Cars That Depreciate The Fastest

When it comes to the rate at which a vehicle depreciates, it is dependent on a few important factors. Reviews from consumers, mechanics and dealers play a part in determining how quickly a car will lose its value. If the consumer reviews are good, than they vehicles most likely need less work or maintenance, which means that the dealers are selling more. These all decrease the rate at which a vehicle depreciates.

If a car is plagued with mechanical bugs, problems and issues, it loses value very quickly. It also loses value simply because of the self image that consumers see it as. If it's a funny color, or the seats aren't that comfortable, it will not sell for as much as it should. Even the most reliable car can lose value because it doesn't 'look' as cool as other cars. Adding to those two thoughts, if a car has a long repair history and it's a funny color with uncomfortable seats, its depreciation doubles.

On Cars.com they discuss issues regarding the worst resale values of cars, where most of them are on the list due to poor reliability. However, some have made the list because of a bad reputation in the past. Hyundai for instance, has had a horrible reputation in the past and even with its proceeding excellence over the past few years, they still receive bad reviews. With this negative notion on the car, the general public generally will not pay what they are worth. So even the car with the most value in reality, will still not resale for the value it should.

The top 10 cars for Worst depreciation for 2008 are:
*Mazda B2300 p/u - No Performance from engine
*Ford Ranger - Weak Performance
*Suzuki Forenza - Unreliable
*Chevy Colorado - Uncomfortable
*Mitsubishi Endeavor - Poor Off road Capabilities
*Suzuki Reno - Poor Handling
*Dodge Ram - Transmission/interior defects
*Dodge Durango - Uncomfortable/poor handling
*GMC Canyon - Uncomfortable
*Kia Rio - Engine Defects

As you can see, many of these vehicles lost value because they were uncomfortable. This is based on consumer ratings from those who have driven them and reviewed them. When the word spreads about these vehicles, others take notice and depreciation increases, lowering the amount that the car can be resold for.

It is always a good idea to check out reviews and ratings for any used car that you might be thinking about purchasing. If it is cheap, beware because there is usually a reason behind it. So before you purchase a used car, do some research on it before it gives you any trouble.

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