Cars with high starting prices often tend to depreciate after a period of use. Typical examples are luxury cars or SUVs.
Below are the cars that tend to depreciate the most:
Cadillac Escalade ESV
According to surveys, the Cadillac Escalade ESV is the SUV model with the highest depreciation rate after 5 years of use, about 58.5%. Currently, the Escalade ESV has a starting price of about $80,090 (approximately 1.9 billion VND).
The average difference compared to the manufacturer’s recommended retail price is about $63,885 (approximately 1.5 billion VND).
BMW X5
Not inferior to the Escalade ESV, the BMW X5 also has a relatively high depreciation rate of 58.2% in the first 5 years of use.
Therefore, after a period of use, users will lose about $44,828 (over 1 billion VND) compared to the manufacturer’s recommended retail price. Currently, the 2023 BMW X5 has a starting price of $63,900 (1.5 billion VND).
INFINITI QX80
INFINITI QX80 is also an SUV model with a relatively high depreciation rate, accounting for 58.1%. Equivalent to after 5 years of use, the value of the car will depreciate about $47,399 (1.5 billion VND) compared to the manufacturer’s recommended retail price.
Currently, the 2023 Infiniti QX80 is priced at about $74,595 (1.8 billion VND). This price is considered quite “reasonable” in the segment. However, such a high depreciation rate makes many people hesitant when choosing to buy this luxury SUV.
Maserati Levante
After 5 years of use, the Maserati Levante has an average depreciation rate of 57.8%, which is equivalent to the user losing about $55,858 (1.3 billion VND) in car value.
Currently, this car model is being sold at a price of $92,200 (2.2 billion VND).
Audi Q7
As a popular luxury car, the Q7 also has a relatively high depreciation rate of about 56.8% in the first 5 years. Therefore, users will lose about $41,731 (over 1 billion VND) compared to the manufacturer’s recommended retail price.
Ways to minimize depreciation
TH (Tuoitrethudo)
