The most depreciated car -- the car you may not want to buy
Depreciation means that when you drive a new car out of the parking lot, the car immediately loses 20% of its value. Some cars value their value more than others. The most depreciated cars on the car list are often high-end luxury cars or very cheap sub-small cars. However, at these two levels, many models have their value and are always considered reliable and secure.
The real cost of owning a car has many factors. Depreciation is a major factor. Automotive resources use a basic formula to determine their depreciation value, which covers the average five-year ownership of a car. According to a recent survey, the high mileage of a car is the primary factor in its depreciation. Other sources, such as Volkswagen Machinery, mentioned poor quality, poor design, high maintenance costs, and sometimes only the public did not like the car. Do you remember Edsel? Ford Motor Company was born in a marketing blitz, building a complete department around the car. It seems destined to succeed, but it fails. There is nothing wrong with this car. In fact, this is the most advanced technology of the era, but consumers hate it.
Ford is not the only automaker to see the value of one of its models falling on the market. Mazda RX did not achieve its promotional effect, car sales fell. One of the earliest all-electric vehicles, the highly respected Nissan Leaf, caused many drivers to be in trouble due to incorrect power meters. Depreciation is also the result of fierce competition in today's automotive industry.
Today's automotive industry is highly competitive, and cars are redesigned every four to five years. If you see a car in its fourth or fifth year, and the sales are not good, new retail, it often does not maintain its value as well as its competitors.
Experts caution that if you are sure that you will trade your car in five years or less, then you will not buy a car built to serve the team. Ford Taurus is a good example. The aftermarket is everywhere, which has led to a decline in their resale value. Also, don't buy strange colors for drivers who change cars every five years. Choose black, silver, white or dark blue. Pay attention to maintenance and limit mileage. If you plan to keep your car for more than five years, depreciation is not a factor in your purchase decision. The biggest decline in value occurred in the first five years. In ten years, this car has no value. When deciding to buy a new or used car, you must consider all of these factors.
