Best/Worst Cars for Depreciating Value
There was an article on Bankrate.com this weekend about the depreciating values of cars and the ones with the best and the worst values. Unfortunately, every car depreciates the minute it leaves the dealership, but obviously you want the best trade-in value that you can get. Here is a list of the top 5 best and worst values.
BEST
1. Volkwagen R32 - MSRP $32,990 5 year value 43% or $14,186
2. Jeep Wrangler - MSRP $19,680 5 year value 42.9% or $8443
3. Mini-Cooper - MSRP $18,700 5 year value 42.7% or $7985
4. Scion XB - MSRP $16,370 (manual) $17,320 (automatic) 5 year value 39.5% $6466 (manual)/$6841 (automatic)
5. Honda CR-V - MSRP $20,700 5 year value 39.4% $8156
WORST
1. Lincoln Town Car - MSRP $45,295 5 year value 18% $8153
2. Chevrolet Uplander - MSRP $22,320 5 year value 18.5% $4129
3. Kia Spectra - MSRP $13,545 5 year value 18.8% $2546
4. Suzuki Reno - MSRP $13,299 5 year value 19% $2527
5. Kia Rio - MSRP $11,540 5 year value 19.2% or $2216
So, here is some more information to think about when you go looking for a new car. Good luck!