And if you’re in the market for a new car and want to ensure you get the best resale value down the road, there are certain models you may want to avoid. These five rides, in particular, are known for depreciating quickly and may not hold their value as well as other cars on the market.
The first car to steer clear of if you’re concerned about resale value is the Fiat 500L. This subcompact SUV has been plagued with reliability issues and its lackluster performance doesn’t help its case either. The Fiat 500L depreciates at a much faster rate than its competitors, making it a poor choice if you’re looking to maintain value over time.
Another car to avoid if you’re looking for good resale value is the Mitsubishi Mirage. While this subcompact car may be affordable upfront, its poor build quality and lack of features make it a tough sell on the used car market. The Mirage’s depreciation rate is one of the highest in its class, making it a risky choice if you’re concerned about retaining value.
The Chrysler 200 is also a car to avoid if you’re hoping to get a good resale value. This midsize sedan has had its fair share of reliability issues and its outdated design doesn’t help its case either. The Chrysler 200 depreciates quickly, making it a poor choice for those looking to get a good return on their investment when it comes time to sell.
Another car that may not hold its value well is the Nissan Altima. While the Altima is a popular choice among midsize sedans, its high depreciation rate can make it a risky investment. The Altima’s design is also starting to show its age, which can further hurt its resale value over time.
Lastly, the Chevrolet Impala is another car to avoid if you’re looking to maintain good resale value. This full-size sedan has seen declining sales in recent years, which can negatively impact its resale value. The Impala’s uninspiring design and lack of modern features also contribute to its rapid depreciation rate.
In conclusion, if you’re looking to get the best resale value for your car, it’s important to steer clear of these five models. Opting for vehicles with better reliability, performance, and features can help ensure that you get a good return on your investment when it comes time to sell. Do your research and choose a car that will hold its value well in the long run.