Previous government incentives contribute to the steep depreciation of electric and plug-in hybrid vehicles because their resale value is based off their lower post-incentive sticker price.
Outdated technology also contributes to their dramatic depreciation as well as range anxiety. If this is all a touch surprising, the list of cars that keep their value longest is a touch more predictable.
A touch. Somehow, these cars have a reputation for reliability which surely makes them attractive to second-hand buyers. These are the very cars that Porsche itself admits buyers turn to when they turn in their Porsche Caymans and Boxsters. Because of Jeep's loyal following, their demand outstrips supply in the used car marketplace leading to high resale values.
For at number 6 in the list of very slow depreciators is the very fast Porsche Indeed, the Coupe is the sports car with the best resale value. The whole analysis is worth reading as it delves into the deeper aspects of our lust and our despair. Top Stories. Top Videos. A depreciating asset? Getty Images. Two countries with two different approaches. We also must commend German luxury vehicles for often being the first to introduce new technologies.
Remember back in when BMW introduced something called "iDrive" in its fourth generation 7 Series? No one, and we mean no one, could figure how the hell that damn knob and screen worked.
Sure, one of BMW's systems engineers could easily explain it, but only a fellow engineer would actually get it. Over time, iDrive has been fine-tuned and it's now mostly understandable. The rest of the industry, not only BMW competitors, quickly developed similar systems of their own. Of course the reasons for German luxury vehicle depreciation mentioned above are only a few out of many, but now it's time to list a few specific examples.
First up is the Audi A8. We found a used A8 L 4. But let's go back in time even further. And don't forget this very simple logic: any vehicle with an originally high MSRP will always be expensive to maintain, no matter its age. Of course there have been cases when decades-old German cars suddenly begin to dramatically increase in value. Unfortunately no one can predict whether values like these will appreciate over time or not. Don't hold your breath. So where does this leave you as you stare down that gorgeous new BMW 5 Series the salesman is anxious to cut you a good price on?
Should you go for it? Is buying better than leasing, or vice versa? Remember, once the lease ends you're stuck with nothing. The decision is ultimately up to you and the strength of your bank balance.
But here's a generally good rule of thumb: if you want to spend a small fortune on any vehicle, then you'd better start with a big one. Add first comment. Now Buzzing. Electric Vehicles. What's Hot. Porsche GT3. Car Advice. Why a Car Maintenance Schedule is Important. The more cars there are of a certain model on the market, the more competition there is to sell, so the price decreases greatly.
The first-year depreciation of BMW models is brutal. BMW, being a status symbol, relies on its customers to enjoy the smell of genuine leather in a car, which disappears after the first owner. Moreover, when you lease a car and its warranty is about to end after the 3rd year of ownership you tend to look at how to dispose of it quickly. Many people know this and are unwilling to purchase a second-hand BMW unless it is at a great discount since they will need to pay for the post-warranty repairs.
Being a vehicle of precise engineering, BMWs need proper maintenance and servicing. Owners tend to sell their vehicles right before they show signs of a need for a major service or repair for a reason. After a couple of these sales, the public has now gotten a grasp of the fact that they should be wary of fraudulent BMW sellers.
The most popular BMW models experience common issues like a timing-belt failure, electronics malfunction, and a high-pressure fuel pump, which might result in poor acceleration, and cause your engine to stutter at a higher speed.
This might further damage it or even stop it from turning over at all. BMWs are certainly not for everyone. BMW cars offer sheer driving pleasure, but at the price of quite a bit of repair costs. In the end, the greatly discounted price of a second-hand BMW can end up costing you much more in the form of repairs and ownership costs.
Keep that in mind when purchasing a used BMW. Despite its issues, BMW delivers power and entertainment like no other vehicle, which makes second-hand BMWs a popular choice. Just make sure you find one that has been well-taken care of and if in good condition. The most reliable BMW models you can purchase are the E90 i and i. The s 3 Series BMWs became famous for their almost bulletproof engines that tend to last more than , or even , miles on some occasions.
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