Many car shoppers are of the belief that buying a new car only results in loss of money as the new car depreciates. Although all new cars depreciate, some lose value much faster than others. When you want to find out which cars to avoid, this countdown can definitely help. Our ranking to the ten fastest depreciating cars of 2016 takes a look at the vehicles purchase price, and the value of the car a year later.
The depreciation rate of these cars makes these ten 2016 makes and models to avoid at all costs. Unless you are buying a used car or one at a great bargain price, these cars will result in a loss of value when bought new.
The 500L from Fiat is the fastest depreciating car on our list. According to resale values over 14 million vehicles, the brand new 500L loses the most amount of value over just one year of time.
Price Difference Over The First Year In Dollars: $8,096
Price Difference Percentage: 34.6 %