang for my buck. Now that I have a career that allows me to afford a new car I tend to go that route. I enjoy owning a car that is mine and hasn't been driven by someone previously. I also enjoy having all of the initial warranty in tact and not having to pay out of pocket for the inevitable maintenance that's going to occur. I'm not rich and wouldn't be buying these crazy priced cars but i can comfortably afford around a 60k-70k car and I am ok with the depreciation.
One of the best honest vids i have ever seen
Me watching this video 👁💧👄💧👁knowing that even these car depreciated 90% I still can’t afford it. (Don’t mind my English it’s my second language)
Don't worry man, one day you will... I thought the same back in the day, I thought I'd never have any car... But here I am, driving a Tiguan lol. Not so luxurious, but still... Gonna get a Q7 soon. The point is - don't be sad, good things will come to you, just keep your eyes opened for opportunities. Greetings from Serbia
I purchased a used 2015 Toyota Highlander XLE AWD, paid it off...and the value keeps going up. Plus, it will last for a very long time
New subscriber right after intro, killin it. Congratulations!
I bought a 2020 Rover HSE P525 new in June. Beautiful car, but it's had to go into the shop once because the front and rear seats stopped moving, another time because the cabin ionizer was making a high putch whistling noise, and another time because the lower screen on the dash needed a software update. But it sure looks good, the interior is comfortable and the ride is amazing. If I didn't buy the car to use as my business vehicle and take deductions, I for sure would have purchased a used one because of the insane depreciation.
I've been renting a new car every single month for the last 10+ years. I pay between $450 to $600 per month depending on the time of year. I carry 2 seperate insurances that cost a total of $250 for the entire year. Granted the insurance i carry is a "one off" insurance which means that if i get into an accident i would need to purchase another new policy BUT the greatest advantage is my insurance NEVER goes up no matter how many accidents i've been in and i get to drive a brand new or almost brand new car each and every month. You name it, i've rented it and will probably never go back to owning or leasing a car ever again. Ohhhh did i mention that the car charge is 70% deducted on my taxes since the car is mostly used for work
I was renting cars by month 10 years ago through Hertz...Getting a Altima or similar for $500 a month...The insurance transfer over from my personal car..Did that for about a year until they increased the rates
If a car is so expensive & depreciates so fast that tells me a whole lot about it’s reliability!!!! Toyota I luv u 😘
I enjoy your comic approach, as well as your informative presentation.
Grt vid. Brilliant presentation style, and car info not bad either.
HEY MAN! I have a bentayga and I’m watching your channel 🤣🤗
Both cars I’ve purchased have been CPO’s and I plan on keeping it that way
Nice video! I am glad I ran into this as I am in the market. If you can take advantage of depreciation as a tax deduction its worth the new ride with new tech. Other than that, you are spot on! Buy used!
I'm on my 3rd BMW X5 in 10 years. I've been able to drive very fine used cars for the cost of a new Chevy or Ford, I just plan on spending $2-3k/yr on maintenance. It's worth it in my book.
You are not only informative, you are as funny as hell... two thumbs up for you 👍👍
My 2005 530i,
...was done buying overpriced parts to fix...but that gave me an idea
Parted it out.
Made 20k just off engine, transmission, and trans module alone.
33k in total. Dunno what to do with the shell tho
Thats my plan when my SHO blows up.
Super informative thanks man
Great information thanks 👍🏽
I still love my X5M so much fun bought it secondhand with 34k miles on the clock
How has the maintenance been and how long have you had it now? I was looking at X5M but went with Cayenne instead.
Me who can't make money for shit watching this video: interesting
Most of us are like this, bro, welcome to the club.
Go to flee markets and sell stuff on ebay.
O
@Vadim totally disagree I watched and learned and bought the 2003 Jaguar XJ8L 73k miles excellent shape $5k the Saloon body before Ford f’d it up. Watching and learning where to look... priceless. Also got the 2016 GMC Terrain fully loaded 16k miles $16k excellent shape no dings scratches and kept in awesome condition
@@armyproud3535 you do realise this comment is a joke, right?
Great video,,thank you for all that good inf.
Our pleasure!
You’ve earned my follow!
9:05 My favorite part 🤣🤣🤣🤣
Correct me if I am wrong, but doesn’t these SUVs continue to depreciate when you buy it used. Also, most cars loss their value the most the first 2.5 years. Usually around 35%, so to be at 57% at five years is just fine.
Oh yeah, they're not done depreciating. We just needed a good metric so we went with 5 year old cars.
I believe the average is 50% after 5 years so these cars depreciate at a faster rate than average
The depreciation curve starts to flatten after the 3-4 years so the cars don’t lose value as fast. Most of of the depreciation occurs within the first 5time years.
Thanks.....That's was great info.
thanks to you I have subscribed great video and will save a bundle due to my considerable skill set
I think most people just don't know how much they will lose. Nice channel I just found it.
*The thing is a car is NOT an "investment."* Buy what you can afford and enjoy! Of COURSE it's going to lose value. It's like asking how much your ice cream cone has depreciated after you've licked it. That is HARDLY the point of ice cream!
I'm over 60 and I have only bought one new car in my life. And that was when I was single. Ahh, the good old days...
Which car did you buy?
@@ajaxsid9034 Probably a PT cruiser.
@@eduardosampoia5480 lmao xd
He's probably talking about his girlfriend "BETSY"
He got a Yugo... One of the best old school cars
Love the videos! What about the old school Bronco? Also.... Where do you get those cool graphs? Yes. I'm a nerd.
Loved the stranger things clip around the Bentley 😅😅 great segway.
I love this channel
So glad to hear Mstnurun!
Buy used and never cry a day about depreciation 👍
I bought a 2015 BMW X5 xDrive50i V8 Twin Turbo AWD. It was $90,000 new. I got it for $29,500 with 43k miles clean title. I absolutely love it and it drives amazing! Don’t listen to the BS if you can’t afford it new you can’t used. How about you stop going to shops that steal your money but that’s what most do.
Totally agree that buying a new car is not smart. The last time I purchased a new car was in 1995, it was a ‘95 Toyota Previs. I definitely got my money’s worth as I had kept that vehicle for over 20 with no problems…it just keep on running.
I have purchased used cars ever since.
You don’t know what currency do they use in Germany! I rest my case with your videos. Thanks for not giving me so much troubles.
I actually do. The comfort and security I have owning a vehicle which no one has abused is worth every penny.
I usually bought a year or two old luxury models, especially dealer loaners were good. They retained good value back in 2010, but they depreciate really fast these days.
I loved your video very simple informative and so funny
Through half this video, I thought the guy was a priest.
🙏
🤣😂🤣
He kind is ... The Priest of Discount Luxury Cars ...
That is why I prefer JDM all the way. This video has already explained.
Jdm is shit 🖕🖕🖕
But mustangs are cheap and fast but fast jdm cars (if there are any stock) cost shitload of money
Go ahead tell us all about how reliable your sr20 is (not)
Nate Druelinger
You don’t even know how to work on one.
JDM Virgins Media I’ll forget more than you’ll ever know ;)
Great video!
Thanks Curtis! Glad you liked it, it was fun to make!
It's interesting to compare luxury car depreciation with property value increase over the same period. I bought a 2000 ML320 W163 for £1000 in 2013: when it was new in March 2000 it cost £37,250 - my house cost £41,500 in April 2000, so the car cost 9/10 of what my house cost. When I bought it my house was worth £140,000, so the car cost me 0.7% of what the house was worth. Okay, it only does 19.5mpg and running the car contributed to going through a DRO, but it is a lot of fun!
So, as tempting as it would be to purchase one of these depreciated beasts, do your research on the ones you are interested in, particularly on owner forums and such. You will get a much more honest idea of what you may face as an owner from the maintenance and repair cost perspective. They are all expensive to maintain if you follow the manufacturer's recommended maintenance and heaven help you if you have an engine, transmission, or electronics issue. If I had my choice a right at this moment, I would go with Tesla, the amount of routine maintenance compared to a traditional IC engined car is substantially less, and if you look at the cost to "refuel" the car versus an IC engine it less as well.
Just my $0.02 worth based on past experience and current research into my next used car purchase.
PS - BTW, an old joke for BMW M cars. There's a reason why they use the M symbol, it represents the multiplier for routine and repair maintenance costs versus a normal model BMW.
Never buy these old HIGH end cars... yes the price will drop but the cost of running and maintenance is so HIGH....
gonna love this video,
I bought my touareg tdi this past winter. Did deletes and a stage 2 and it runs great and also gets 500+ miles to a tank. I still wish it was faster though.
Rappers and Escalades, what a way to stereotype, I live in the Phoenix ‘burbs and Escalades are like Camrys out here
7:55 I thought they came supercharged v8. The one in the video sound like a v8.
Yes I bought a new at the time in October 2015 a 2016 Mustang, and bought the Extended 7 year 100,000 mile warranty. Just took it in for service and the dealer wanted to buy it.
It has 49,000 mile, replaced the breaks, and tires for the 1st time. Yes i drive slow , though, you could ask my local Waba drive thru how I go thru the drive thru.....Drift her.. though now with the new tires i think i'll hold off on the drifting for 3 to 4 years.
This is a great video
Where is the Alfa Romeo Stelvio Quadrifoglio on your list?
4:12 the clip actually comes from David Dobrik, it’s his Tesla
Good video definitely right on the range rovers, I know from experience but I still go back for more LOL, just love the SVR.
You did forget the Rolls Royce Cullinan 420K down to 320k in a year. The only one holding well is the Lamborghini URUS, they do drop somewhat but not much. Seems ones with options are holding up. The question is how long will they hold well, feel like when the Audi RSQ8 is really out and 2021 URUS start the 2019-2020 URUS will drop hard.
I bought a 2020 Explorer ST new and it held its value pretty well but ive had some minor issues with it off and on mostly interior problems and some electronics.
The synonym of luxury is depreciation
Uh, you must have never heard of Rolex
8:16. That's a Defender Land Rover that the Queen's driving. A slight correction chaps.
David Jackson but still a Land Rover.
Great info! Can you share a video with 3 yr depreciation of many new luxury SUVs that have launched in mkt like X7
@7:53. Pretty gnarly sounding "V6"....
Shoot, my dad has an BMW X5 i35 2007 style. I expected it to be on this list. Love ur vids though! Very very nice!
I'm sure that depreciated pretty hard! BMW SUV's are notorious for losing value.
@@IdealMediaChannel Oh, I thought that was mercedes..
Ideal Media I love my 2003 Jaguar XJ8L 73k miles $5k in excellent condition leather and all will need a gloss coat maybe but other than that it’s in pristine condition and maintained. Sure it depreciated but the smooth ride, crisp sharp turns, the saloon style that sits low is well worth it.
It hasn’t been easy for my BMW and I. Each weekend I enter my car I expect some sort of surprise alert on the dashboard.😠
you have the best videos ever
This guy is envious of successful people that actually do something for society and enjoy their money
Seems to me, high depreciation vehicles have a propensity for poor reliability. Are there any exceptions to this? What you need if it exists is a fast depreciation vehicle that retains resale value after the first initial depreciation.
Lexus
Lexus and lincoln thats about it
Lex... Nvm
BMW E46
Get a low mile car after someone trades it in off lease.... that simple
@Rvqsx It all about mileage Timmy. And some are still under warranty.
Thanks great video, could you please do a video on smaller SUV and in European market
Thanks
I have the 2004 Volkswagen Touareg V8 and love it wouldn't take nothing for
U just might need to be a mechanic😂😂
by the time you get them after they have depreciated in value, they are still new granted but they are going to be needing all kinds of service which is not cheap at all. so the money that you are saving by not spending $1000000 on a car you end up spending on servicing it and repairing it
the real questiin is: why buy luxury used if you can buy premium new.
@@trazyntheinfinite9895 Because the car won't lose $50K in value after the first 5 years again. It will level out and depreciate slower.
Not really. A 5 year old car was 50-75k miles has plenty of life in it if it was taken care of, even if it’s an unreliable model.
You have to make sure that the owner took care of the vehicle I have bought 2 in perfect condition
Hey i was actually thinking of buying the 2018 audi Q7. What do u think about the price and maintenance cost? Yay or Nay
Toureg with off road pack rocks for sure.
Nice low key beast, massive torque, tows really well
I bought my Touareg brand new in 2011 and that SUV is still my primary car today. I'm still loving it. It got me through snow storms, bad rain, and some light off roading just fine. I'm just sadden that VW USA have stopped bringing in new Touaregs since around 2017-2018. I would have gotten a new Touareg if it was available in the US.
I think the watch is there because of depreciation. If I listened right you said the watch costs about $150,000 and the car depreciates $137,000 you can sell that watch sell that car and never have to worry about it again.😂
If that's the case, then Bentley have pulled off a brilliant marketing strategy (unwittingly, possibly a first in motoring history) in order to offset that spectre of depreciation!.
Can you review about the lincoln Ls with both the v6 and v8 engine
Luv my v8 Lincoln!
It made so much sense
I actually snagged a new JK Rubicon in 18 as the JL launched which has held its value very well. Now what happens to my value when the Bronco comes out, who knows?? Now we won't talk about the Cadillac ATS I bought a few years back...PTSD. Great Video
You had me ran so fast to CarGurus
Guy: sells luxury SUV
Also guy after seeing this: meh Ima keep it
Thanks man,I'll never buy another new car again ever,well done,but I do love the audi Q8 ,I GUESS ILL GET A 3 OR 4 YEAR OLD USED ONE
Bought a Porsche Cayenne five years old, paid less than half. GREAT SUV!
Love from bangla desh 🇧🇩
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K
congrats on 400k
Thanks Ninja, 500k here we come!
Surprised BMW 5 series is not on the list .I bought a 2016 535 that depreciated 53% from its original sticker price of 68,000.So for 30k I got a clean simple inline six cyclinder that has only 300 hp but gets 22mpg and is easy to maintain .