20+ Cars That Are Plummeting In Value – Is Your Car On This List?

If you’ve ever purchased an automobile, then you’re aware of the problems that come with car depreciation. As soon as your newly purchased wheels step off the showroom, the car’s value is likely to drop by 10 percent in market value. After a year, you’ll be able to take an additional 10… to say the minimum. The unpleasant truth is that your vehicle’s value will continue to decline with time to check the figures. New cars will be losing between 15% and 25 percent each year. In the fifth year of your vehicle’s life, the vehicle will be losing 60percent of the sale cost! Before you buy a new car, make sure you check the following list that includes 35+ vehicles taking a retail value hit.

Smart ForTwo

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Despite being advertised as an environmentally-friendly vehicle, the Smart ForTwo is hardly worth your money. For one, it’s tiny with a weak two-gear transmission and doesn’t carry an enviable safety rating as cars with higher ratings. When the first anniversary is reached, and you’ll find that Smart For Two’s value will be reduced by about 36 percent! That’s about $14,000!

Hyundai Genesis

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It’s not meant to be a slam on Hyundai; however, when they put this car within the same price bracket as Lexus and Mercedes, they must have been slightly too confident. It is worth noting that the Hyundai Genesis has a speedy decline of 38% of its retail value within its first year. This is when it’s fresh and not directly from the showroom floor. A second-hand car is probably the best option for this luxury car. Otherwise, you’re likely to incur a 16,000 value decrease from its initial $52,000 value.

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