Ford Expedition, Others Listed As Vehicles With Higher Depreciation Rates

According to GoBankRates, there are six vehicles to watch out for if you want to get higher depreciation from your vehicle.

If there is one thing you hope is that at some point in the future, you can turn your vehicle in on another for a good return. Indeed, recently, vehicles like the Ford Fusion have proven to be strong contenders for those who want to maximize the value they receive for their car, truck, or SUV.

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A car, SUV, or truck may not hold your expected value. Indeed, as GoBankRates found recently, some vehicles you may not expect are losing value more rapidly than expected.

As GoBankRates (GBR) notes, when you are ready to upgrade, you hope “to get a decent chunk of change” when you decide to turn in your “used ride.” However, you don’t always get the best value for your investment.

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As GBR notes, people are “looking for cars with long-lasting value and the ability to sell their” cars later at reasonable prices. There are those vehicles that are trending in the wrong direction. Instead of gaining for their owners, they are losing value quite quickly.

GBR has compiled a list of six vehicles that you may want to give a pass to if you are looking for long-term value.

Indeed, here is a list of those vehicles the publication believes you may not find are not for you.

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Hyundai Genesis

The Genesis is a “two-door coupe and part of” the automaker’s luxury line “with prices rivaling Luxus and Acura.”

Quoting Megazinos.com, GBR warns: “The Hyundai Genesis has a speedy depreciation of 38 percent of its retail value in its first year.”

GBR recommended you “buy this car used, as it will quickly lose value.”

Kia Cadenza

“The Cadenza is part of Kia’s line of pseudo-luxury vehicles. This larger sedan is a better choice when used as, similar to the Genesis; it will lose 38 percent of its value within the first year.”

Maserati Ghibli

With some luxury vehicles facing similar issues with depreciation, it is interesting that the sports sedan from the Italian luxury maker Maserati is one of those vehicles whose depreciation is a problem/ The Ghibli is a “higher-end luxury vehicle” that “comes with its own set of problems, including cheap bits such as window controls.”

Quoting US News this time, the GBR noted the Ghibli has a “stout starting price and questionable reliability.” Both issues play into its rapid loss of value. “Over five years, the Ghibli will depreciate by 56.3 percent.” The reason for this is its “lower-end parts and reliability issues. It may be better to look elsewhere for a luxury car if you’re looking to sell your ride later.”

BMW 7 Series

In an interesting riff on this top-of-the-line vehicle, GBR notes that the luxury vehicle is “continuously competing against itself – something that is the case with the BMW 7 Series.

Again, quoting US News, noted, “Newer models come with dazzling tech and posh cabin finishes, but their exorbitant price tags and strong competition drive their resale prices down quickly.” The 7 Series drops in value as BMW continues to “pump out cars that push the boundaries of today’s technology. Over five years, the BMW 7 Series will depreciate by over 50 percent.”

Ford Expedition

Quoting US News, GBR notes the Expedition may be “one of Ford’s best-selling SUVs,” but it is also one that will “rapidly depreciate over a length of five years.” The publication continued that while the “Expedition may be great at carrying families,” it isn’t very awesome “at holding its value.”

They advise consumers to “look to other SUVs that will take their money much farther over the years. The average depreciation value for the Ford Expedition is 50.7 percent” over five years.

GMC Yukon

The Yukon is another reliable large SUV. Unfortunately, while it is valued as a great family vehicle, “it is also a gas-guzzler.”

The Yukon runs into a depreciation problem within the first year where its depreciation is 33 percent,” GBR says, quoting Magazinos.com. GBR concludes that though it is “reliable and perfect for transporting big families around, it will depreciate quickly because of its questionable gas mileage.”

 Ford Motor Photo

Marc Stern has been an automotive writer since 1971. His automotive articles have appeared in venues including Popular Mechanics, Mechanix Illustrated, AutoWeek, SuperStock, Trailer Life, Old Cars Weekly, Special Interest Autos, and others. You can follow Marc on Twitter or Facebook.