Depreciation hits some cars harder than others. We normally expect luxury cars to be affected the most, and while that's bad news for new-car buyers, it can be a bonus for people looking for a lightly used vehicles. The research group iSeeCars did a study to figure out which cars are the ones you’ll want to buy used in order to use depreciation to your advantage.
Here is a list of the top 10 cars with the greatest difference in new price versus lightly used versions. They are listed in order of percentage lost to make it fair across vehicles that sold at varying price points.
10. BMW 4 Series Coupe
BMW literally introduced us to the modern category of sport coupe decades ago when it introduced the two-door 3 Series. Its reputation for world-class example is hard-earned and it's led the pack ever since.
The coupe might be tempting, but lets mention the 4 Series loses nearly 36 percent of its initial value in the first year. That's a lot right?
9. Mercedes-Benz CLA
Up next is the Mercedes-Benz CLA, which also hails from a premium German automaker. There's an all-new CLA-Class for 2020, so it will be interesting to see if the car's second generation improves on the depreciation front over the first version.
According to iSeeCars, the CLA loses 37% of its original value in the first year.
8. Land Rover Range Rover Evoque
Certainly a beloved British make - with its outstanding silhouette and design, the Evoque wins our hearts at first sight.
But did you know the Evoque loses 37.3% of its value in the first year? With this statistic we might wait a year before getting one.
7. BMW X6
BMW appears often in this list, but look at the X6 - it shows all the characteristics of power. Some buyers just don't want a "used power". It's almost hard to believe it looses 37.7% of its value only in the first year.
6. Chevrolet Camaro Convertible
The Camaro Convertible is an appealing and exotic choice for drivers. Chevy's newest and quickest infotainment system wins over its competitiors, but the lose of 37.8% in the first year will make you think about getting this beast out of the showroom.
5. BMW 3 series
The BMW 3 series is among the top luxury cars. We've seen it through time, design and space – from 1975 to the present. And it wins every generation since it first appeared.
Surprisingly the 3 series makes it to the middle of this list, with 38.2% depreciation.
4. Volvo S90
The Volvo offers great comfort, build quality, and lots of features. It was almost worth the wait - 11 years for Volvo to come up with the new model.
The S90 looses 40.1% of its value during the first year.
3. Jaguar XE
The new Jaguar XE offers amazing look, responsive drive, and solid warranty. But it is not as fast or fuel efficient as its competitors. It is no surprise it looses 40.9% over the first year.
2. Audi A6
The second place is for the Audi A6. The A6 has one of the highest quality interiors among competitiors, and it offers great tech and features. Not to mention the exterior design, which is simply jaw-dropping.
The luxury sedan suffers 41% drop in value.
1. BMW 7 Series
And now the winner of this list (or the biggest loser of all) - the BMW 7 Series. As you've already noticed, few of the German automaker's vehicles have made the list, and, as the most expensive sedan of 'em all, it makes sense that the 7 Series would sit at the top of the depreciation list.
According to iSeeCars, the 7 Series loses 43.4 percent of its value in the first year.
Luxury cars depreciate quickly because most buyers aren’t willing to pay a high premium on a used or dated version of the vehicle. They also have high maintenance and ownership costs, which also impact resale value.
But hey, it is not all bad news If your dream car is in the list – it means you can purchase it nearly new for 60-70% of the price as new.