The latest survey from iSeeCars.com indicates that vehicles that are one year old cost 20.1 percent less on average than new models. Some models fare better, depreciating as little as 5.2 percent while others fare far worse losing 43.4 percent of their value after 365 days.
iSeeCars.com analyzed prices from over 6 million new and used cars sold from August 2019 to January 2020 to determine which cars were best to buy new and which were best to buy used. It identified the top ten cars that have the lowest price differences from their one-year-old used versions of the same vehicle and the cars with the greatest price differences.
No. 5 – Honda Fit
Photo courtesy of American Honda Motor Co., Inc
The small Honda Fit depreciates just $2,111 or 12.5 percent.
No. 5 – Honda Fit
Photo courtesy of American Honda Motor Co., Inc
The small Honda Fit depreciates just $2,111 or 12.5 percent.
No. 5 – Honda Fit
Photo courtesy of American Honda Motor Co., Inc
The small Honda Fit depreciates just $2,111 or 12.5 percent.
No. 5 – Honda Fit
Photo courtesy of American Honda Motor Co., Inc
The small Honda Fit depreciates just $2,111 or 12.5 percent.
No. 5 – Honda Fit
Photo courtesy of American Honda Motor Co., Inc
The small Honda Fit depreciates just $2,111 or 12.5 percent.
No. 4 – Honda Civic Hatchback
Photo courtesy of American Honda Motor Co., Inc
Honda’s second car on the list is sold as a sedan and hatchback. The one-year old Civic hatchback model is priced just 11.9 percent less than a new one, discounted just $2,704.
No. 4 – Honda Civic Hatchback
Photo courtesy of American Honda Motor Co., Inc
Honda’s second car on the list is sold as a sedan and hatchback. The one-year old Civic hatchback model is priced just 11.9 percent less than a new one, discounted just $2,704.
No. 4 – Honda Civic Hatchback
Photo courtesy of American Honda Motor Co., Inc
Honda’s second car on the list is sold as a sedan and hatchback. The one-year old Civic hatchback model is priced just 11.9 percent less than a new one, discounted just $2,704.
No. 4 – Honda Civic Hatchback
Photo courtesy of American Honda Motor Co., Inc
Honda’s second car on the list is sold as a sedan and hatchback. The one-year old Civic hatchback model is priced just 11.9 percent less than a new one, discounted just $2,704.
No. 4 – Honda Civic Hatchback
Photo courtesy of American Honda Motor Co., Inc
Honda’s second car on the list is sold as a sedan and hatchback. The one-year old Civic hatchback model is priced just 11.9 percent less than a new one, discounted just $2,704.
No. 3 – Chevrolet Traverse
Photo courtesy of Chevrolet
Chevy’s three-row crossover is discounted $4,198 when purchased with the wear and tear of a year-old vehicle. That’s just an 11.7 percent discount.
No. 3 – Chevrolet Traverse
Photo courtesy of Chevrolet
Chevy’s three-row crossover is discounted $4,198 when purchased with the wear and tear of a year-old vehicle. That’s just an 11.7 percent discount.
No. 3 – Chevrolet Traverse
Photo courtesy of Chevrolet
Chevy’s three-row crossover is discounted $4,198 when purchased with the wear and tear of a year-old vehicle. That’s just an 11.7 percent discount.
No. 3 – Chevrolet Traverse
Photo courtesy of Chevrolet
Chevy’s three-row crossover is discounted $4,198 when purchased with the wear and tear of a year-old vehicle. That’s just an 11.7 percent discount.
No. 3 – Chevrolet Traverse
Photo courtesy of Chevrolet
Chevy’s three-row crossover is discounted $4,198 when purchased with the wear and tear of a year-old vehicle. That’s just an 11.7 percent discount.
No. 2 – Ford Ranger
Photo courtesy of Ford Motor Company
The Ford Ranger is in demand and its price decreases little when purchased. A one-year old model is $3,716 less than a new Ranger, 11.4 percent less.
No. 2 – Ford Ranger
Photo courtesy of Ford Motor Company
The Ford Ranger is in demand and its price decreases little when purchased. A one-year old model is $3,716 less than a new Ranger, 11.4 percent less.
No. 2 – Ford Ranger
Photo courtesy of Ford Motor Company
The Ford Ranger is in demand and its price decreases little when purchased. A one-year old model is $3,716 less than a new Ranger, 11.4 percent less.
No. 2 – Ford Ranger
Photo courtesy of Ford Motor Company
The Ford Ranger is in demand and its price decreases little when purchased. A one-year old model is $3,716 less than a new Ranger, 11.4 percent less.
No. 2 – Ford Ranger
Photo courtesy of Ford Motor Company
The Ford Ranger is in demand and its price decreases little when purchased. A one-year old model is $3,716 less than a new Ranger, 11.4 percent less.
No. 1 – Tesla Model 3
Photo courtesy of Tesla
The Model 3 depreciates half as quickly as the Ranger, with just a 5.5 percent difference in cost between a new model and a year-old one. That’s just $2,529.
