There are a lot of great deals out there for car buyers who like to buy slightly used, rather than a brand new car.
The list below takes a look at the span of depreciation between the vehicle's manufacturer's suggested retail price (MSRP) when purchased new and the current wholesale prices the vehicle sold for when going through various used-car auctions.
Consumers may not see as big of savings in their local market as reported on this list. However, if you could just get half of the savings, you'll be way ahead of the game.
The company behind this study is a used car website by the name Carlypso. To compile the list, they compared the 2015 retail sticker prices of the vehicles to their one year sales values at wholesale used car auctions. They tracked over 46,000 transactions on 300 different models to come up with the list below.
The number one vehicle with the worst one year depreciation span is the 2015 Nissan Leaf. One of the best-selling electric cars in 2015, the Leaf, priced new between $29,010 to $35,120 depending on how it's equipped, is eligible for manufacturer discounts, individual dealer discounts, and up to $7,500 in tax credits just like and other new electric vehicle. These types of discounts catch up with a vehicle when it's resold and placed back into the marketplace. Nissan has been actively communicating with its dealers looking into additional strategies to help preserve the Leaf's resale value with its off-lease vehicles.
Before the test, many people in the industry predicted there would only be expensive highline or luxury cars on the list. As you can see, it didn't turn out that way. There's only one high-end luxury car on the list and it's the Mercedes-Benz SL. With a sticker price anywhere between $84,000 and $149,700 new and a 41 percent hit on depreciation, it ended up in third place on the list. The 2015 Cadillac CTS just made it on the list at number ten with a 34 percent depreciation hit also.
There are no full size pickup trucks, sport utility vehicles or crossovers on the list. The only van on the list is the 2015 Chevrolet Express at number seven. The full-size Express van is normally sold as a commercial vehicle, it averages a first year depreciation hit of 37 percent.
When negotiating the price of a new minivan, it’s important to know the dealer invoice price and what other people are paying for the same vehicle in your local area. Otherwise, you won’t know what a good price is to pay for the vehicle.
I highly recommend using an online referral service such as Edmunds Price Promise or TrueCar Guaranteed Savings, their quotes will automatically include any discounts or cash-back incentives currently available.
|Position||Year, Make, and Model of Minivan||Percent of Depreciation|
|1||2015 Nissan Leaf||48%|
|2||2015 Dodge Charger||45%|
|3||2015 Mercedes-Benz SL-Class||41%|
|4||2015 Chevrolet Camaro||39%|
|5||2015 Kia Cadenza||38%|
|6||2015 Volkswagen Beetle||37%|
|7||2015 Chevrolet Express||37%|
|8||2015 Mitsubishi Lancer||35%|
|9||2015 Kia Optima||35%|
|10||2015 Cadillac CTS||34%|
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