Half Empty/Half Full
Depreciation is one of a car buyer’s largest long-term expenses, and savvy shoppers look for models that hold onto their value steadfastly to bring in more money at trade-in time. Resale value is especially important to those leasing a car, as monthly payments are largely based on what a vehicle will be worth two or three years down the road.
On the other hand, recent model cars that have already lost a huge chunk of their original values are typically among the best deals in used cars.
Either way you choose to look at it, here’s the list of what a study conducted by the website Carlypso.com determined will be the biggest vehicular value losers for 2016, noting their expected first-year rates of depreciation:
1. Nissan Leaf, -48%
2. Dodge Charger, -45%
3. Mercedes-Benz SL-Class, -41%
4. Chevrolet Camaro, -39%
5. Kia Cadenza, -38%
6. Volkswagen Beetle, -37%
7. Chevrolet Express, -37%
8. Mitsubishi Lancer, -35%
9. Kia Optima, -35%
10. Cadillac CTS, -34%