But before you go to the nearest BMW dealership to buy an i3, it's worth knowing that it would have lost approximately 68% of its original value in the first five years. According to CarEdge calculations, the BMW i3 will have a residual value of approximately 19.38% after 10 years of ownership. The Mercedes-Benz GLE500 is a mid-size luxury SUV with an attractive exterior, superior interior refinement and excellent power. But despite all the good things, the value of the GLE500 plummets by approximately 65% in the first five years.
Mercedes-Benz GLE500 mid-size luxury SUV ranks second for the most-depreciating luxury car after five years of ownership, with a depreciation rate of 65%. It has some positive attributes, including an attractive design and a luxurious interior, but a significant drawback is its significant drop in value. However, together with the high original price, they tend to depreciate considerably. With models like the BMW i3, Mercedes-Benz GLE500 and Land Rover Range Rover, the significant drop in value after five years of ownership means you might not make as much money as you expected if you decide to sell it.
You may have heard that old saying about buying a new car, which says that the moment you leave the parking lot, the vehicle loses a third of its value. For most cars, especially luxury cars, depreciation is much worse after five years. Table of contents What depreciates luxury cars and trucks the most? The BMW i3 is luxury. Mercedes-Benz GLE500 mid-size luxury SUV may rank second for the most depreciating luxury vehicle after 5 decades of ownership, with a depreciation level of 65%.
On average, luxury cars lose about 40 to 50% of their original value in the first five years of ownership, as HotCars details. With their higher retail rates, luxury cars generally benefit substantially after getting a particular new one. In terms of the BMW 5 Series, if you want to avoid one of the lowest resale value luxury cars on the market, buy one with some power. Depreciation is that moment when you drive a new car out of the parking lot and the car instantly loses a percentage of its value.
Volvo's largest sedan, the S90, marks the beginning of an obvious trend among luxury cars with the lowest resale value. iSeeCars ranked the depreciation of mid-size luxury cars relative to the segment average, which is 53.6 percent. iSeeCars ranked the depreciation of small compact and subcompact cars relative to the segment average, which is 36.3 percent. With an average depreciation rate of 68%, the all-electric BMW i3 compact hatchback ranks first as the most discontinued luxury car after five years of ownership.
In general, luxury cars and trucks get rid of about 40-50% of their initial value in the first 5 years of ownership, as in depth by HotCars. While the average new luxury car loses 40-50% of its original value in the first five years of ownership, some models tend to lose much more. We rank the fastest depreciating luxury cars based on the amount of value they lose in the first five years of ownership. iSeeCars ranked the depreciation of small luxury cars relative to the segment average, which is 46.4 percent.
Understanding vehicle depreciation is an important factor in helping new and used car buyers make an informed car purchase decision at the dealership. Here are 10 luxury cars with steeper depreciation curves than any of their counterparts, measured by the amount of value they lose over the course of the first five years of ownership. The enormous cost of repairing and maintaining luxury cars is primarily responsible for high depreciation rates. .