Top 12 Cars That Depreciate The Least
Car depreciation is of vital importance whether you’re buying or leasing a new auto. If you’re buying, it will let you know your chances of re-selling the car at a good price. If you’re leasing, you’ll be able to count with a higher residual value and, as a result, pay lower monthly payments.
Finding a new car that depreciates little should be one of your priorities. That’s why the BuyingAdvice Team has put together a list of the top 12 cars that keep most of their original value after five years of ownership and with an average of 15,000 miles per year.
If you want to find out how much another vehicle not included in this list depreciates, the Automotive Lease Guide ALG has been a major source for residual values in the US and Canada for over thirty years. You can contact ALG’s Data Services Department at 805-563-0777 ext.105 to become a member, access ALG’s residual guidebook, and calculate a specific car’s residual value. Memberships start from $132 a year. To view a free overall depreciation ranking online, go to alg.com/deprratings.aspx.
We suggest buying a new car that depreciates less and, as a result, has a higher residual value.
However, if the car you need or any similar model has a low residual value, consider buying it used but still in good conditions, such as in the case of certified pre-owned cars. That way at least you’ll avoid the huge chunk of depreciation all new cars suffer the minute you drive them off the lot.
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