As anyone who's been shocked at trade-in time knows, cars age about as well as prom queens. By the fifth year of ownership, you can expect to have lost 65% of your vehicle's value. That's an average. But some cars lose even more. Right or wrong, a vehicle's reputation precedes it, and it can take years to turn a bad perception around. This is one reason that Kias and Suzukis lose 75% or more of their values by year five. Supply and demand also play a role, and cars that are common to rental fleets, for example, see their values plummet. Finally, transportation needs and tastes change over time. Do you really think your brand new Lincoln Navigator will hold its value five years hence in an era of $4 gas?
"Forbes" looks at 10 cars that lose their value fast. It based its findings on the "Kelly Blue Book." BMW's Mini holds more value on average than just about any other car. The Dodge Durango and the Lincoln Town Car--not so much.
Who made the list? Read after the jump.
In no particular order, the fast-losers are:
- Ford Econoline
- Suzuki Reno
- Chevrolet Uplander
- Suzuki Forenza
- Mercury Grand Marquis
- Suzuki Aerio
- Kia Sedona
- Lincoln Town Car
- Isuzu Ascender
- Dodge Durango
Source: Forbes
