A 2013 Jaguar XJ and a Kia Sedona may not seem to have much in common. And they don’t unless a potential of either car is interested in depreciation value. If that’s the case, don’t buy either. The $76,000 Jaguar and $25,000 Kia have among the worst depreciaton values over a five-year ownership.
At least, that’s the opinion of IntelliChoice, the Campbell, Calif.-based research firm.
In its findings, according to an article on Bankrate.com, logic often rules in the auto industry. Cars in high demand tend to have a high resale value, as do sporty cars, compact cars and the base-line model of a lineup.Large vehicles, midsize cars and minivans tend to lose their value.
Here are five vehicles that lose a lot of value and a suggested a alternative. Manufacturers’ suggested retail prices and five-year depreciation values are listed.
The first list features five cars not to purchase based on depreciation. The second list are recommended alternatives. In some instances, 2012 models are listed because 2013 valued aren’t yet available.
Five Cars Not To Buy (MSRP/5-Year Depreciation)
2012 Kia Sedona LX, $24,900, $17,730
2013 Chevrolet Impala LT, $27,385, $17,983
2012 Jeep Liberty Limited Sport 2WD, $23,395, $15,239
2013 Suzuki Grand Vitara Premium RWD, $22,349, $14,379
2013 Jaguar XJ AWD, $76,700, $52,014
Five Suggested Alternatives
2012 Honda Odyssey $28,375, $14,768
2013 Toyota Camry L 4DR Sedan $22,235, $9,688
2013 Toyota FJ Cruiser 4X2 AT, $26,115, $8,113
2013 Mini Cooper Countryman, $22,000, $10,210
2013 Porsche Panamera, $80,450, $41,988
To read the complete articles, visit: Auto Depreciation