Top 8 Fastest Depreciating Cars
The biggest cost of car ownership isn’t gas, repairs or even adding that amazing sound system. Nope, it’s depreciation, or the car’s decrease in value over time. So which autos depreciate too fast? Are they the most are frequently high-volume, older vehicles. Nope. The winners? Those that are well-designed, well-engineered and are usually in limited supply and high demand, according to Kelley Blue Book, an authority on residual value.Consider three Ford Motor models: the Ford E-Series van and the Ford Crown Victoria and Mercury Grand Marquis sedans — three of the eight new-model cars with the worst predicted depreciation. Take note that these Ford models are also primarily bought in large fleets, by such outfits as police departments and taxi cab companies. The businesses that buy these cars, he said, “tend to have severe duty cycles — high annual mileage, long years in service. So the resale values … don’t really factor into the purchase equation for most.
