Cars That Are Set To Plummet In Value This Year

Published on 01/17/2019
ADVERTISEMENT

Smart ForTwo

While the Smart ForTwo gets a lot of publicity for being a green car, this car loses a lot of value in its first year. It is eco-friendly, however, its benefits seem to end there. Gas mileage is good, but its interior is so small it becomes claustrophobic and cramped. Its two-speed transmission seems to be aggravating for most drivers despite the fact it’s been deemed safe for the compact car. Most buyers prefer a more highly safety-rated, mid-sized car. After just one year, the Smart ForTwo is worth 36% less than its initial price (about $14k).

Smart ForTwo

Smart ForTwo

ADVERTISEMENT

Hyundai Genesis

This car makes it to the top of the list of vehicles that depreciate the quickest and the most. The Hyundai Genesis competes with luxury cars but it’s missing the appeal of an established luxury brand. While its price tag is comparable to ones of Mercedes and Lexus, this car will lose about 38% of its value in just 12 months after purchase. This may be a significant drawback when buying it new, but if you’re looking to buy it used, this could be a benefit. a 1-year-old Genesis can sell for $16k less than a new one – which starts at $52k.

Hyundai Genesis

Hyundai Genesis

ADVERTISEMENT