Are you thinking about buying a new car? Considering how much one will cost is only half of it. A key sticking point for a lot of buyers is how much value the vehicle will lose once it’s driven off the lot. What’s even worse, the car will continue to depreciate in value. Typically the value of a car will lose an additional 10 percent each year.
Don’t purchase a car beyond your means. Yes, a luxurious vehicle may be a fantasy for some, but owning one is risky. Luxurious cars often see the highest levels of depreciation. Some even lose as much as 50 percent of their value in the first couple of years.
Depreciation is often overlooked when people are deciding what car to buy. Even if you’re planning on buying a used car, it’s essential to understand what you are getting into before making a purchase. Here is a list of 50 cars that are rapidly losing their worth and why.
50. Infiniti Q50 3.5h Luxe
With a price tag of £43,450, the Infiniti Q50 3.5h Lux had a price drop of £13,225, retaining only£30,225 of its value. An overall 30.4% plummet in value.
There are a refined executive saloon and a hybrid version of the car. You’ll definitely be set apart from the crowd. It doesn’t matter that this car is a V6, has a top speed of155mph and can go from 0-60 in 5.10 secs. The Q50 is compromised in too many other areas to be recommendable.
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