A new car can lose over half its value within the first three years of ownership. Although this is frustrating for new car owners, it creates an opportunity for used car buyers to get significant savings on a lightly-used model.
As an influx of off-lease vehicles are expected to enter the market this summer, a new study by car search engine iSeeCars.com reveals which 3-year-old used cars depreciate the most to present the best deals for consumers.
Along with national data, iSeeCars examined the highest-depreciating three-year-old cars by metro area since prices vary with location. Here’s the list for Columbus, OH.
|
Best Lightly-Used Car Bargains in Columbus |
||||
|
Rank |
Car |
Avg. 3-Year-Old Used Price |
% 3-Year-Depreciation |
$ Savings Over New Car Price |
|
1 |
Ford Fusion Hybrid |
$18,314 |
60.3% |
$12,042 |
|
2 |
INFINITI Q50 |
$29,372 |
57.6% |
$21,596 |
|
3 |
BMW X3 |
$31,888 |
56.1% |
$24,953 |
|
4 |
INFINITI QX60 |
$31,280 |
56.1% |
$24,496 |
|
5 |
Audi A6 |
$33,288 |
54.8% |
$27,508 |
|
Average for All Vehicles |
39.1% |
|||
In addition to the national and local lists, the comprehensive study examined the highest depreciating cars in the following categories:
-
Car Bargains Under $15,000
-
SUVs
-
Pickup Trucks
-
Electric Vehicles
-
Sports Cars
The full study can be found here.
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