One of the main factors to consider when purchasing a vehicle is the depreciation rate. Be sure to look for a car that will retain its value when you drive it from the dealer yard. We usually refer to this as the residual value, the difference between purchase and resale price. The following are some of the cars with slower depreciation rates.
1. Mazda6
Mazda is a great option for individuals looking for a low price tagged car but well-appointed with a smooth ride and stylish look. Mazda has undergone numerous facelifts providing a balance of practicality and class. Mazda6 has been in production for over 20 years.
• New Price: $24,889
• Depreciation: $11,911
• At Year Five: $12,978
• Residual Value: 50.2%
2. Toyota Camry
If you are looking for a car to take you to your destination with ease, reliability, simplicity, then the Toyota Camry must be your option. With several reinventions, this brand has been in the market for around 40 years. It has grown to have a middle-sized classification from a small-sized compact.
• New Price: $25,976
• Depreciation: $12,404
• At Year Five: $13,572
• Residual Value: 50.9%
3. Subaru Legacy
Legacy leads among the mid-sized models, especially with the introduction of the sixth-generation model in 2020. The new redesigned Legacy made it firmly establish itself amongst the leading models in the space.
• New Price: $24,879
• Depreciation: $11,595
• At Year Five: $13,284
• Residual Value: 51.3%
4. Kia Forte
Are you looking to buy a reliable car? The Kia Forte might be your best model. Also, best for the new-entry buyer as it delivers practicality. Forte has established itself among the small-size car category since its sales peaked in 2017. It also delivers enough room, power, and comfort.
• New Price: $17,325
• Depreciation: $7,565
• At Year Five: $9,760
• Residual value: 55.46%
5. Toyota Yaris
By its look, Yaris can appear to be an expensive model. However, it is one of the most economical options. This model is also economical and efficient when moving from one point to your next destination.
• New Price: $17,307
• Depreciation: $7,977
• At Year Five: $9,330
• Residual Value: 51.9%.
6. Honda Accord
Another reliable car with lower interest rates is the Honda Accord. It has been in the market since the 1970s. Although its price and size have grown over the years, it still holds its value and delivers reliability.
• New Price: $26,681
• Depreciation: $12,143
• At Year Five: $14,538
• Residual Value: 52.8%
6. Chevrolet Camaro
Camaro has been on the road for about a half-century providing drivers with reliability while retaining a great residual value. It is one of the stylish and powerful models that impresses many drivers.
• New Price: $33,045
• Depreciation: $13,853
• At Year Five: $19,192
• Residual Value: 56.3%
Generally, understanding the depreciation rate of a particular car brand will help you when you’re buying either a used or a new car. It is therefore important to take your time and look for reliable models with the ability to retain a better residual value.
