35 Cars Whose Value Has Significantly Dropped

Published on 01/20/2019
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Chevrolet Camaro

The Chevy Camaro might be sharp and sporty, though it has a depreciation rate of 39 percent after a year of ownership. If you are observant, you might have noticed that this is one of the highest yet. Five years of owning a 2015 unit will cost you around $40k. Its original price is $23.7k, though it loses more than $8k after the first year. The Camaro is similar to the SS, Mustang, or Corvette, in the sense that it is an all-American sports car with lots of fans. Just like these luxury cars, the Camaro also loses its value in the same way.

Chevrolet Camaro

Chevrolet Camaro

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Mitsubishi Lancer

The Mitsubishi Lancer also boasts of a high depreciation rate at 35 percent. This model calls itself an affordable car, though it might be a good idea to compute the costs before you make a decision. For the sake of reference, this car will cost you $4k less than the base model of the Mini Cooper, which we have already discussed. However, when you compare the cost of ownership in the next five years, the Cooper is actually cheaper than the Lancer by $5k. If you are thinking of buying a new unit, don’t forget to keep these numbers in mind.

Mitsubishi Lancer

Mitsubishi Lancer

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