Looking for a new vehicle? Here are ones that hold their value the longest

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Study: Here are the cars that depreciate the least & most
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Buying a new vehicle is one of the fastest ways to lose money.

That’s the reason money expert Clark Howard favors used cars rather than new ones. “Because when you buy a new car, it loses value the minute you drive off the lot,”  he says. “Let somebody else eat that depreciation and buy used!”

But, not all cars and trucks lose their value at the same rate. That’s something worth considering if you insist on buying new.

Study: Here are the cars that depreciate the least & most

Automotive research site iSeeCars.com has come out with new figures on which vehicles actually retain their value. It’s good information for those who may be interested in selling or trading in their cars or trucks later on.

Analyzing data from more than 4.3 million new and used transactions, the site was able to come up with a list of vehicles that will give you more bang for your buck over the long term.

If you’re a fan of bigger vehicles, you’ll love this: Trucks and SUVs are the biggest winners, meaning they depreciate the least. Meanwhile, the iSeeCars.com study showed that electric vehicles and luxury cars lose the most value over time.

Here are vehicles that keep their value the longest

iSeeCars Top 10 Vehicles With the Lowest Depreciation
Rank Model Average 5-Year Depreciation
1 Jeep Wrangler Unlimited 27.3%
2 Jeep Wrangler 27.3%
3 Toyota Tacoma 29.5%
4 Toyota Tundra 37.1%
5 Nissan Frontier 37.8%
6 Toyota 4Runner 38.1%
7 Chevrolet Silverado 1500 39.7%
8 GMC Sierra 1500 39.9%
9 Subaru Impreza 42.3%
10 Ram Ram Pickup 1500 42.7%
Average for All Vehicles 50.2%

“While the average new vehicle loses 50.2% of its value after five years, there are vehicles that retain more of their value and depreciate less than average,” iSeeCars CEO Phong Ly said in a news release. “For consumers who buy new vehicles and sell them around the five-year mark, choosing a model that retains the most value is a smart economic decision.”

Here are vehicles that lose their value the fastest

iSeeCars Top 10 Vehicles With the Highest Depreciation
Rank Model Average 5-Year Depreciation
1 Nissan Leaf 71.7%
2 Chevrolet Volt 71.2%
3 BMW 7 Series 71.1%
4 Mercedes-Benz S-Class 69.9%
5 Ford Fusion Energi 69.4%
6 BMW 6 Series 68.3%
7 BMW 5 Series 67.3%
8 Mercedes-Benz E-Class 67.2%
9 Jaguar XJL 66.4%
10 Chevrolet Impala 66.2%
Average for All Vehicles 50.2%

Now that you know which vehicles will keep or lose their value the quickest, here’s what you need to know about certified pre-owned vehicles.

More auto-related articles you might enjoy from Clark.com:

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Craig Johnson is a conscious money-saver who still reads paperback books and listens to vinyl. He likes to write about how technology is making things easier and more affordable — but also sometimes more dangerous — for the modern consumer. You can reach Craig at [email protected]
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