10 WORST Cars That PLUMMET In Value (And 10 Cars That Hold Their Value Best)
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- Опубликовано: 2 июн 2024
- Top 10 Best and Worst Resale Value cars, SUVs, and trucks that depreciate or hold their value over time. We share the best cars that hold their value and have the best resale value for 2024. We also go through the worst cars to buy with the lowest resale value and high deprecation over time. If you want to know which cars offer the best and worst value that you should avoid buying, watch this video.
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With over a decade of experience as a professional car buyer and auto consultant, Shari Prymak has helped thousands of consumers with their car buying needs. Car Help Corner provides honest, objective, consumer advice with all aspects of car buying and car ownership. For more professional advice, check out Car Help Canada, become a member, and subscribe! 
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Great video! I bought my 2017 Toyota Camry LE with 28k miles in 2020 for $17.990. I have 65k miles on it now. At 7 years old I've only replaced the battery and wipers 😎
How much does it cost to replace the battery?
…still owning/driving my ‘98 Camry XLE V6 with almost 400K miles…original engine and transmission…problem free.
Don't buy a Maserati or BMW, got it. Personal experience, i owned a Nissan Armada, and it was the worst vehicle i have ever owned. Broke down all the time and cost a fortune to fix.
Thanks for that! It's a shame they can't get it right like they have for the Patrol in other countries cause that's an unstoppable vehicle!
Nissan is owned by Renault, so now you know why it was a POS.
Add-on, do not buy any Hyundai or Kia vehicles.
They did f**ed up my engine of 2017 Tucson LTD 1.6T, end up drama I have to push away get back couple thousands. From there, I promise to myself, I and all my friends include my family.
DO NOT BUY ANY HYUNDAI VEHICLES. They have so much trouble of their engine and leak pipe, or broken stuffs under 30k miles, and can lead to serious injury from the fire engine that I am lucky I did not suffer. Not even better, my engine has exploded cylinders under 30k miles for damn cheap spark plugs that led to the whole engine, which made me wait over half a year for stuff during the pandemic If you don't believe me or turn away my pain as a lesson, then you'd feel free to do it.
I SWEAR YOU ARE GOING TO REGRET FOR SURE, 1000%.
Overall, I swear myself F@#$K UP HYUNDAI!!!
I bought a Maserati Ghibli from one of our Board Members. The car is 2017 with 21,000 on the odometer, flawlessly maintained, and I love it! He and his wife have Maserati's, on Quadrapporte, and a Levante.
@@jamesmyers9285 WOW, I didn’t know that Stellantis could build a reliable vehicle
Well, a lot of people don't research cars or think they're very special if they buy or lease BMW's (70 percent of BMW's are leased). Dealt with a very special BMW owner today in the school pickup line. He parked in the middle of the street blocking traffic and looking at his phone.:) I can attest many BMW drivers psychological profiles must be narcissists.
My 3 1/2 year old 2021 Crosstrek Limited was just totaled by the insurance company after an unfortunate accident. They gave me $30k for it and I paid $31k new (I didn't have replacement cost coverage). I was amazed that it only lost about $1k in 3 1/2 years. Waiting for my new Crosstrek Limited to come in.
Not too surprised to hear, but that's amazing for you. Congrats 👏
Great list!
Another great video from Shari. Keep 'em coming! 😊
Great vid. Can't believe how many sport cars retain value when you think of the abuse they potentially receive. I wouldn't buy one used unless it was owned by an old lady myself.
That's because you have to be 70 + to drive one
You don’t have to be a 70+ to own a Camaro!
I'm not surprised with Corolla. I bought a used 3 year old with 19,000 miles for $14,200, and 6 years later got $11,000 for it on trade in with 53,000 miles on it. The dealership sold it for $15,500. It was only $19,900 when it was new.
Amazing. You can't get much better than that.
Love the new Prius!
Great video Shari! Not surprised about Maserati, it's name is more valuable than anything they can put to market. Regarding the 10 best at holding value I was kind of surprised to see Porsche be at the top of the list. But when I got to thinking about it makes sense. These cars are more like showroom vehicles, meaning, they are driven only in the best conditions and meticulously maintained. However, the 7 series BMW that my dentist probably drives is a status symbol that his neighbor maybe impressed by but not his colleagues. Additionally, my dentist is driving that 7 series through snow, sleet, and ice. Probably in a garage, but it is being driven like a real car. Just my opinion. Thanks for all you contribute!
Thank you! The thing with Porsche is they are so hard to get. The 911 usually has a 6-12 month wait and good luck getting a GT3. Most dealers won't give you an allocation unless you already bought 2-3 other Porsches first!
After many years of Fords, Kias and a Hyundai, our current ones are a Toyota and a Subaru. Wanted something reliable with strong resale value, looks like we made good choices.
Another great video. Excellent information.I love your insight and I agree with your conclusions. You do the research. I owned a 2003 Civic EX automatic for 15 years and 180,000 miles, paid $17,000. It lost 85%, but who cares. I paid $26,000, out the door, for a 2021 Corrolla hatchback, XSE, 6 speed manual, silver with a black roof. I put 14,000 miles on it in 33 months. Traded it on a new 2023 Golf GTI 40th anniversary, 6 speed in Urano Gray last September. The VW dealer gave me $25,000 (US) for the Corolla! About 4 percent loss. I did pay MSRP for the GTI. Also got $25,000 trade in for a 2016 4Runner SR5 4WD in silver with 80K miles on a BMW X3 Sdrive 30i. I'll be losing money on the BMW but it sure is a fun ride. I hope the GTI is a winner in a few years, Im betting on it. If I chose all my vehicles based on resale alone it would be boring. I know, I have done such numerous times and will probably do so in the future. I like driving. The Camaro was a surprise, love them and the Mustang. The Camaro, as we know it , is going away. A nice example with a manual will probably be a good investment if one could keep the miles down.
This was so interesting, thank you for sharing your knowledge.
You know, I heard in Norway, where ev's account for around 90% of the new car market, that used ICE vehicle prices have plummeted. Something to keep in mind if the market changes here in the future. With the potential major changes coming in the next 5 years, it may not be a good time to spend a lot of money on a vehicle.
I agree. Buying any new car when the industry is going to be in severe flux and as new technologies emerge is not a great idea. Whether you buy an ICE car or an EV, I would recommend waiting if you can.
Agreed. Keep that old ICE vehicle running for the next 5 years. Then we’re good.
✅
Does Norway have geothermal electric production?
I doubt it, boy.
We'll see in 5-10 years how well these EVs hold up compared to ICE vehicles.
The Corolla is used as a fleet car, and it still makes the top 10. 😮
I saw one report that said that a Porsche Taycan wholesale price is only 50% of its MSRP after ONE year!!!
Thanks for sharing the video.
I have owned Porsche , BMW, Toyota and Lexus .. I believe that depreciation is dependent on the area of the US.. I have lost the most money on my current 22 Lexus RX that I just traded my Porsche Macan for.. Within a few months, I lost about $12K.. the cars I lost the least on was actually the BMW X3.. other than having good reliability and low maintenance. I don’t see any difference with Lexus and the German rivals. I did lose about the same amount on my Porsche Macan trading into the 2022 RX. I can’t believe how much I’ve lost both private party sale and trade. Lexus did not hold its value in my opinion.
The car that has held the best value and is worth almost what I paid for is the 23 Toyota Venza Limited.
I definitely agree hybrids hold their value better.
Sad news. Sorry pal. 😢
Thoughts and actions. 📚 🚗
The high resale value of the Lexus would show when it's over 8 years old. German cars are mostly worthless by that point because everyone is afraid of the crazy repair costs. A Lexus, however, doesn't have that issue. They remain desirable and valuable because of their reliability.
See the Carsthatlast videos for vehicles most likely to go a quarter million miles with few problems. Evidence based, so not including newer vehicles that require more guesses.
A Lexus RX 350 will depreciate 28% after 5 years and have a 5 year resale value of $39,657. The Lexus RX 350 consistently ranks in the Top 5 of luxury vehicles, when it comes to maintaining value, and it continues to do so well into the later years.
Toyota #1. Topgun. 💯 🏆
Honda and Subbie on the podium too.
Wrangler is funny. The worst garbage you can buy yet retains it value better than most vehicles. 🙃
Only a clown who wants to lose a massive amount of money would overpay for a luxury nameplate with crap reliability. 🤡
I’m confused on the use of the word “average” when it comes to the percentage of $ lost. I’ve been driving a ‘22 Civic for just under 2 yrs & KBB says it’s already lost more than 21.5% of its value (or $6450)
What is the average mileage people put on their car each yr?
15k is considered average these days
Don't follow KBB values. They are often way off based on current market conditions.
Today, cars aren't anything like they used to be. The reliability of every car maker including Toyota is going down the drain!
Solid video but the past 5 years Covid pricing was unsustainable so your next update will show similar cars but 5 years resale % will likely be closer to 50-60%+ drop on the worst premium cars, and Porsches will be closer to 35%+ & not the current 10% you cited.
Resale value can also be affected if the manufacturer no longer manufactures replacement parts. The C-HR is discontinued in North America. I wonder how long Toyota will keep making replacement parts for a discontinued vehicle.
Aftermarket
I have a 2011 Honda Civic, and it still runs well.
#RFMvids
With the way things are in flux, I have very little confidence in such videos right now. Right now, the resale value isn't too much of a worry for me if I buy a new car, its reliability and gas mileage as I'll probably hold onto it for 10+ years.
Ty. I now have information to convince my wife to let us get a 911gt3
Good luck!
Honda's recent issues that stand out to me as someone formerly in Honda Sales Mgmt.
1. A/C Condenser failure for 20 yrs. (I had 2 failures in 2 cars)
Honda offers 10 yr replacement warranty.
2. That pesky Gas/Oil Mixing issue. It's uncommon and mostly found in frigid climates. We never saw one in San Diego in several years. My buddy, a Honda Srvice Mgr in Seattle has had only one in all these years. So, l dont see it as pervasive.
3. CVT: l do NOT see as a problem if you drain, measure and replace the Trans Fluid every 30k miles (Honda OEM Fluid ONLY!).
Honda has mitigated the vast majority of of these issues. Honda is not alone in this, seeing as this is direct injection related. As more companies go there, more fuel/oil mixing may become almost ubiquitous.
100% agree 👍
How is the Lexus lc500?
Very good!
What about the Toyota Venza Hybrid?
Very good!
With recent car prices crashing, wonder how up to date this is
No surprise about Nissan Armada and it's Infinity twin - those to were designed with ugly in mind.
Please add timestamps.
Where do the Mazdas fall, especially the Mazda Miata?... I thought the Miata had one of the best resale values on the market.
They are not quite as good as Toyota or Honda, but they are still well above average for resale value.
Whatever you buy, take great care of it and make it last for many years. All cars drop in value a lot as soon as you drive it off the lot.
I sell Toyota's. Yay
No Prius?
I WOULD GET THE 2024 AUDI Q8 E-TRON
Because it wasn't on the list for $74.400
how much I would loose for this one.
Surprised to see EV depreciate that fast. Is it due to fluctuations of lithium price ?(spike in COVID years and now dropped a lot so new EV get a price cut)
Gas prices have been crashing making regular gas cars more desirable
Why surprised? the battery on those cars only last 10-15 years at best. The battery cost 10-20k to replace, a 5 years old tesla is already 40-50% on the way out.
The reason EVs depreciate so much is because of the cost of replacing batteries.
New batteries can cost a major fraction of the new car's cost.
If they need replacing at 10-15 years, the car will probably be scrapped, since the batteries will cost more than the car is worth.
I would say EV is not practical when it comes to long road trips. Not only waiting time for recharging matters, but who knows if you can find a charging station before you run out of juice?
I checked the study and it appears that it cherry picks information. It averages the 5 year depreciation over 5 models - Tesla Model 3, X,S and Nissan Leaf and Chevy Bolt - the Model 3 was close to industry average but a broad statement that EV are worst when you consider all 5. The study even makes it clear there is insufficient data to make a clear conclusion. Devil is in the details.
Buy an impreza new and sell it at 4-5 years old and you only lose 1k a year in depreciation. It gets overlooked by the civic and corolla because it is not popular.
TY for your comment. I am seriously considering an Impreza - not sure about new or used.
Yes! Car Edge has it depreciating only 19% of its value in the first five years.
I never see Volvo in your reviews. Is there reason for this?
Oh I've mentioned them and have done a few!
Luxury cars = bad engines with leather seats lol
This needs 5000 likes lol
Part of the problem with EVs....they have lowered MSRPs in some cases
I wonder how badly Bentleys did.
If you can afford one, who cares?
@@Steve_in_NJ You only have so many hours to live in life, do you really want to spend any of them in a broken down car on the side of the road?
Ideally, buy a new vehicle with a dealer within 25 miles or less for any warranty work, or a used vehicle that local mechanics are used to working on. We test drive several vehicles, and at least 3 times for each one over a few weeks so the plusses and minuses stand out more. Especially seat comfort, steering and braking feel, suspension, noise, shifting, and dash info. Look for a low price and high volume dealer, instead of a high price and low volume thief. Watch out for bait and switch scammers, advertising a low price then adding on more for the off the lot price, or advertising it as a higher trim level to give it a lower price. Google has previous customer comments to look at, just remember that some of comments are likely fake, either biased high or low, because people often have an agenda to add smoke and mirrors and voodoo economics, to borrow from Bush Sr. during a primary against Ronnie Raygun.
The older Toyotas are holding resale value. But newer 2023 and 2024 Toyotas and Lexuses will plummet like a stone and unaffordable all Toyotas and Lexuses
Lease Germans, own Japanese ( Lexus especially ).. Love my Lexus GX 460
You missed the lowest depreciating car of all, the Ford GT.
It can INCREASE in value by more than 100% in the first two years.
Mustang?
🥰Hunk RUclipsr🥰
Porsche gang rise up
Maserata Fiat alfaromayo all the same bad mechanics are cursed
Think suburu paid to be in this count