If you want to keep the depreciation low, take good care of it and sell it before the mileage gets too high. You should also factor in how long you plan to use the vehicle. If you plan on driving it for as long as possible, depreciation won't matter. If you want to drive it for a few years and buy another one, ensure you know how much it's worth down the road.
Sometimes, buying a used vehicle will be best for that situation, but make sure the used vehicles you look at are worth the price. Kelley Blue Book. Nerd Wallet. Auto Loans. Lifestyle Advice. Car Insurance. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page.
These choices will be signaled globally to our partners and will not affect browsing data. We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Table of Contents Expand. What Is Depreciation? Best Brand: Toyota. Best Compact Car: Subaru Impreza. Best Midsize Car: Toyota Camry. The Bottom Line. Key Takeaways Depreciation is the decrease in the value of an asset by the length of its useful life.
Depreciation is the single largest cost of owning a car. It accounts for roughly half of your car's total cost of ownership over a five-year period. A vehicle's useful life is affected by factors like the original purchase price, sales tax, gas prices, loan interest rates, insurance premiums, maintenance and repairs, and automaker reputation. Toyota has several vehicles with low depreciation values, leading to higher resale amounts, according to Kelley Blue Book.
Oh, and depreciation is deeply, deeply impressive, too, no doubt partly thanks to the limited numbers the A is being produced in. The Jaguar F-Pace was the manufacturer's first foray into the SUV class, but its second off-roader, the smaller Jaguar E-Pace, can certainly hold its head up high when it comes to predicted trade-in values. The styling may be very much along the lines of a baby F-Pace, but touches like the jaguar cub motif on the base of the windscreen help the E-Pace assert its own character.
Front and four-wheel drive models are offered, while you can get a 2. While the Range Rover Evoque and Land Rover Discovery Sport it once shared a platform with now use an all new architecture, the E-Pace still sits on far older mechanicals and feels somewhat heavy as a result — though it remains an adept cruiser, nonetheless. Another SUV from the Jaguar Land Rover stable, albeit a somewhat more expensive one, the Range Rover Velar launched to great acclaim in , and it still cuts a modern dash on the streets today.
Power comes by way of a range of 2. Another quality that's harder to quantify is the Kodiaq's charm. With handsome looks, a tall stance and a driving position that makes no pretence at offering a car-like slouch, the Kodiaq has character in spades. Dacia eventually got things right the Mk1, but the Mk2 Duster here is a far better-rounded car, offering more modern engines and a significantly upgraded interior. Powerplants range from the frugal three-cylinder of the i, to the brawny six-cylinder of the Mi — though be warned prices, and running costs, increase relatively sharply as the cylinder count grows.
Another fun machine from the BMW stable, the Mini Hatch retains the spirit of the go-kart-like handling offered by the Issigonis Mini of , but updates it for the modern age with greater reliability, much improved crash protection, and higher levels of comfort. As well as being an homage to one of the greatest cars ever made, the modern Mini offers more personalisation options than almost any other car, with the popular Chili pack being offered alongside with colour-coded roofs and wing mirrors, and even 3D-printed personalised dash and body inserts.
The new ish Mercedes A-Class may initially represent an evolution in the styling stakes compared to the car it replaces, but one glance at the sharp-looking front and rear lights leaves you in no doubt the latest model is a seriously modern machine. And while Mercedes may cater for customers after greater road presence and a higher ride height with the GLA, the Audi Q2 is a more modern offering in this class.
Offered with front-wheel drive by default quattro four-wheel drive is an option , the range starts with the hp 30 TFSI 1. According to an iSeeCars. But not all vehicles depreciate equally. For some, particularly luxury sedans, depreciation can be sudden and substantial; for others, like some of our favorite off-roaders and sports coupes, depreciation can be downright glacial.
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