When it comes to luxury cars, depreciation can be a major factor in determining the cost of ownership. These vehicles tend to lose value quickly, with some models depreciating faster than others. To help car buyers make an informed decision, iSeeCars has compiled a list of the 15 cars that depreciate the fastest. Trucks and SUVs account for seven out of 10 spots on the list of vehicles that enjoy the slowest depreciation rate.
The two main models in this regard are the Jeep Wrangler and the four-door Wrangler Unlimited, which historically have low depreciation rates. The Audi A4 starts this list in tenth position, and is followed by the BMW 4 Series in eighth place, which loses 51.7% of its value after three years of ownership. The Audi A6 takes the top spot as the fastest depreciator, losing 55.8% of its original value after three years of ownership. The BMW i3 follows closely behind, with a loss of 68% of its initial value in the first five years.
The Mercedes-Benz GLE500 is a mid-size luxury SUV that depreciates by approximately 65% in the first five years. It is the enormous cost of repairing and maintaining luxury cars that is largely responsible for high depreciation rates. To help car buyers make an informed decision, iSeeCars has ranked 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. Understanding vehicle depreciation is an important factor in helping new and used car buyers make an informed car purchase decision at the dealership. Even worse than buying a rapidly depreciating car is buying a car that depreciates quickly when applying for an expensive car loan. The Lincoln MKZ is one such model that offers a wide collection of luxury options at an affordable starting price. 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.