ADVERTISEMENT
ADVERTISEMENT

The 10 best used cars you can buy to get the most bang for your buck (F, FCAU, GM)

If you want a good deal on a used Audi, BMW, Cadillac, Mercedes-Benz, Ford, Buick, Chrysler, and Volkswagen, you are in luck.

A BMW 3 Series Sedan.
  • Off-lease
  • On average, new cars depreciated at a rate of 35% after three years.
  • Cars on this list saw their value fall as much as 52%.
  • Brands featured on this list include

Buying a used car has always been a good way to get your hands on an affordable, yet reliable car. For those looking to get into a nice luxury model, buying a used vehicle also allows you to get one on the cheap.

Recently, automotive search engine iSeeCars.com released a study showing which cars offer the best bang for the buck based on depreciation. After all, why lose money on depreciation when you can wait a few years and let the car's first owner take the hit. With the increasing popularity of new car leasing, there is an ever-growing pool of three-year-old used cars coming off lease.

To create the study, iSeeCars.com evaluated more than 4.1 million cars to see which models saw the greatest erosion of value over the first three years of ownership.

ADVERTISEMENT

: .

On average, cars depreciated at a rate of 35% over three years. However, iSeeCars found some models depreciating at a rate of more than 50%.

The search engine created a list of the 10 fastest depreciating models on sale in the US. They range from economy cars like the Volkswagen Jetta to large family SUVs like the Buick Enclave. There is also a selection of luxury cars such as the BMW 5 Series and the Mercedes-Benz E Class.

Here's a closer look at the 10 cars with the highest level of depreciation after three years:

10. Buick Enclave

ADVERTISEMENT

Depreciation: 46.8%

Average three-year-old used price: $26,620

9. Cadillac SRX

ADVERTISEMENT

Depreciation: 47.2%

Average three-year-old used price: $26,291

8. Audi A3

Depreciation: 47.9%

ADVERTISEMENT

Average three-year-old used price: $21,120

7. Volkswagen Jetta

Depreciation: 48.1%

Average three-year-old used price: $13,157

ADVERTISEMENT

6. Chrysler 200

Depreciation: 48.4%

Average three-year-old used price: $14,011

5. Ford Taurus

ADVERTISEMENT

Depreciation: 49.7%

Average three-year-old used price: $18,098

4. BMW 3 Series

ADVERTISEMENT

Depreciation: 49.8%

Average three-year-old used price: $24,024

3. Mercedes-Benz E Class

Depreciation: 49.9%

ADVERTISEMENT

Average three-year-old used price: $34,010

2. Volkswagen Passat

Depreciation: 50.7%

Average three-year-old used price: $14,906

ADVERTISEMENT

1. BMW 5 Series

Depreciation: 52.6%

Average three-year-old used price: $30,846

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Here's everything to know about being a virgin on your wedding night

Here's everything to know about being a virgin on your wedding night

7 do's and don’ts of the Holy month of Ramadan

7 do's and don’ts of the Holy month of Ramadan

Top 5 sweetest celebrity mother-child relationships that stand out for us

Top 5 sweetest celebrity mother-child relationships that stand out for us

International Women's Day: 5 Nigerian female celebrities championing women’s rights

International Women's Day: 5 Nigerian female celebrities championing women’s rights

Top 5 female directors in Nollywood

Top 5 female directors in Nollywood

6 things that will break a Muslim's fast during Ramadan

6 things that will break a Muslim's fast during Ramadan

5 benefits of fasting during Ramadan

5 benefits of fasting during Ramadan

5 reasons Easter was more fun when we were children

5 reasons Easter was more fun when we were children

Dos and don’ts of supporting Muslims during Ramadan

Dos and don’ts of supporting Muslims during Ramadan

ADVERTISEMENT
ADVERTISEMENT