The average vehicle drops in value by 35% in three years. That seems pretty rough -- if you bought the car new. But it also means a used car shopper can get a car that sold new for $35,000 for just under $23,000 three years later.
But lots of cars depreciate even more than 35%, meaning buyers can get big bargains on late-model vehicles.
Used car search engine iSeeCars.com analyzed more than 4.1 million car sales to identify models with the greatest loss in value after three years -- that's usually when leased cars enter the used market. Based on the iSeeCars analysis, here are the cars and SUVs with the highest depreciation, and the best bang for your buck. We also included minivans and pickups at the end.
(Photo: Ivan Kurmyshov / Shutterstock)
This article was written by a staff member of TheStreet.