Cars depreciate the most within the first year of purchase, but some cars go down in value quicker than others. So, how do you know whether your new ride is going to lose a quarter of its value or more within the first year of you driving it off the lot?
You have come to the right place! We’ve compiled a list of the five cars with the worst depreciation values. We also listed at what percentage rate they will drop those dollar signs in the first year (according to iseecars.com).
Which Vehicles Should I Watch Out For?
You are on the car lot staring down a shiny new ride. It’s beautiful, gleaming, and NEW. Then you just happen to glance over at the “used” car lot. You notice the same car, albeit a little less shiny, sitting over there. Less than a year old and the price tag is significantly less which makes it seem a little shinier. Here are five vehicles that run ragged quicker than you can say “I just bought it a year ago!”
- The FIAT 500L. Although it has the lowest dollar figure loss, the FIAT 500L is first on the list. It will lose $8,096 for a total depreciation rate of -34.6%.
- The Lincoln MKS. With the highest dollar figure loss in the first year, it is easy to see why the Lincoln MKS made second place on the list! Losing $16,039 in the first year gives it a depreciation rate of -34.5%.
- The Volvo S60. Ringing in at number three is the Volvo S60 with a one year value loss total of $14.204 for an approximate depreciation figure of -34.4%.
- The Mercedes Benz C250. With a dollar figure loss of $15,247 and a loss percentage of -34.3 %, the Mercedes Benz C250 is fourth on the list.
- The Kia Cadenza. Last and the least, the Kia Cadenza has a matching depreciation percentage of 34.3% to the Mercedes Benz C250. However, the Kia Cadenza comes in last on our list because the dollar figure lost on this ride is $12,940.
Did your dream car make the list? Do the research on the depreciation rates before you drive a new vehicle off the lot. You could save yourself thousands or tens of thousands by buying slightly used. That’s money saved, or perhaps money used to pimp out your new ride! Are you looking for a car shipping service to meet the needs of your upcoming move? Check out our five –star rated testimonials, and see for yourself why we have been the premier car shipping service since 2008!
Frequently Asked Questions
Honest Answers to Your Car Shipping Questions
Yes, we always ask for your specific pickup and delivery addresses, if the carrier can get right to the addresses you provide, they will. If the addresses that you give us are not safely accessible for a Multi-car carrier, however, you will need to make arrangements with the driver to meet at a nearby location where the carrier can safely get in and out.
People do it all the time (rarely for free) but the official answer is no.
Not what you wanted to hear, we know, but that is the honest answer.
We are not licensed to broker the shipment of household goods and, likewise, no car carrier that operates in the USA is licensed to transport them from state to state either. Despite what you might be being told by other car shipping companies you may speak with.
Remember, at the end of the day we're all salespeople, and the true answer to this question is not a great selling point.
You will hear a lot of companies tell you that you can put up to 100 pounds of items in the trunk, but that is not entirely true. That fact is that items of that amount are fairly common and the department of transportation is probably not going to split hairs and fine the trucker over items of that amount, provided they are not over their weight limit. They could fine them, however, if they see a vehicle stuffed full of personal items so the car carrier will most likely try to negotiate something with you to cover themselves against any costs they could incur. It's not something we can build into your contract though.
We have a short and helpful video on this topic in our user videos.
Only in rare cases and car carriers will usually charge a premium to make it happen.
All dates given by car carriers are typically estimates and projections.
For this reason (and to keep your cost down) we ask that you build in some flexibility and give us the earliest possible date you would be WILLING to release the vehicle, even though it may not be your preferred date.
We'll put you in direct contact with your car carrier and the driver will also typically call you the afternoon or evening before your pick up and delivery (they won't just show up unannounced, and if they do we want to hear about it). However, car carriers are out on the road battling traffic, weather and any number of other factors that can and do throw them off of their pickup and delivery projections from time to time.
If the projected dates we give you come and you are unable to make contact with your carrier, please call our office immediately so that we may help resolve the situation.
The average transit time from pick up to delivery on any vehicle going coast to coast will average 7 to 10 days. From there you can figure your transit time based on how far your vehicle is traveling, i.e. from either coast to the Midwest might average 3-7 days.
Even better, we do not even ask for payment until we have you confirmed for pickup by a safe, reliable, fully insured, direct car carrier. If for any reason you do not ship your car with the carrier that we arrange for you, there is no fee.
The fees paid directly to the carrier however, (in most cases, their fees are not paid until your vehicle is delivered) are not directly controlled by us, so any requests for a refund of the carrier's portion would need to be addressed with the carrier directly.
Of course! And you are always backed by our Damage Free Guarantee policy.
Part of what you pay us for is to verify that the car carrier that we put you on is covered by the proper amount of insurance and that everything is up to date.
There is never any additional cost to you for this coverage, and their insurance is always primary.