Ten Cars That Lose Value Fast (minivan, buy, sell, price)

[Steve Hazzard]

Some cars just don't age well. Even a great value buy in the new-car market can bomb in the used-car market with low resale values.


Vehicles like the Kia Sedona minivan and Lincoln Town Car look good, perform well and often are purchased new at bargain prices. But take a closer look at them three years later, and their value has decreased at an accelerated rate. By the time a car owner is ready to unload one of these vehicles, the owner is often surprised to learn that the car has lost more than 50% of its value.

Ten-Cars-That-Lose-Value-Fast- Yahoo! Autos Article Page

[sanspeur]

It's never a smart thing to buy a new car in my opinion, but this is good information for used car shoppers....Let see now a 5 year old Kia Sedona at a 74% discount...Sounds like a bargain to me!

[Steve Hazzard]

Originally Posted by sanspeur

It's never a smart thing to buy a new car in my opinion, but this is good information for used car shoppers....Let see now a 5 year old Kia Sedona at a 74% discount...Sounds like a bargain to me!

Ah..., would you want to buy a 5 year old Kia Sedona? I don't think so! At 5 years old, the wheels start falling off this piece of Korean crap!

[southernnaturelover]

Yep, my vehicle is on that list. I have a 2006 Uplander that bought for $15k (below NADA), but I know it was $34k new. Oh well, it's decked out with leather, DVD, and only has 24k miles, so I think I got my moneys worth.

[cpg35223]

I don't understand the point of this article. Cars aren't real estate. They break down.

We don't resell our cars. We buy them and drive them until they finally are towed to the junkyard 12-14 years later.

[FightinPhils]

Originally Posted by sanspeur

It's never a smart thing to buy a new car in my opinion, but this is good information for used car shoppers....Let see now a 5 year old Kia Sedona at a 74% discount...Sounds like a bargain to me!

A bargain? You'll make up the price difference with how often the Kia will be in the shop.

[FightinPhils]

Originally Posted by cpg35223

I don't understand the point of this article. Cars aren't real estate. They break down.

We don't resell our cars. We buy them and drive them until they finally are towed to the junkyard 12-14 years later.

Although some of us would like to some return on our investment when we either try to sell the car outright or trade it in. Personally, while I want my cars to last, I'm not waiting until my car leaves me stranded on the highway to get rid of it and/or putting up with weekly trips to the mechanic.

[sanspeur]

Originally Posted by MrKrabs

A bargain? You'll make up the price difference with how often the Kia will be in the shop.

It was just an example...I wouldn't really buy a Kia, but there are other cars which are rated well, but because of past history loose value quickly, like the Hyundai. 2007 Hyundai Santa Fe Reviews | 2007 New Hyundai Santa Fe Review & Research at Automotive.com

[sanspeur]

We don't resell our cars. We buy them and drive them until they finally are towed to the junkyard 12-14 years later.

Speak for yourself...Why would I wait till my car is a piece of junk? I, like most of us change cars as soon as it starts two bitting me to death, if not sooner...What do I do with it? Why I sell it of course.

[Steve Hazzard]

Originally Posted by sanspeur

It was just an example...I wouldn't really buy a Kia, but there are other cars which are rated well, but because of past history loose value quickly, like the Hyundai. 2007 Hyundai Santa Fe Reviews | 2007 New Hyundai Santa Fe Review & Research at Automotive.com

Another Korean piece of crap!