Three Most Depreciated Cars (And How You Can Take Advantage)
Depreciation rate isn’t just important to those looking to sell cars. Sure, a vehicle’s loss in value is certainly significant, but it’s often not indicative of what the respective vehicle has to offer. If you’re a used car shopper who doesn’t plan on eventually reselling their purchase, depreciation can actually be a positive factor. You may be able to purchase a great used vehicle for an unjustifiable price!
You’ll find these types of vehicles at any dealership, including among the used cars at King’s Automall To get a better idea of the potential deals, check out the three used vehicles with the worst depreciation rates (with some help from PopularMechanics.com)…
BMW 7-Series
This may be one of the most surprising inclusions on this list, as the large sedan offers all of the style and innovative features that you’d expect to accompany one of BMW’s vehicles. Generally regarded as one of the brand’s better-looking nameplates, a brand-new 7-Series Maserati typically comes in around $70,000.
Surprisingly, the handsome sedan doesn’t retain much of its value. As PopularMechanics.com writes, a 2001 740i with more than 160,000 miles on the odometer cost only $4,900. The next generation doesn’t keep its value either, as the website found a 45,000-mile 2005 model that came in at only $20,000. This is an incredible savings from the initial $70,000-plus price tag.
Bentley Arnage
The Bentley is an excellent brand to pursue for a number of different reasons. The brand’s vehicles are stylish and sculpted, meaning you’ll be turning heads as your cruise down the road. The vehicles are also surprisingly powerful, as the common 6.75-liter V8 can pump out more than 600 pounds-feet of torque. Best of all, the vehicle offers an extremely luxurious design, whether you’re focusing on the vehicle’s drivability or the soft interior fabrics.
A Bentley Arnage would most certainly have a six-digit price tag if you’re opting for a new version. The nameplate is typically priced above $200,000, and the most recent Arnage started at around $260,000. This value has dropped to $40,000, and that’s for a 2000 Bentley with only 28,687 miles. If you want to drive in style, why wouldn’t you opt for this luxury vehicle?
Cadillac Escalade
The Escalade used to be one of the best purchases on the used market, but that popularity has dropped a bit over the past few years. PopularMechanics.com attributes that decline to the drop in gas prices, as the fuel-conscious Escalade offered some of the best economy specs in the class. Still, the big and rugged vehicle is an excellent choice.
While these vehicles originally sold for around $80,000, you’ll be able to come across a used vehicle for at least half that price. The website found a 2008 version with only 41,000 miles for $32,000, and a 2007 model with less miles sold for only $22,100!
How You Can Capitalize
If you’re seeking a used vehicle, you’re probably not very concerned with the depreciation value of a vehicle. In this case, you can capitalize on these used rides. As you’ve read, each of the cars is perfectly capable in their own way, and they offer more luxury and amenities than you’d typically find from a used vehicle.
Since you’re planning on riding that vehicle into the ground, there are no disadvantages to pursuing any of these automobiles. Sure, considering most of these cars are generally quite expensive, you’ll have to dish out some extra money for repairs. However, when you consider the brand, nameplate, and insane value, this is one negative attribute you should be willing to tolerate.
As you’ve seen, depreciation often can’t be attributed to any one factor. Often times, it’s not reflective of the vehicle’s abilities. This is when you as a customer swoop in and get an excellent vehicle for an insane price.
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