Those who have purchased a car while being fully aware of the reality of car depreciation will tell you that upon driving out of a shop’s property, your vehicle’s worth automatically suffers a 10% market value decrease. One year later and your car loses a further minimum of 10% of its previous worth. The sad reality is that one’s car’s worth will suffer an annual drop in the worth of between 15% – 25%. Five years later and you can expect a 60% decrease in the original cost you paid! The lesson here is investing in the future, and to ensure that you strongly consider whether you want to buy a car from this collection of more than 35 vehicles suffering from sharp resale deficits.
Smart ForTwo
You might want to reconsider whether this “green” car is worth the unsatisfying investment or not. To begin with, space is tight inside the Smart ForTwo, and its two-gear transmission is lower than most cars. For a car its size, it sure has a disappointing safety rating. You can expect a 36% drop in value after owning the Smart ForTwo for a year. This comes to around $14,000! What a waste.
Hyundai Genesis
Not to tarnish Hyundai’s good name, but you should know that they inserted this next entry at a cost which rubs shoulders with luxury brands like Mercedes and Luxury, showing a bit of hubris. The Hyundai Genesis will suffer a value drain of 38% in just one year of usage. This loss will be compounded if you purchased it new from the showroom. Try grabbing this one second-hand if you would like to take a shot at owning a luxury car. If not, you will suffer a $16,000 deficit from the initial $52,000 cost.