Car Depreciation: Everything You Could Possibly Want To Know

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After spending exactly 3 full days studying car depreciation on different models with a different price range from all around the world, I am ready to show you some numbers. To write this article, I analyzed over 300 different car purchases and their depreciation over time. What are my resources? Well, I went and checked the prices of the vehicles when they were brand new, then I compared those numbers to the prices of the used vehicles that dealerships were selling across the USA. I was stunned at how some dealerships have bigger prices than others, even though they are in the same state. So my first tip will be: Check 5 different dealerships before buying a car.

In this article, you will see what is depreciation, and the depreciation percentage of the top 10 SUVs, Trucks, Sedans and Sports Cars have. How much depreciation do vehicles have:

  • The SUVs lose around 30% of the purchase price in the first 3 years.
  • The Trucks lose around 25% of the purchase price in the first 3 years.
  • The Sedans lose around 32% of the purchase price in the first 3 years.
  • The Sports Cars lose around 40% of the purchase price in the first 3 years.

I am not saying that what I’ve put together is perfect, but if you’re a nerd and just want to know if you are making a good financial decision or not, I really hope this helps.

Before I start, I would like to tell you that I will be using percentages in a lot of examples. So, if I say a 20% depreciation on a car that costs $100,000. That means the car is worth $80,000 now.

Let’s Start Summing Up The Conclusions

Conclusion #1: Buying a brand new car will never make financial sense to me. Ever. This may come as a shock to you, but you can expect to lose around 20% of the total price of the car the minute you drive it off the car salon. Of course, there are a lot of different factors which we will discuss later, but that is the average.

Just to be clear, I don’t think that it’s a stupid decision to buy a new car. It’s just that there are other reasons other than the financial. Many car buyers want to customize their car to their taste, or want that fresh smell on a car and are willing to sacrifice depreciation for that. For some car buyers, they’ve been saving up money for a long period of time to buy their dream car, so its more about the experience than the money. It’s perfectly fine if you have the money to blow.

Conclusion #2: The best deal that you can get is to buy a car that is 5 years old which has seen medium use-don’t be fooled by the ones with fewer miles on it. 3 years is the plateau point at which the depreciation of the first couple years levels off.

I wouldn’t recommend buying a car that has little mileage on it because they could have some problems. Imagine if an older gentleman buys a car and then he runs into some health issues and just keeps the car in storage for 2 years. Not driving your car for 2 years can and will create some serious problems, no matter how old is the car. I had a 96′ Opel that had 200,000+ miles on it and then left it to sit for just 4 months. When I tried to start it, at the first I couldn’t. After trying for 30 minutes I finally did it. But when I went for a ride, that car just didn’t have any power to it. I could barely speed to 50 miles. It seems like the turbine had malfunctioned from sitting for 4 months. You get the point. Do not buy a car that is old 5 years but has only 10,000 miles on it.

Conclusion #3: Car depreciation is tied to the manufacture year and NOT the mileage. Mileage plays a small role when it comes to car depreciation. Why? Because most cars die of failures other than the driving portion. There are Volkswagen and Volvo cars that can run 500,000 miles, but they don’t last that long because of the damage to the body of the car during the years.

Conclusion #4: About 80% of all new car buyers pay significantly more for their cars than they should. Most big car brand manufacturers set the MSRP 30% higher than the realistic purchase price. I failed for this too. When I purchased my 330D BMW, the MSRP was $38,000 and I convinced them to bring it down to $35,000 and I thought I was hot stuff.

I checked cars.com after I bought my car and found out that there were dealerships around the country who were selling the same car brand new for $5,000 less. If I knew this, I would drive to the other state and I would purchase the car there, or I would use the intel that I had and tried to bargain even more with the local dealerships. Next time I will triple check before blowing $5,000.

Conclusion #5: Trucks depreciates slower than cars. Trucks manage to keep their price longer than cars. Trucks not older than 9 years have dropped 1-2% during the last year. The typical drop is anywhere from 10 to 15%. Of course, there are other variables like geographics, but this is good news if you are looking at buying a new or used truck in the future.

Why Do Cars Depreciate So Quickly?

There are a couple of factors why cars depreciate so quickly. The first factor is:

The New Model Factor

You bought a brand new Camaro 2018 which is the latest model. Then, 2020 comes out and Chevrolet comes out with a newer model, with new functions, new features, and the whole nine yard. Suddenly, your car isn’t the last model anymore.

Your New Car Became a Used Car

There are two types of people. The ones that buy a brand new car and then the ones who buy used cars. The moment you drive off with your brand new car, it is no longer new, and the price lowers instantly. Here is a simple infographic to demonstrate this phenomenon:

Those are the reason why your new car is worth 15%-20% less than it was a year ago. In another word, the used car buyers let the new buyers take the hit from depreciation for them. That’s why many millionaires buy a used car.

How To Slow Down Car Depreciation

This is the harsh reality. After you buy a car, the price can only go down. It’s not like buying a land or a painting. The only time when the price of your car will go up, instead of down, is if you buy some very rare car or some limited edition. I am talking about the old timers. If you buy a new car, you won’t be around when that car will become an old timer because it will take around 100 years. Knowing that your car will lose value, you ask yourself: ‘Is there anything I can do about it”? Yes, there is. You can actually slow down the depreciation. Here are some tips:

  1. Choose a vehicle with good quality. If you plan to use your brand new car for a couple of years and then sell it, you want to choose a good quality car which will keep its value over time. Most of the cars lose 20-30% in the first 3 years, but not all of them(see my lists below). There are cars that lose 5% in the first 3 years(Mazda). This car would be ideal for you to buy if you are going to sell it after 3 years. I would not recommend Peugeot because it will lose 52.3% of its original value in the first 3 years.
  2. Don’t over-personalize or customize your vehicle. I think that people buy brand new cars so they can customize them. With every change you make to the car, you are just narrowing down the potential buyers after you decide to sell your car. Repainting your vehicle, your rims, adding custom seats, and unusual colors may look good to you, but many people will not find it appealing. It would be best if you stick to the original look of the car. If you really want to change something on the car, change the rims. This way, if the new owner doesn’t like them, he can change them.
  3. Take care of your car. This is also very important. I have written articles on how to take care of your engine, your interior, and exterior. Why is this important? Well, a great way to reduce the price of your car is to neglect it. What happens when you park your car outsides? There are birds, and those birds go number 2. When they go number 2 on your car, their ‘content’ has acid. If you leave that acid for days, it will damage your paint over time. So, wash your car every 1-2 weeks. Do it at home. Avoid going to the car was because most of the car washes use rough brushes which will damage your car paint(scratch). Enough for the exterior, let’s move to the interior. I think that you should clean the interior first for your health, and then for the sake of the vehicle price. You are going to spend some time in that car. If it’s dirty, it can spike some health issues like allergies or skin problems. Second, if you spill some coffee or if you like eating in your car and you end up with a ketchup all over your seat, make sure to clean it right away. Fluids=mold. It’s that simple. And the most important – take care of your engine. I think that we all know what is the most expensive part of the car. Make sure you change the oil on time(every 5000 miles). Change the fuel, air and oil filters everytime you change your oil. Make sure you have enough coolant and transmission oil.
  4. Keep the mileage as low as possible. This is hard to do. You bought your car to drive it, not to leave it in the garage and drive around in a taxi. What I mean by this is, whenever you can try to avoid driving your car. If the store is 1 mile away, take a walk. It’s healthier for you and for your car. Also, if you are going to visit some relatives 1000 miles away, catch a plane. The lower the mileage, the higher the price.
  5. Use quality gasoline. Bad gasoline will cause you nothing but trouble. Not only you can damage your fuel pump and fuel line overall, you can damage the engine as well. Dirty fuel will overwhelm your fuel filter and after that debris will flow into the engine. If you have a dirty fuel line, I have an article that can help you with that. See it here.
  6. Keep a service card record. I have a service card in my car. Whenever I change the oil, or any part like brakes, filters etc, the mechanic inputs the date when the part has been changed and then he puts his company stamp. Keeping a record will show the new buyer that you took good care of your car.
  7. Stick to the common colors. This may sound a little bit funny, but tell me which color will sale more: Pink or black? I think that 99% will go for the black. Other common colors are white, grey, and silver. Remember what I said about personalizing the vehicle? This is it. Having gender neutral colors like white and black means that both men and women are potential buyers.
  8. Car Warranty. This is different for each country. I cannot tell you what car manufacturers offer in your country, but in mine, there are two options: Mileage and years. When you buy a brand new car, you can choose a 5-year warranty or 60,000 miles. Not sure what the numbers are in your country, but if you are going to drive that car a lot, choose the yearly warranty.

Now that you know more about depreciation and how to slow it down, I would like to present you with a list that I made. Like I said at the beginning of this article, it took me 3 days to complete this research. I came up with the Top 10 bet SUVs, Sedans, Trucks and Sports Car for you. I also calculated the depreciation for the next 10 years on each of the vehicles. Here is my list:

Top 10 Best SUVs And Their Depreciation Percentages

I did a research about which are the best 10 SUVs and then I researched their depreciation for a period of 10 years. For each year I added 10,000 miles.

The winner in this category, the SUV that holds it’s price is Mazda CX-9. In the first 3 years and 30,000 miles, you will lose only 2.51% of the total price.

The SUV that has the highest depreciation is the Peugeot 5008 GT. In the first 3 years and 30,000 miles, you will lose 52.3% of the total price.

After 10 years and 100,000 miles, the Peugeot 5008 GT will lose 80,72% of its total price. In second place is BMW X6M with total 75.63% depreciation. This broke my heart, I BMW X6M is my crush!

Land Rover Discovery Brand New $67,490
Years Miles Deprecation Price
1 10,000 miles 5.33% $63,891
2 20,000 miles 10.73% $60,251
3 30,000 miles 16.18% $56,567
4 40,000 miles 24.49% $50,961
5 50,000 miles 32.99% $45,228
6 60,000 miles 41.7% $39,346
7 70,000 miles 48.06% $35,053
8 80,000 miles 54.58% $30,651
9 90,000 miles 61.3% $26,119
10 100,000 miles 66.12% $22,867

 

Volvo XC90 Brand New $104,900
Years Miles Deprecation Price
1 10,000 miles 7.61% $96,916
2 20,000 miles 15.35% $88,798
3 30,000 miles 23.23% $80,529
4 40,000 miles 30.84% $72,548
5 50,000 miles 38.62% $64,387
6 60,000 miles 46.6% $56,013
7 70,000 miles 52.43% $49,901
8 80,000 miles 58.4% $43,635
9 90,000 miles 64.55% $37,182
10 100,000 miles 68.97% $32,553

 

Skoda Kodiaq Brand New $48,990
Years Miles Deprecation Price
1 10,000 miles 7.9% $45,121
2 20,000 miles 15.93% $41,185
3 30,000 miles 24.13% $37,171
4 40,000 miles 31.64% $33,487
5 50,000 miles 39.33% $29,720
6 60,000 miles 47.22% $25,855
7 70,000 miles 52.98% $23,034
8 80,000 miles 58.89% $20,141
9 90,000 miles 64.97% $17,163
10 100,000 miles 69.33% $15,026

 

Peugeot 5008 GT Brand New $54,490
Years Miles Deprecation Price
1 10,000 miles 16.64% $45,421
2 20,000 miles 33.98% $35,972
3 30,000 miles 52.3% $25,989
4 40,000 miles 57.03% $23,414
5 50,000 miles 61.86% $20,780
6 60,000 miles 66.82% $18,077
7 70,000 miles 70.44% $16,105
8 80,000 miles 74.16% $14,082
9 90,000 miles 77.98% $12,000
10 100,000 miles 80.72% $10,506

 

BMW X6M Brand New $105,100
Years Miles Deprecation Price
1 10,000 miles 12.82% $91,631
2 20,000 miles 26.02% $77,753
3 30,000 miles 39.72% $63,357
4 40,000 miles 45.69% $57,078
5 50,000 miles 51.8% $50,657
6 60,000 miles 58.07% $44,069
7 70,000 miles 62.65% $39,260
8 80,000 miles 67.34% $34,330
9 90,000 miles 72.17% $29,253
10 100,000 miles 75.63% $25,611

 

Porche Cayenne Brand New $150,600
Years Miles Deprecation Price
1 10,000 miles 7.33% $139,568
2 20,000 miles 14.77% $128,359
3 30,000 miles 22.34% $116,951
4 40,000 miles 30.04% $105,360
5 50,000 miles 37.91% $93,508
6 60,000 miles 45.98% $81,347
7 70,000 miles 51.88% $72,470
8 80,000 miles 57.92% $63,370
9 90,000 miles 64.14% $53,999
10 100,000 miles 68.61% $47,276

 

Honda CR-V Brand New $34,150
Years Miles Deprecation Price
1 10,000 miles 5.9% $32,135
2 20,000 miles 11.88% $30,095
3 30,000 miles 17.93% $28,026
4 40,000 miles 26.07% $25,249
5 50,000 miles 34.38% $22,408
6 60,000 miles 42.92% $19,494
7 70,000 miles 49.15% $17,367
8 80,000 miles 55.53% $15,186
9 90,000 miles 62.11% $12,940
10 100,000 miles 66.82% $11,329

 

Mazda CX-9 Brand New $44,315
Years Miles Deprecation Price
1 10,000 miles 0.83% $43,945
2 20,000 miles 1.67% $43,575
3 30,000 miles 2.51% $43,203
4 40,000 miles 12.17% $38,922
5 50,000 miles 22.05% $34,543
6 60,000 miles 32.19% $30,051
7 70,000 miles 39.59% $26,772
8 80,000 miles 47.17% $23,410
9 90,000 miles 54.99% $19,948
10 100,000 miles 60.59% $17,465

 

Mercedes-Benz GLC 43 Brand New $57,245
Years Miles Deprecation Price
1 10,000 miles 13.69% $49,406
2 20,000 miles 27.84% $41,309
3 30,000 miles 42.56% $32,879
4 40,000 miles 48.26% $29,621
5 50,000 miles 54.08% $26,289
6 60,000 miles 60.05% $22,870
7 70,000 miles 64.41% $20,374
8 80,000 miles 68.88% $17,816
9 90,000 miles 73.48% $15,181
10 100,000 miles 76.78% $13,291

 

Audi Q7 Quattro Brand New $53,900
Years Miles Deprecation Price
1 10,000 miles 10.2% $48,402
2 20,000 miles 20.64% $42,777
3 30,000 miles 31.36% $36,999
4 40,000 miles 38.16% $33,332
5 50,000 miles 45.12% $29,582
6 60,000 miles 52.25% $25,735
7 70,000 miles 57.46% $22,927
8 80,000 miles 62.81% $20,048
9 90,000 miles 68.31% $17,083
10 100,000 miles 72.25% $14,956

 

Top 10 Best Sedans And Their Depreciation Percentages

Same like with the truck, below you will see a depreciation for each year. Also, there are 10,000 miles added each year.

The best sedan that holds his price over the years is Toyota Camry. After 3 years and 30,000 miles, there is a 22.34% of depreciation. After 10 years and 100,000 miles, there is a 68.61% of depreciation.

The sedan that has the highest percentage of depreciation is Cadillac CTS. After 3 years and 30,000 miles, it will lose 84.07% of the purchase price. After 10 years and 100,000 miles, it will lose 93.56% of the purchase price. This is probably the worst case out there.

Ford Fusion Brand New $23,090
Years Miles Deprecation Price
1 10,000 miles 9.91% $20,802
2 20,000 miles 20.04% $18,462
3 30,000 miles 30.44% $16,061
4 40,000 miles 37.34% $14,469
5 50,000 miles 44.39% $12,841
6 60,000 miles 51.62% $11,171
7 70,000 miles 56.9% $9,952
8 80,000 miles 62.31% $8,702
9 90,000 miles 67.88% $7,416
10 100,000 miles 71.88% $6,492

 

Honda Accord Brand New $24,460
Years Miles Deprecation Price
1 10,000 miles 9.91% $22,036
2 20,000 miles 20.04% $19,557
3 30,000 miles 30.44% $17,014
4 40,000 miles 37.34% $15,327
5 50,000 miles 44.39% $13,603
6 60,000 miles 51.62% $11,834
7 70,000 miles 56.9% $10,543
8 80,000 miles 62.31% $9,219
9 90,000 miles 67.88% $7,856
10 100,000 miles 71.88% $6,878

 

Hyundai Sonata Brand New $22,935
Years Miles Deprecation Price
1 10,000 miles 10.2% $20,596
2 20,000 miles 20.64% $18,202
3 30,000 miles 31.36% $15,743
4 40,000 miles 38.16% $14,183
5 50,000 miles 45.12% $12,588
6 60,000 miles 52.25% $10,950
7 70,000 miles 57.46% $9,756
8 80,000 miles 62.81% $8,531
9 90,000 miles 68.31% $7,269
10 100,000 miles 72.25% $6,364

 

Mazda 6 Brand New $23,890
Years Miles Deprecation Price
1 10,000 miles 9.05% $21,729
2 20,000 miles 18.28% $19,524
3 30,000 miles 27.72% $17,268
4 40,000 miles 34.88% $15,557
5 50,000 miles 42.21% $13,807
6 60,000 miles 49.72% $12,011
7 70,000 miles 55.21% $10,700
8 80,000 miles 60.83% $9,357
9 90,000 miles 66.63% $7,973
10 100,000 miles 70.78% $6,980

 

Toyota Camry Brad New $24,390
Years Miles Deprecation Price
1 10,000 miles 7.33% $22,603
2 20,000 miles 14.77% $20,788
3 30,000 miles 22.34% $18,940
4 40,000 miles 30.04% $17,063
5 50,000 miles 37.91% $15,144
6 60,000 miles 45.98% $13,174
7 70,000 miles 51.88% $11,737
8 80,000 miles 57.92% $10,263
9 90,000 miles 64.14% $8,745
10 100,000 miles 68.61% $7,656

 

Audi A6 Brand New $50,675
Years Miles Deprecation Price
1 10,000 miles 15.16% $42,991
2 20,000 miles 30.89% $35,020
3 30,000 miles 47.38% $26,664
4 40,000 miles 52.6% $24,021
5 50,000 miles 57.93% $21,319
6 60,000 miles 63.4% $18,546
7 70,000 miles 67.4% $16,523
8 80,000 miles 71.49% $14,448
9 90,000 miles 75.71% $12,311
10 100,000 miles 78.73% $10,779

 

BMW 5 Series Brand New $53,645
Years Miles Deprecation Price
1 10,000 miles 13.4% $46,457
2 20,000 miles 27.23% $39,037
3 30,000 miles 41.61% $31,322
4 40,000 miles 47.4% $28,218
5 50,000 miles 53.32% $25,044
6 60,000 miles 59.39% $21,787
7 70,000 miles 63.82% $19,409
8 80,000 miles 68.36% $16,972
9 90,000 miles 73.04% $14,462
10 100,000 miles 76.4% $12,662

 

Cadillac CTS Brand New $48,485
Years Miles Deprecation Price
1 10,000 miles 25.41% $36,166
2 20,000 miles 52.73% $22,917
3 30,000 miles 84.07% $7,726
4 40,000 miles 85.64% $6,960
5 50,000 miles 87.26% $6,177
6 60,000 miles 88.92% $5,374
7 70,000 miles 90.13% $4,787
8 80,000 miles 91.37% $4,186
9 90,000 miles 92.64% $3,567
10 100,000 miles 93.56% $3,123

 

Lexus GS 300 Brand New $48,300
Years Miles Deprecation Price
1 10,000 miles 10.49% $43,234
2 20,000 miles 21.23% $38,046
3 30,000 miles 32.27% $32,712
4 40,000 miles 38.99% $29,470
5 50,000 miles 45.85% $26,155
6 60,000 miles 52.89% $22,753
7 70,000 miles 58.03% $20,270
8 80,000 miles 63.3% $17,725
9 90,000 miles 68.73% $15,104
10 100,000 miles 72.62% $13,223

 

Mercedes-Benz E-Class Brand New $53,935
Years Miles Deprecation Price
1 10,000 miles 15.75% $45,438
2 20,000 miles 32.13% $36,608
3 30,000 miles 49.34% $27,324
4 40,000 miles 54.36% $24,616
5 50,000 miles 59.49% $21,847
6 60,000 miles 64.76% $19,006
7 70,000 miles 68.61% $16,932
8 80,000 miles 72.55% $14,806
9 90,000 miles 76.61% $12,616
10 100,000 miles 79.52% $11,046

 

Top 10 Best Trucks And Their Depreciation Percentages

Same story as before. I chose the best 10 trucks and calculated the depreciation for the next 10 years. I added 10,000 miles per year. Here are the results:

The best truck that will keep its value over the years is Toyota Tacoma. After 3 years and 30,000 miles, Toyota Tacoma will lose only 22.34% of its purchase price. After 10 years and 100,000 miles, it will lose 68.61%.

The truck with the worst depreciation rate is Chevrolet Colorado. After 3 years and 30,00 miles, it will lose 44.48% of its purchase price. After 10 years and 100,000 miles, it will lose a total of 77.56%, which puts Chevrolet Colorado in the last place.

Ford F-150 Brand New $29,100
Years Miles Deprecation Price
1 10,000 miles 13.99% $25,030
2 20,000 miles 28.45% $20,822
3 30,000 miles 43.52% $16,436
4 40,000 miles 49.12% $14,807
5 50,000 miles 54.84% $13,141
6 60,000 miles 60.71% $11,432
7 70,000 miles 65% $10,185
8 80,000 miles 69.4% $8,906
9 90,000 miles 73.92% $7,589
10 100,000 miles 77.17% $6,644

 

Isuzu D-MAX Brand New $58990
Years Miles Deprecation Price
1 10,000 miles 12.52% $51,603
2 20,000 miles 25.42% $43,997
3 30,000 miles 38.78% $36,116
4 40,000 miles 44.84% $32,537
5 50,000 miles 51.05% $28,877
6 60,000 miles 57.41% $25,121
7 70,000 miles 62.06% $22,380
8 80,000 miles 66.83% $19,570
9 90,000 miles 71.73% $16,676
10 100,000 miles 75.25% $14,600

 

Honda Ridgeline Brand New $34,100
Years Miles Deprecation Price
1 10,000 miles 13.99% $29,331
2 20,000 miles 28.45% $24,400
3 30,000 miles 43.52% $19,260
4 40,000 miles 49.12% $17,351
5 50,000 miles 54.84% $15,399
6 60,000 miles 60.71% $13,396
7 70,000 miles 65% $11,934
8 80,000 miles 69.4% $10,436
9 90,000 miles 73.92% $8,893
10 100,000 miles 77.17% $7,785

 

Toyota Tacoma Brand New $26,195
Years Miles Deprecation Price
1 10,000 miles 7.33% $24,276
2 20,000 miles 14.77% $22,327
3 30,000 miles 22.34% $20,342
4 40,000 miles 30.04% $18,326
5 50,000 miles 37.91% $16,265
6 60,000 miles 45.98% $14,149
7 70,000 miles 51.88% $12,605
8 80,000 miles 57.92% $11,022
9 90,000 miles 64.14% $9,392
10 100,000 miles 68.61% $8,223

 

Dodge RAM 1500 Brand New $28,490
Years Miles Deprecation Price
1 10,000 miles 9.91% $25,666
2 20,000 miles 20.04% $22,779
3 30,000 miles 30.44% $19,817
4 40,000 miles 37.34% $17,853
5 50,000 miles 44.39% $15,844
6 60,000 miles 51.62% $13,784
7 70,000 miles 56.9% $12,280
8 80,000 miles 62.31% $10,738
9 90,000 miles 67.88% $9,150
10 100,000 miles 71.88% $8,011

 

Chevrolet Colorado Brand New $21,195
Years Miles Deprecation Price
1 10,000 miles 14.28% $18,168
2 20,000 miles 29.06% $15,037
3 30,000 miles 44.48% $11,767
4 40,000 miles 49.98% $10,601
5 50,000 miles 55.61% $9,409
6 60,000 miles 61.38% $8,185
7 70,000 miles 65.6% $7,292
8 80,000 miles 69.92% $6,376
9 90,000 miles 74.37% $5,433
10 100,000 miles 77.56% $4,757

 

Chevrolet Silverado 1500 Brand New $29,695
Years Miles Deprecation Price
1 10,000 miles 10.2% $26,666
2 20,000 miles 20.64% $23,567
3 30,000 miles 31.36% $20,384
4 40,000 miles 38.16% $18,363
5 50,000 miles 45.12% $16,298
6 60,000 miles 52.25% $14,178
7 70,000 miles 57.46% $12,631
8 80,000 miles 62.81% $11,045
9 90,000 miles 68.31% $9,412
10 100,000 miles 72.25% $8,240

 

Nissan Titan Brand New $33,335
Years Miles Deprecation Price
1 10,000 miles 10.78% $29,742
2 20,000 miles 21.82% $26,060
3 30,000 miles 33.19% $22,270
4 40,000 miles 39.81% $20,063
5 50,000 miles 46.58% $17,806
6 60,000 miles 53.53% $15,490
7 70,000 miles 58.6% $13,800
8 80,000 miles 63.8% $12,067
9 90,000 miles 69.15% $10,283
10 100,000 miles 72.99% $9,002

 

Land Rover Discovery Brand New $67,490
Years Miles Deprecation Price
1 10,000 miles 13.69% $32,715
2 20,000 miles 27.84% $27,353
3 30,000 miles 42.56% $21,771
4 40,000 miles 48.26% $19,613
5 50,000 miles 54.08% $17,407
6 60,000 miles 60.05% $15,143
7 70,000 miles 64.41% $13,491
8 80,000 miles 68.88% $11,797
9 90,000 miles 73.48% $10,052
10 100,000 miles 76.78% $8,801

 

Ford F-250 Super Duty Brand New $43,275
Years Miles Deprecation Price
1 10,000 miles 8.47% $39,609
2 20,000 miles 17.1% $35,874
3 30,000 miles 25.92% $32,059
4 40,000 miles 33.26% $28,882
5 50,000 miles 40.77% $25,633
6 60,000 miles 48.47% $22,299
7 70,000 miles 54.09% $19,866
8 80,000 miles 59.86% $17,371
9 90,000 miles 65.79% $10,052
10 100,000 miles 70.05% $12,960

Top 10 Best Sports Cars And Their Depreciation Percentages

The following car depreciation for new sports car will be calculated in percentages. For every year there is an average of 10,000 miles added. I took one sports car from each brand and calculated the depreciation for 10 years. This will give you an overview of how each brand sports car depreciates over the years.

The best sports car that holds its price is Lamborghini Gallardo. In the first 3 years and 30,000 miles, there is only a 14.45% of depreciation. After 10 years and 100,000 miles, there is a 65.42% of depreciation.

The sports car that has the highest depreciation is Porche 911. After 3 years and 30,000 miles, you will lose 42.56% of the total price. After 10 years and 100,000 miles, you will lose 76,78% of the total price of purchase.

Porche 911 Brand New – $128,650
Years Miles Deprecation Price
1 10,000 miles 13,69% $111,034
2 20,000 miles 27.84% $92,837
3 30,000 miles 42.56% $73,891
4 40,000 miles 48.26% $66,568
5 50,000 miles 54.08% $59,080
6 60,000 miles 60.05% $51,396
7 70,000 miles 64.41% $45,788
8 80,000 miles 68.88% $40,038
9 90,000 miles 73.48% $34,117
10 100,000 miles 76.78% $29,870

 

Lamborghini Gallardo Brand New $321,632
Years Miles Deprecation Price
1 10,000 miles 4.77% $306,304
2 20,000 miles 9.58% $290,821
3 30,000 miles 14.45% $275,171
4 40,000 miles 22.92% $247,900
5 50,000 miles 31.59% $220,013
6 60,000 miles 40.49% $191,399
7 70,000 miles 46.98% $170,514
8 80,000 miles 53.64% $149,102
9 90,000 miles 60.5% $127,053
10 100,000 miles 65.42% $111,235

 

Ferrari 458 Brand New $262,344
Years Miles Deprecation Price
1 10,000 miles 8.18% $240,874
2 20,000 miles 16.52% $219,013
3 30,000 miles 25.02% $196,707
4 40,000 miles 32.45% $177,212
5 50,000 miles 40.05% $157,277
6 60,000 miles 47.85% $136,822
7 70,000 miles 53.54% $121,892
8 80,000 miles 59.37% $106,586
9 90,000 miles 65.38% $90,824
10 100,000 miles 69.69% $79,517

 

Mercedes AMG GT Brand New $157,000
Years Miles Deprecation Price
1 10,000 miles 9.62% $141,894
2 20,000 miles 19.45% $126,458
3 30,000 miles 29.53% $110,634
4 40,000 miles 36.52% $99,669
5 50,000 miles 43.66% $88,458
6 60,000 miles 50.99% $76,953
7 70,000 miles 56.33% $68,556
8 80,000 miles 61.82% $59,947
9 90,000 miles 67.46% $51,083
10 100,000 miles 71.51% $44,723

 

Bugatti Chiron Brand New $2,290,388
Years Miles Deprecation Price
1 10,000 miles 13.4% $2,596,267
2 20,000 miles 27.23% $2,181,633
3 30,000 miles 41.61% $1,750,472
4 40,000 miles 47.4% $1,576,991
5 50,000 miles 53.32% $1,399,595
6 60,000 miles 59.39% $1,217,569
7 70,000 miles 63.82% $1,084,707
8 80,000 miles 68.36% $948,496
9 90,000 miles 73.04% $808,238
10 100,000 miles 76.4% $707,612

 

Audi R8 V10 Brand New $164,900
Years Miles Deprecation Price
1 10,000 miles 6.18% $154,702
2 20,000 miles 12.45% $144,367
3 30,000 miles 18.81% $133,883
4 40,000 miles 26.86% $120,614
5 50,000 miles 35.08% $107,046
6 60,000 miles 43.53% $93,124
7 70,000 miles 49.69% $82,962
8 80,000 miles 56.01% $72,544
9 90,000 miles 62.51% $61,817
10 100,000 miles 67.18% $54,121

 

BMW i8 Brand New $299,000
Years Miles Deprecation Price
1 10,000 miles 11.94% $263,299
2 20,000 miles 24.21% $226,599
3 30,000 miles 36.9% $188,662
4 40,000 miles 43.16% $169,965
5 50,000 miles 49.55% $150,845
6 60,000 miles 56.11% $131,227
7 70,000 miles 60.9% $116,907
8 80,000 miles 65.81% $102,227
9 90,000 miles 70.87% $87,110
10 100,000 miles 74.49% $76,265

 

Chevrolet Corvette Z06 Brand New $89,535
Years Miles Deprecation Price
1 10,000 miles 9.05% $81,436
2 20,000 miles 18.28% $73,172
3 30,000 miles 27.72% $64,717
4 40,000 miles 34.88% $58,303
5 50,000 miles 42.21% $51,744
6 60,000 miles 49.72% $45,015
7 70,000 miles 55.21% $40,103
8 80,000 miles 60.83% $35,067
9 90,000 miles 66.63% $29,881
10 100,000 miles 70.78% $26,161

 

Lexus RC F Brand New $64,650
Years Miles Deprecation Price
1 10,000 miles 11.94% $56,931
2 20,000 miles 24.21% $48,995
3 30,000 miles 36.9% $40,793
4 40,000 miles 43.16% $36,750
5 50,000 miles 49.55% $32,616
6 60,000 miles 56.11% $28,374
7 70,000 miles 60.9% $25,278
8 80,000 miles 65.81% $22,104
9 90,000 miles 70.87% $18,835
10 100,000 miles 74.49% $16,490

 

Maserati GranTurismo Brand New $136,475
Years Miles Deprecation Price
1 10,000 miles 10.49% $122,160
2 20,000 miles 21.23% $107,501
3 30,000 miles 32.27% $92,429
4 40,000 miles 38.99% $83,269
5 50,000 miles 45.85% $73,902
6 60,000 miles 52.89% $64,291
7 70,000 miles 58.03% $57,275
8 80,000 miles 63.3% $50,083
9 90,000 miles 68.73% $42,677
10 100,000 miles 72.62% $37,364

Should You Buy A New Or Used Car

After carefully reading this article, I think we can both agree that buying a used car is the best financial choice. Don’t get me wrong, if you have a lot of cash, and you really want to customize your brand new vehicle, you can go ahead and buy a new car. But if you just like the model, and you are not interested in customizing that vehicle, buying a 1 to a 3-year-old car can bring down the price for around 30% in almost all vehicles. I have never bought a new car. It’s not that I cannot spend $30,000 on a car, it’s just that with a $30,000 I can buy a much better-used car. Of course, the car will be used, but it will be only used for a one, two, or three years. I have an article on what to look when buying a used car, how to check the motor, the interior, and exterior. You can see it here. 

Also, if you choose to buy a used car, make sure you check it with the OBD Scanner. This little scanner will save you a lot of money. Even if the car is only 1-3 years old, it can have some serious engine problems. Maybe the car was not properly taken care of, maybe the owner didn’t break in the engine properly. You can grab the OBD Scanner here.

Tell me what you think in the comments. Have you ever bought a new car or a used car? Will you look at things differently after reading this article?

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