35 Cars Whose Value Has Significantly Dropped

Published on 01/20/2019
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Hyundai Genesis

The Hyundai Genesis has also earned a spot on the list because this car depreciates quickly and significantly. The Genesis is the brand’s attempt to compete with luxury brands. Unfortunately, it simply does not have the brand appeal of established luxury cars even though it has a similar price tag to that of a Mercedes or Lexus. Within the first year, it will already suffer a 38% drop in retail value. You might want to think twice if you plan to buy a new one. People who dream of owning a luxury car can buy a one-year-old Genesis that costs $16k less of the original $52k.

Hyundai Genesis

Hyundai Genesis

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Nissan Leaf

The Nissan Leaf is Nissan’s successful entry to the electric car race, though it has also one of the worst depreciation rates on the list. This might be attributed to the fact that a high number of Leafs are being leased, the tax credit is almost $7.5k, and various incentives from the dealer. All of these hurt the value of the car and people who bought it new will see this when they go to resell it.

Nissan Leaf

Nissan Leaf

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