John Huh
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 %
One of the fastest depreciating cars over this past year, the Buick Regal kicks off our ranking. When buying a new Buick Regal, you can expect a loss in value that can skyrocket all the up to $10,000 dollars. Here's a breakdown of one of the fastest depreciating cars in 2016 below.
Price Difference Over The First Year In Dollars: $10,117
Price Difference Percentage: 31.2 %
The sporty CTS from Cadillac is a sharp looking machine. However the drop in value is rather steep, especially when you buy a brand new 2016 CTS. As one of the fastest depreciating cars on our list, the CTS is definitely one new car to avoid.
Price Difference Over The First Year In Dollars: $13,351
Price Difference Percentage: 31.8 %
Fiat makes it's first but not last entry on our list of fastest depreciating cars. The diminiutive hatchback loses almost $7,000 dollars over a single year making it one of the worst new cars to buy in 2016.
Price Difference Over The First Year In Dollars: $6,099
Price Percentage: 31.9 %
This spot on our depreciating cars countdown includes both the Lincoln MKZ as well as the MKZ Hybrid. Where the hybrid loses the most amount of value between the two, it depreciates much faster than many other new cars.
Price Difference Over The First Year In Dollars: $14,177
Price Difference Percentage: 33.8 %
The brand new Nissan Maxima is powered by the 3.5 liter VQ35DE engine, and is remarkably smooth as well as refined. However despite the excellence of this Nissan, it's one of the fastest depreciating vehicles on our list. According to our database of over 14 million cars sold in 2016, the Maxima loses almost $13,000 dollars over one year time.
Price Difference Over The First Year In Dollars: $12,469
Price Difference Percentage: 34 %
The luxurious Mercedes-Benz C250 is a high priced machine, and as such loses quite a bit of value over a year of ownership. When buying new, expect to lose around $16,000 dollars over a single year of time.
Price Difference Over The First Year In Dollars: $15,247
Price Difference Percentage: 34.3 %
The South Korean car maker has come a long way, but one area where they have failed is in resale. One such example is the Kia Cadenza, as one of the fastest depreciating cars in 2016.
Price Difference Over The First Year In Dollars: $12,940
Price Difference Percentage: 34.3 %
The Volvo S60 has been hailed since it's redesign over a year ago. Still the 2016 Volvo loses quite a bit of value when bought brand new. You can expect to lose over $14,000 dollars in resale value when you buy the S60 brand new.
Price Difference Over The First Year In Dollars: $14,204
Price Difference Percentage: 34.4 %
The second Lincoln on our list, the MKS loses quite a bit of cash when it comes to brand new car ownership.
Price Difference Over The First Year In Dollars: $16,039
Price Difference Percentage: 34.5 %
John is a freelance writer, mechanic, and engine tuner. He provides content to several websites for SEO optimized websites of all manner.
