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CTS Equinox Malibu Near Top of List of High-Depreciation Popular Cars

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#1 Gorehamj

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Posted 12 July 2017 - 12:52 PM

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John Goreham
Contributing Writer, GM-Trucks.com
7-12-2017

The 2014 Chevy Malibu sedan and Equinox crossover are near the top of the list of popular high-depreciation cars in a study done by iSeeCars.com.  The Malibu's depreciation is 1.23-times greater than the average for vehicles in general. The study finds that the average price of a 2014 Malibu is just $14,622, reflecting a 43% depreciation over just three years.  The Equinox is not far behind the Malibu with an average price of just $17,200, reflecting a 41% depreciation over three years. These are cars still under the original GM warranty.

depreciation of popular cars - iseecars july 17.png

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Even more incredible is the deal that shoppers of used Cadillac CTS sedans should expect. After just three years, the CTS is worth less than half its original value. iSeeCars pegs the average 2014 CTS price at just $27,537. That is a whopping 52% depreciation rate reflecting a depreciation that is about one and a half times that of the average vehicle.

depreciation - top cars iseecars 17.png

Silverado and Sierra both hold their value better than the industry average. After three years, they have depreciated roughly 29% compared to the average of about 35%. See the full study at this link.



#2 15HDriver

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Posted 12 July 2017 - 01:15 PM

Wow below average for the big 3 trucks.


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#3 Colossus

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Posted 12 July 2017 - 07:27 PM

When you build crap what do you expect.  They need to step things up big time in terms of reliability and durability.  That is in large part what determines depreciation levels. 


Edited by Colossus, 12 July 2017 - 07:28 PM.


#4 The Zip

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Posted 12 July 2017 - 08:22 PM

When you build crap what do you expect.  They need to step things up big time in terms of reliability and durability.  That is in large part what determines depreciation levels. 

 

Did you read the link, reliability or durability wasn't a factor in depreciation levels.  Most or all of the cars listed have average or better reliability ratings.  First look at the list I thought the cars were pretty decent and in no way associated with quality, but it seems leasing a vehicle is producing the depreciation rate in good cars, which creates a constant influx in 3 yr old vehicles.  I would buy one of these cars if I was in the market, most of the vehicles probably weren’t driven hard based on lease terms. . 


Edited by The Zip, 12 July 2017 - 08:22 PM.


#5 Colossus

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Posted 14 July 2017 - 12:02 AM

And most never had any preventative maintenance done on them, I wouldn't be surprised if oil changes were neglected for starters.  No thank you.  I've learned my lesson I will never buy a used car unless I know who I am buying it from with proof that services were done. 



#6 The Zip

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Posted 14 July 2017 - 10:09 PM

And most never had any preventative maintenance done on them, I wouldn't be surprised if oil changes were neglected for starters. 

 

I never leased a vehicle, but the dealer will be losing out big time if they didn't make preventative maintenance and regular oil changes part of the lease agreement.   



#7 Colossus

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Posted 15 July 2017 - 12:11 AM

That's the thing, most don't require that.  They just "trust" that the Leasee will do the right thing, which most don't.   So don't get a lease return unless you can clearly see via carfax or saved receipts that services were done. 



#8 KARNUT

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Posted 15 July 2017 - 06:25 AM

Easy fix for that if true, offer free service for the length of the lease or require records of service at the end of the lease. Some brands are offering free two-three year service now.

#9 sdeeter19555

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Posted 15 July 2017 - 09:03 AM

When you build crap what do you expect.  They need to step things up big time in terms of reliability and durability.  That is in large part what determines depreciation levels. 

For the Equinox, I would guess it's more supply/demand...ever take notice how many of them are on the road? We didn't notice until we bought one, they have to be one of the most common vehicles on the road today!

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#10 Imcrazy

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Posted 15 July 2017 - 09:22 AM

Leasing is killing some used vehicle values, Silverado's are through the roof expensive in the used market in my area... I have a 2016 that will be off lease in 18 months so I've been looking around and if I don't lease again I am gonna buy mine since it seems the buy out is about 3k under the market plus I've had it from day 1...

 

That's the thing, most don't require that.  They just "trust" that the Leasee will do the right thing, which most don't.   So don't get a lease return unless you can clearly see via carfax or saved receipts that services were done. 

I've leased for my wife for about 10 years and probably always will if I can keep getting 25k+ cars for $250 a month on a sign and drive but, every time I have a turn in inspection the inspector is like damn you take good care of your cars so yeah I think people treat their leases like rentals sometimes.... I figure I never know if I'll keep mine or turn it back in plus I want my cars to be 100% ready to go and I like to have a clean vehicle so maybe I am the exception....


You could set my truck on fire and roll it down a hill but, I still wouldn't trade it for a Coupe Deville.... Or a Japanese truck!


#11 SnakeEyes

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Posted 28 July 2017 - 08:43 PM

The Sonata is not on the list. The new top end models cost more than the Accord. Now look up 3 year old top trim prices. 5-6 k more depreciation.


The list is of the top 20 best selling cars,not the actual best bargains, or biggest depreciation of. It kinda ruins itself

Edited by SnakeEyes, 28 July 2017 - 08:52 PM.

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