Cars That Have Lost A Lot Of Their Value

Published on 12/16/2018
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Mitsubishi Lancer

The Mitsubishi Lancer made it onto the list as its markdown rate is at 35%. While this model is marketed as an affordable one, it loses a massive percentage of its value in the first year alone. There was a comparison to check the 5-year cost to own ratio between the Lancer and the base Mini Cooper model. While the Lancer’s initial price runs at $17.5k, it costs roughly $4k less than the cooper but costs $5k more in ownership for five years. This point is significant when considering if to buy a new or used Lancer.

Mitsubishi Lancer

Mitsubishi Lancer

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Jaguar XK

Like the Lincoln MKS, the Jaguar XK is now an obsolete model. Now Jaguar replaced the model with the newer F-type model. The previous Jaguar XK models were priced at $84.5k, but over the first year of use, they’ve lost just under 30% of their value, marking down 29.2% in just 12 months. This model is definitely one that is best purchased used.

Jaguar XK

Jaguar XK

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