I’m proud to own the vehicle with the #2 highest depreciation on the list, and give my thanks to the previous owner who paid almost all of it. (Actually my Model Y seems to have appreciated by $1,000 to $2,000 since I purchased it 18 months ago thanks to the Israel-Iran War.)
If I was shopping for a car today, I’d be looking for a used “high depreciation” vehicle with a reputation for reliability and low maintenance costs.
With the high depreciation, dealers that leased EVs don’t want the end-of-lease cars sitting around on their lots.
Audi is eager to see current lessees of its electric models buy out their vehicles at the end of their terms, and it’s offering some pretty generous incentives to encourage them to do so…
The move may make it a little easier to digest the extraordinary depreciation Audi EVs and other electric models from premium brands continue to experience in the United States and elsewhere.
But the point is that choosing a car with a record of reliability from the “high depreciation” list will save you big money. And Toyotas are probably overpriced at this point.
Not really. Just match the “high depreciation” list against the cars with the highest Consumer Reports ratings. (I remember that there was one super reliable model of the Buick Regal that was manufactured in a German factory that you could only identify by the VIN number – that was a Leprechaun.)
I drove used Nissans for 30 years because they had the same reliability as Toyota and Honda, but depreciated like stones. Of course, it may be different today. There are reliable cars that for whatever reason people don’t buy.
Headlines here in the SF Bay Area that several Tesla dealerships over the last months have had multiple Tesla’s torched, rather spectacular as the batteries tens to sparkle and scatter about…
Well, then there’s that Amazon plane crash in Miami, apparently it barely missed a big lot of unused Tesla robots cars, could have saved having to scrap 'em! Or re-badging them to dodge the vandals! Crazy times…
Since I keep cars around 15-20 years, I don’t care about depreciation value. I only care about durability. I like knowing what exactly has been done to my car and how it has been maintained. It was worked well for me so far. On the other hand, my BIL always buys used cars that are about 3 years old and trades them in when the mileage gets too high. Has been a little bit of a dice roll even though he is buying brand with a good history. Could be a dice roll with a new car. Anyway, the cost of him buying 5 cars over 15 years is about the same as me buying one. To each their own.