WORST Cars That Lose The Most Value In The First Year
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- เผยแพร่เมื่อ 29 ต.ค. 2024
- Worst Resale Value cars, SUVs, and trucks that depreciate the most over time. We share the worst cars that lose the most value in the first year of ownership according to data from ISeeCars. We also go through the best cars to buy with the highest resale value in the first year. If you want to know which cars offer the best and worst value that you should avoid buying, watch this video.
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With over a decade of experience as a professional car buyer and auto consultant, Shari Prymak has helped thousands of consumers with their car buying needs. Car Help Corner provides honest, objective, consumer advice with all aspects of car buying and car ownership. For more professional advice, check out Car Help Canada, become a member, and subscribe!
During the pandemic I bought a ford escape 2020 six months used for $26,000 then I sold it three years later for $29,000! Best deal ever and a first for me after decades.
Dang!
Not necessarily. If you compute in the huge inflation of the PLANdemic years, you had a worse deal than I had in 2019, when I sold a Peugeot 207 CC with only 1100€ less than what I bought it for in 2013, 5600€ (it already had 5 years and 31'000Km on the road), a period in which the inflation was "normal".
The more I watch your videos, the more I enjoy my "elderly" Japanese cars. Thanks for another interesting video and keep up the good work.
The reason it loose it value that fast because it was never worth that much at the beginning. Meaning over price.
Absolutely
thanks for the info regarding cars that plumet quickly in terms of value and those that don't.
I have never bought a brand new car. I always buy used. Just bought a Cadillac XT4 2021 for less than half it's original MSRP at 3 years old now, with low mileage. I keep cars usually about 5-7 years, so my depreciation slows a lot by the time I get them. I just like the kind of car that I like, and to each their own. I don't really buy anything too old to worry about huge problems no matter the brand or model. The difference in what retains value the most is probably negligible for me in my situation.
Very wise 🌹
I've bought my last 3 cars brand new....two of them I had for 18 years....the current one I'll have for just as long.
A lot of the EVs lose extra resale value because of various tax credits on new ones.
If you would have been able to get $10K or more in combined federal and state tax credits on a new one, obviously, that’s subtracted from the used car value before you even account for normal depreciation.
Many of the vehicles with lowest depreciation keep their value because of supply chain issues making the wait for a new one too long. So, new car buyers start looking at any 1 year old used versions of those cars that are available on the lot so they can get a car today. That extra demand drives up the cost of those used vehicles.
One may plan to keep a car "until the wheels fall off" but, because it's a bad vehicle for several reasons to begin with, the costs to keep it on the road can outweigh the potential benefit of amortizing depreciation.
I have a 2010 ford fusion havnt done any work besides maintaining it new tires brakes oil changes etc..
@@blakespower Weren't they like Mazdas underneath or have I got that wrong?
I bought a new Honda CRV in 1997, replaced it in 2017 with another Honda CRV.
It’s really bad when the wheels fall off in the first year !
Spot on! You’ll never go wrong with Honda and Toyota
I enjoy your reports very much ! Very informative and to the point. Thank you !!
I watched this video with great interest and curiousity. It was fun and entertaining and good to know. Keep up the good work Shari,!
Cubans keep their cars 75+ Years and they seem happy. Why can’t we? 🤔
Toyota and Honda- Topguns 🥇
Because we have been indoctrinated by our corporations and government to be mindless and hedonistic consumers from cradle to grave.
Because those cars still run. 2025 cars are toooooo complex to repair or last long.
@@harryaxe5167
Tell that to any Toyota 🤪
As an ex 750 owner I can comfortably say they do in fact lose value rapidly. But to get some value back. Sell them with an extended warranty 😇
lol
Some people don’t worry about this. I drive cars forever! Although I did sell an base 08 Highlander in 6 days for just over $9k!
So, the moral of this video is that inexpensive compacts and hybrids made by Honda and Toyota are worth keeping, but EV's(other than Tesla), mainstream Italian cars, and high-end German luxury sedans are worthless. Not really a big suprise. Thanks for another great video Shari.
Hybrids retain value because they have more moving parts than both evs and gas cars. Junkyards love them.
Mazda also
@@ElMistroFeroz no, hybrids retain value because of low operating costs and high demand.
Its misleading to talk about EV depreciation without also mentioning the significant government rebates that EVs have. A Bolt loses $9,000 in the first year? Well, $7,500 of that comes from the federal tax credit that the original owner receives. When you strip out the tax credit, the actual depreciation is only $1,500. So a misleading and simplistic approach here.
I don't think you have checked Tesla resale values lately.
I always try to figure the total cost of ownership. EVs always seem to be the worst, while hybrids are the best. I purchased a one year old Ford 2011 Ranger in 2012 because of their reliability, and the fact they stopped making them. I never put a dime in repairs and sold it 10 years later for exactly what i paid for it.
build quality becomes shi**ier for new models, even the japanese have this trend😢 waste of raw materials and energy which put a lot of stress on environment :(((
@@SGA32-b8h I put 8000 miles on my electric bike last year and 4000 on my vehicle. I'm 73 years old.
Since when is the base price of an audi a3 under 30k? 35k plus destination is the cheapest a3 you can buy new.
Mercedes, BMW, Jaguar are not built to last and maintenance is unreal expensive.
The only German car I would ever buy is a Porsche, and I happened to own a 2024 911 Turbo S (in my dreams).
2 of the vehicles you listed are EVs and get a US subsidy of 7500 and 3750. So you have to subtract that from the depreciation since the owner doesn't pay that. Something depreciates based on what you actually paid not the list price.
Some of the Kias have greatly improved compared to 15 years ago. You can save money by buying a used vehicle that lost more value, but it is often a gamble for repair costs later.
You come to know after few years of usage KIA/HYINDAI always proves themselves junk in long run
My 15 years old Kia Borrego, still runs great after 300K miles.
The Junk YARDS ARE full of 2018,19 and 20 model year Kia's and Hyundai's with blown engines and Transmissions.. terrible vehicles👎😫
brother eww what's that? a kia??!
watch car confection and the new santa fe had 2 blown transmission and bought back by the dealer😂
Repairs are expensive, the cars with the best resale tend to be the most reliable.
This report should include the reasons why the vehicle depreciate that much. In the case of the Murano, I believe it’s because it is a very old design. But at the same time (due to its good reliability) it makes it a great option to get it as an used vehicle. I got mine like used and after 87k miles, it’s been a great car.
Yeah, 'till the crappy jaico transmission goes "POOF"!
@@treesnmoguls do you have a personal experience with that?
Great video as always, please make a video about honda civic hybrid 2025 and should buyer wait few months to get hybrid or go with the ICE version of it.
My vehicle purchases are kept below 5% of my net worth and I pay cash. Any drop in value is not tangible. I also put contingencies with every car purchase, such as I’m not allowed to buy another car unless $500k gets invested into making more passive income. Then I have to save up cash for the next car and avoid taking out investments.
If more people understand this then we wouldn’t have an auto loan crisis were some individuals are paying 4 figures for a car loan per month.
Bro, I’m at Commifornia and I can tell you that the maverick don’t loose value. After 2 years of ownership my maverick and all other used Maverick’s I’ve looked at recently cost more than MSRP used.
#1 Hyundai #2 Kia #3 Jeep imo as the worst. Subscribed.
Love your videos.
I have a Wrangler Rubicon 4xe and while the value dropped, I’m not too concerned as i like the Jeep and not interested in trading it in. I have a 7 year unlimited bumper to bumper warranty from the manufacturer and pay $3 per month on gap insurance (even though I’m even ant not upside down)
All EV's in Quebec will lose over $12,000 value in the first year because of federal & provincial new EV rebates to the original purchase, which is the most significant reason for EV depreciation, in both Canada and the U.S.
Im surprised there aren't more BMW's on this list. I bought a new 2023 X3 with a sticker of 57k, just short of a year later it was pulling a trade in value of 36k. Its a great SUV and I don't plan on selling it, but come on that's just ridiculous. I will never buy a new BMW again.
The Wrangler doesn't make sense, why make a hybrid? 🤔
They needed to meet emissions and fuel economy average mandates.
It appears that iseecars is using MSRP to determine the initial value of a new car for calculation of drop in value over the first year. This is misleading and at a minimum overstates the impact on the consumer. For example, iseecars lists $34,542 as the average cost of a new Nissan Leaf. But if you check with local dealership prices, you'll see discounts off MSRP ranging from $5,000 to $13,000 (with resulting prices in the $20,000 range). So as a consumer, you just need to make sure you capture as much of that "first year depreciation" up front in your purchase price. Conversely the list of cars that supposedly hold their value the best are cars that happen to be in demand right now and for which dealerships can thus hold the line against deep discounts. So the consumer is going to pay more for those cars anyway. And if I am right about this, then that is why so many EVs are on the poor depreciation list as well, as iseecars holds federal subsidies against the value of the car. I could be wrong about all this; feel free to correct me if my understanding is incorrect.
Is that just resale value or insurance replacement if a a total loss accident?
Is the Value here meant to be msrp? Some new cars give big discounts against their msrp, so buying them new already means 30% off their “value”.
Nissan Murano is such a great car. I was surprised it's on this list. The design is cohesive and futuristic. The engine lasts long. It doesn't deserve losing that much value.
Transmission is not good, also, it’s already 10+ years old design.
@blackwhirlwind1245 Reliability score is high. Only on select years that they have transmission problems but overall a great vehicle. The design is even better than the new ones from other brands, even if it the design has been 10 years long.
I had two Múranos, the CVT transimission fell out in one. They were great for their time. Once fixed I feel Nissan gave up on marketing them. A Mazda cx-70 is basically the same car now and it’s new to market.
Unfortunately Nissan is discontinuing the Versa, Altima, and the Titan
Jaico transmission is CRAP!
I think Mazda has been listening and watching your videos the first damn ad that showed up was a Mazda!
I love Mazda
Qx80 a great deal.used then. Thats a Nissan Patrol. Old model that has Long had its kinks worked out i would think
Just like in the cartoons, there are many demons and angels that whisper in your ears when deciding on which car to buy. The baddest demon is your Ego, and your guardian angel is your Wisdom, sometimes disguised also as your Conscience or Common Sense. "You gotta have this car! It's who you are! Look at those muscles, that no-nonsense fascia! Come on bro, what's there to think about?" "Just think! You'll go into major debt to own this car, and it's going to be worth half as much in a year or two! Can you really afford that?" "Sure you can! Don't listen to that sissy angel! I'll tell you, you'll feel so good about yourself in this car that you'll never want to sell it, let alone in a year or two! Go ahead and get it! You won't regret it!" "What could happen is that you'll regret it way after the car is practically worthless. Play the safe card! Get that Toyota or Honda instead!" "Toyota Shmoyota! Would you rather be cool, or be smart? Come on! Splurge on yourself for once!" ...
Agree, except a small point: between Toyota and Honda (I had one Civic bought in 2008, but since then their reliability decreased, according to Consumer Reports annual reliability surveys) you have at least Mazda from the most important factors (reliability and low TCO Total Cost of Ownership). Otherwise, yes, the Japanese best cars rule: Lexus, Toyota, Mazda, Acura, Honda, Subaru, Suzuki, Mitsubishi, from the most important POVs: reliability, low TCO, longevity etc.
My 8 year old Audi A4 Avant was worth only 9000€ in 2022 for a trade in. Went back to the same dealer in 2023 he offered 12000€. I went home in a used 1 year old Tiguan R after 3 weeks. 😂
?? I wonder who's gonna pay the price of depreciation if you LEASE one of these for 3 years ??
The lessee, of course!
@@treesnmoguls Not always. Many lease end buyouts currently are often much less than the equity in a car leased 3 years ago. Better to buyout at end than returning it.
Ignoring resale value is treacherous. In 2016, two weeks after buying my brand new Mazda 3, we were rear ended and the car was totaled. Had l had a 40% depreciation, that would've cost me $10,000 for two weeks of driving a $25k car.
I could've rented for two weeks a Lamborghini Aventador for less.
Think again.
I'm so surprises Tesla MY topped as the least depreciation only losing 8% after the first year 🤯
Love it!
Can you vlog all sedans in canada actual ground clearance?😊
For the under 30k category, it is interested to see why Nissan has 2 cars on both the most depreciated and the most value keeping cars.
Take the price after ev $7,500 rebate to make it fair
So why, in general, used cars are still so expensive?
My 2015 Mazda 3 2.0 Sport has 187,000 on it. The only things have been the usual wear & tear stuff. Just saying.
MX5 ND2/3 stays In a Great Spot …..consumer reports reported ❤
And this is why I ride a single speed bicycle wherever I go and it’s my personal primary mode of transport and I will never EVER have ANY stress about having to pay a Monthly car note! “Cars keeps you poor”-DaveRamsey-
What's your rent where you live?
How can a car lost 45% of its value in 1 year? Unless you wrecked it or the engine was stolen.
The Sentra is a LEMON!!! AND KIAS KEEP IMPROVING!!!!!!!!!!!!!!!!!!!!!!!!
What has Mercedes Benz gone wrong over the years?
it won't go wrong, but no millionaire will buy a year-old car because it's a matter of prestige. And the middle class will not buy a Mercedes S because it has an expensive service.
Also their new prices for the brand are so high, people won’t pay that markup for a used one
You gotta quit including the electric option cars, they aren't serious cars and nobody wants them. Not even in the same league as Fossil fuel cars.
😂😂😂
Nissan Versa? 😂😂😂
Ford Maverick? The one with the recalls?
Keeping my 26-year-old Tacoma. The one that currently sells for 70-80% of its original price.
Leasing means never owning anything.
................................... SIMPLE any of the DOG Euros...& Korean Genesis etc!
Maserati Ghibli? It has to be on this list…
I thought prices for Teslas new and used plummeted within the last year or so. Elon slashed prices and has a bunch of unsold cars…
So 2nd hand EVs are worthless. What a surprise
Only to the seller. Buyer can get a deal. I wouldn't but if you want one used would be the way to go.
All Evs tanked in value !! 😂😅😊😊😢😢
Lol, it looks like you can buy new model y for cheaper price than old model y..!!
Chevy Travesty? ??🤔
Why’d you call it sportage and then right after call it sportaj haha
I call it JUNK!
My Tacoma is looking better and better every single year....😁😁😁
Never purchase a 'Chrysler' product ........... I regretted it; and you will too.
Nissan in general is the worst brand you can buy. I leased a 2023 Nissan Altima LS and, after one year, the car is valued some 23.5K and by the year the lease contract ends, in 2026, I owe them 25K. There is the perfect example of scam. Whoever is reading this comment, do not buy or lease Nissan. That is not to mention that the car itself, is a piece of shit. The worse ride in a new car I have ever had. A true garbage of a a car. Nice dashboard, but mechanically, the car is a nightmare. Believe me, stay away from Nissan. No longer what they used to be.
Stay away from any used EV. All phones, laptops or tablets that I had, were having problems with the battery after 5-7 years. No exception. After 7-8 years it was becoming embarassing - you have to recharge twice a day. If you want your Tesla or Bolt drive not only to your neighborhood mini-Walmart, stay away!
You have no idea of what you are talking about. Modern large (less frequently charged) actively cooled car batteries have a very decent chance to outlast the car. And they are getting better and better. Used EVs may be the bargain of the century.
Actually, mine certainly is. I bought a 2013 Nissan Leaf In 2019 for $6k including sales tax. Since then, I saved more than that amount on fuel and maintenance. The car is negative cost now. And this is a 12 years old car/battery technology (2013 model year, so it was likely made in 2012 Calendar year) with a small battery (frequent charging) without active cooling. Moreover, I don't care for it dying on me and always charge to 100%. Yes, the battery degraded to ~70% of its original capacity, but it still has 60 mile range in the city and serves us well as a second car in the family, -- and will continue to do so for the next 3 years.
Murano is not under 30k
Wrong Tesla's are among the ones that looses the most value, like 40% in 3 years.
In a way, it's not a bad thing, if one is leasing. If something happens to the car during that time, sourcing a repair/replacement won't be too traumatic.
TESLA
FALSE MISLEADS INFORMATION
Always same story in every video clips...According to Shari Toyota Honda Mazda cars are good...Nissan and Mitsubishi are bad 😂😂😂😂😂
Don’t buy EV if you value your life and you’re a millionaire that can afford a chauffeur
The Maverick has gotten good reviews, nice to see
Maverick build production is very low. So, they are very difficult to find new.
When a vehicle is difficult to find new, some of those buyers will resort to also shopping for used versions and that props up the resale values of near-new used versions.