Currency
Which cars are falling sharply in price: global rating
When buying a car, drivers usually hope to make a bargain that will be a quality investment. Some models retain a high resale value.
Experts have researched the market and published a rating of cars that lose value very quickly. Those looking for a car with long-term value and the ability to sell it later at a reasonable price should avoid these options.
Hyundai Genesis
The Genesis is a two-door coupe that is part of Hyundai's luxury lineup, and competes with Lexus and Acura in terms of price. But keep in mind that in the first year, the Hyundai Genesis quickly depreciates by 38% of its retail value. If you have already decided to buy this model, you can save money by purchasing it on the secondary market.
Kia Cadenza
The Cadenza is part of Kia's line of pseudo-luxury cars. This massive sedan will not be the best investment because, like the Genesis, it will lose 38% of its value during the first year.
Maserati Ghibli
Some luxury cars also face similar depreciation issues. The Ghibli, a sports sedan from the Italian automaker Maserati, is a high-end luxury car. However, the Ghibli has a significant set of problems, experts say. The high initial price and questionable reliability play a significant role in the rapid loss of the car's value. In five years, the Ghibli will depreciate by 56.3%. This is due to lower-end parts and reliability problems.
BMW 7 Series
Newer models are equipped with impressive technology and luxurious interior trim, but BMW's exorbitant prices and strong competition are quickly driving down resale prices, experts say. The cost of the BMW 7 Series is falling as the automaker continues to produce cars that push the boundaries of modern technology. In five years, the BMW 7 Series will depreciate by more than 50%.
Ford Expedition
This large vehicle is one of Ford's most popular SUVs, but its value will rapidly depreciate over the next five years.
"The Expedition may be a great car for a large family, but the model is not so great at holding its value," U.S. News noted.
There are better SUVs on the market that will save you much more over the years. The average depreciation cost of the Ford Expedition is 50.7% over a five-year period.
GMC Yukon
Another large SUV, the Yukon is a reliable vehicle, but it has high fuel consumption. According to Megazinos.com, the Yukon will have a 33% depreciation in the first year. The car will quickly depreciate due to questionable gasoline consumption.
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