High-priced cars, especially luxury cars or SUVs, often experience a significant depreciation after a certain period of use.
Here are some of the cars that tend to depreciate the most:
Cadillac Escalade ESV
According to surveys, the Cadillac Escalade ESV has the highest depreciation rate among SUV models, with a depreciation rate of about 58.5% after 5 years of use. The Escalade ESV has a starting price of approximately $80,090 (1.9 billion VND).
The average difference compared to the manufacturer’s recommended retail price is around $63,885 (1.5 billion VND).
BMW X5
Similar 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, users will lose about $44,828 (over 1 billion VND) compared to the manufacturer’s recommended retail price after a period of use. The 2023 BMW X5 has a starting price of $63,900 (1.5 billion VND).
INFINITI QX80
The INFINITI QX80 is also an SUV model with a relatively high depreciation rate of 58.1%. After 5 years of use, the car’s value will depreciate by about $47,399 (1.5 billion VND) compared to the manufacturer’s recommended retail price.
Currently, the 2023 Infiniti QX80 is priced at around $74,595 (1.8 billion VND). Despite being considered “reasonable” in the segment, the high depreciation rate makes many people hesitate to buy this luxury SUV.
Maserati Levante
After 5 years of use, the Maserati Levante has an average depreciation rate of 57.8%, resulting in a loss of approximately $55,858 (1.3 billion VND) in car value.
The current selling price for this car model is $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 around $41,731 (over 1 billion VND) compared to the manufacturer’s recommended retail price.
Ways to minimize depreciation
TH (Tuoitrethudo)
Who Invented the Car Odometer?
Drivers often see a taxi meter every day, but when asked, “When was it invented? Who invented it?”… not everyone knows the answer.
STORIES ABOUT 3 JAPANESE LUXURY CAR BRANDS (PART 2)
In the 1970s and 1980s, the idea of “luxury Japanese cars” was still unfamiliar to Americans. However, just a decade later, Americans had to change their perception of manufacturers from the “land of the rising sun.”
ZIS-101 – The First Luxury Car of the Soviet Union
Join us on a food journey like no other as we navigate the bustling streets, bustling markets, and bustling stalls of Saigon. Immerse yourself in the sights, sounds, and smells of Vietnam as you taste your way through the city’s culinary delights. Whether you’re a food lover, a history buff, or a curious traveler, our food tours are sure to leave you with a satisfied palate and a deeper appreciation for Vietnamese cuisine.
The Most Expensive Rolls-Royce Models Revealed
If supercars represent power and speed, then Rolls Royce cars are the epitome of luxury, a work of art that can glide on the road and provide the ultimate experience for its occupants.
Rolls-Royce celebrates its brand’s “top-notch” products
Rolls-Royce Motor Cars has added another chapter to its long and illustrious history with the commemorative celebration of the 118th anniversary of the first meeting between its two founders, Henry Royce and Charles Stewart Rolls, at the Midland Hotel in Manchester, United Kingdom in 1904.
