Check Out Cars That Are Losing Their Value By The Day!

Chrysler 300
After the Chrysler 300 was first introduced to the market in 2005, it quickly became well-liked. This car is a good example of a luxury model with upgrades and extra features. It is one of the most expensive cars in its class at $40,000.
If you like the 300’s appearance but don’t want to lose nearly half your shirt to depreciation, you should pick a model that is a few years old. You get to keep a little bit more of your money than you would if you purchased it brand-new, and it will continue to run and perform admirably for many years to come.
Buick Regal
The redesigned Buick Regal has had a significant impact on sales of earlier models of the same brand. The Regal was renovated to appeal to younger customers and has starting prices of $39,000. But the price of this push is high.
Older models of the Regal, which are easily found for under $10,000, are the perfect choice if you’re searching for a well-built vehicle that performs well even after a few years on the road. However, stay away from brand-new purchases because they will not benefit you any more.
Fiat 500
Once more, Fiat promises a lot but delivers little. The 500 was created with the intention of serving young families and competing in the small van market, but customers found it to be too crowded and unreliable. As soon as you sign the contract, you begin to suffer from depreciation, which starts at about $20,000.
Even though Fiat is still a strong contender in the small and sporty segment, it may be best to look for a model that is no more than a few years old to ensure you won’t be hit with those declining values and rising repair costs.
Jaguar XF
Jaguar is renowned for producing expensive, opulent cars with all the latest amenities. Jaguar’s leather seats, powerful engine, svelte design, and cutting-edge safety features make it a popular choice for the informed consumer who wants to make a statement.
The Jaguar initially costs $50,000, but as the months and years go on, its value decreases. You can slide into those leather seats in an older model for pennies on the dollar and avoid worrying about depreciation.
Lincoln MKZ
The Mercedes Benz and BMW 3-Series were initially intended to be competitors of the Lincoln MKZ. I’m sorry, Lincoln, but because you were unable to correctly position yourself in the market, you were “outclassed” by your competitors and your resale value declined. A 2019 Lincoln MKZ with all available features and adornments can cost more than $50,000 and start at $35,000 without them.
One benefit of the Lincoln MKZ is its low price; five-year-old models can be had for as little as $15,000. A gently used car can be more cost-effective while still having the same luxurious appearance and feel.
Nissan Maxima
The Maxima performs admirably and has some distinctive features, but the $34,000 starting price makes ownership less alluring. A Nissan Maxima loses value quickly in the first few years, so it would be better to look for an older model.
Many customers start looking for alternatives after experiencing a loss of almost $14,000 in the first three years. Consider looking for a 2017 or earlier Maxima because it continues to run effectively after 100,000 miles.
Kia K900
Kia made the decision to join the luxury bandwagon in an effort to provide a higher-end option to both current and potential customers. They consequently released the K900. Some may consider the $60,000 model to be a bit expensive, but it comes fully loaded and ready to compete with all Mercedes and BMW models.
The svelte sedan loses nearly half of its purchase price in the first two years, making Kia’s foray into the luxury auto market expensive. Don’t worry, you can still find a nearly brand-new Kia K900 for under $30,000 that performs just as well as a new car.
Volkswagen Passat
Despite the fact that the Volkswagen is a very attractive option for families seeking a mid-size sedan with svelte style and a variety of comfort features, the company’s involvement in a scandal involving cheating on emissions tests has significantly decreased its resale value.
New Passats cost about $25,000 when fully equipped, but their value quickly diminishes. You can still purchase an older Passat for about $14,000 with all of the recognizable Volkswagen features and performance, and you can buy with confidence knowing that the company is also addressing the emissions issues.
Audi A8
If you have the money, the Audi A8 is a top-of-the-line luxury vehicle with all the bells and whistles. It’s obvious that an Audi is not going to be for everyone with a starting price of about $83,000, but the driving experience is one to remember.
We regret to inform you that despite its stunning appearance, this car does not hold its value well over time. You could lose more than half of your money within the first five years of ownership. It will be much better for you if you choose an Audi with more miles on it because the standard will still be there without the extra hassle of depreciation.
XTS Cadillac
Why does the shine on Cadillac models fade after they are driven off the lot? Both the XTS and the CTS have the same fate in that they are not cost-effective investments in terms of upkeep and repairs. Despite the fact that both cars are well-built and durable, the starting price of $45,000 is simply too high for the majority of people.
Despite this, there is a devoted following of Cadillac fans; many of them prefer to shop on the used market for a fraction of the price while still getting the benefits of the Cadillac name and the enjoyable and comfortable ride that they can afford. Look for them being sold by private owners or at auction sales to avoid being taken advantage of by a dealership.
Acura ZDX
In 2010, Acura first unveiled the ZDX with the intention of making a significant impact on the crossover market. Thanks to a sporty design and a supremely smooth engine, producers made a valiant effort to keep the ZDX in production until their run ended in 2015.
In the recent past, it appeared that the timing, release, and value of this car’s launch were all completely off. You can find a used example of one of these beautiful cars for around $130,000, so don’t worry, Acura fans. Ouch.
57/67 Maybach
Those of you who are familiar with the Maybach brand shouldn’t be surprised that it made this list. The 57 model cost a pitiful $400,000 at launch. Not to be outdone, the 67’s designers justified the nearly $500,000 required investment as “necessary to improve upon perfection”.
No matter how lavish they may appear to be, these sums, in our opinion, are ridiculous to pay for a vehicle. We who are looking for a stylish car now find a used Maybach selling for around $50,000 to be much more affordable.
SRX Cadillac
With a model that initially seems promising but falls short in terms of overall value, Cadillac makes an appearance on this list once more. This luxury SUV has some finer features, like a 265-horsepower engine and an aerodynamic, fuel-efficient design.
After paying about $40,000 for the SRX, if you plan to keep it for a while, you might just get your money’s worth. If you don’t mind purchasing an older model, you can find the same horsepower and opulent amenities today for less than $15,000.
Chrysler Aspen
One of the main causes of the Chrysler Aspen’s higher price is the fact that it is such a large SUV. With seating for eight people and lots of storage, it is ready for weekend trips or short trips around town.
The Aspen retails for around $40,000 off the lot, but you can consider yourself much luckier if you go and buy one that is a few years old. By purchasing recent models, which are currently selling for around $12,000, you can get all of that space for a small portion of the initial purchase price.
Mercedes CL-Class
Mercedes Benz has a long and illustrious history of creating high-quality luxury vehicles for those who want fine craftsmanship and a little bit of status to go with it. The two-door CL-Class was created with the young and sporty in mind. By concentrating on a different market and grabbing the interest of younger consumers, manufacturers hoped to increase sales.
Most buyers could not justify the $100,000 price tag even with the advertised “room for four” and some of the most opulent features a car could offer. Fortunately, you can get one of these stunning luxury chassis right now for less than $25,000.
5-Series BMW
The BMW 5 Series will set you back a pretty penny when you buy it off the lot, but you get what you pay for. The dependability, beauty, and efficiency of BMW vehicles are what draw many consumers to the brand and inspire them to follow it religiously.
If you can ignore the 18% depreciation you’ll suffer in the first year alone, you might be able to accept a $70,000 asking price. Be prepared to hold onto the deal for a while if you want to make sure you get your money’s worth.
Mercedes-Benz E-Class
Although the E-Class is thought of as the Mercedes Benz line’s pinnacle, it has some financial issues. Despite having a sleek design, German-engineered features, and desirable optional upgrades, it loses nearly half of its value in the first two years after production.
Most car buyers could afford to continue driving an older E-Class model. We could simply argue that the car is brand new and justify the $40,000 sticker price. It’s likely that nobody is actually taking the production year into account.
BMW 3 Series
For those of us who simply cannot afford the 5 or 7 Series, the BMW 3-Series is the best choice. Its $40,000 off-the-lot price may be more affordable to us common folk, but we still can’t bear to lose half our money within the first few years of ownership.
Due to its popularity, this car’s most popular model, the 3 Series, has practically destroyed its resale value. If you absolutely must purchase it, then do so, but keep in mind that you might be waiting for a better deal elsewhere.
Ford Taurus
The affordable price of this mid-size sedan is not the only design flaw it has, as anyone who has driven a Taurus in hot, sweltering conditions can attest to. Despite Henry Ford’s name being on the car, buyers are never impressed.
A $30,000 investment in this one will likely only yield you around $15,000 after you put some miles on it, which is undoubtedly going to be a deal-breaker for many customers. Perhaps it’s time to try something different? I’m sorry, Henry, but this gig is over.