5 FASTEST DEPRECIATING Luxury Cars You Can Buy CHEAP! (DON’T BUY NEW)
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- čas přidán 14. 05. 2024
- Looking for most depreciated, or most rapidly depreciating luxury cars? Look no further, all 5 of these cars have depreciated really fast, and you should never buy them new if you want to save yourself some money!
I hope you enjoy!
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- TheGeordieTiger
- Callum W.
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- Johannes I.
Chapters
Introduction: 00:00
Lexus LS: 00:46
Maserati Ghibli: 02:16
Volvo V90: 03:51
Audi A8: 05:38
Maserati Quattroporte: 07:05
Close: 08:36
Links:
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Music:
Background: My (musically gifted) sister
Attributions/Creative Commons Content:
Lexus LS
• 2021 Lexus LS500 F Spo...
• Deeply Crafted | The L...
• 2019 Lexus LS500H Luxury
• 2018 Lexus LS500 AWD S...
Maserati Ghibli
• 2019 Maserati Ghibli S...
• For Sale: 2019 Maserat...
Volvo V90
• Volvo V90 For Sale Wal...
• Approved Used Volvo V9...
• Volvo V90 Recharge Mod...
• 2018 VOLVO V90 ESTATE ...
Audi A8
• 2019 Audi A8 L 55 quat...
• 2019 Audi A8 L 55 Quat...
• Approved Used Audi A8 ...
• 2017 Audi A8 3.0 TDi B...
• 2017 Audi A8 L 4.0T Sp...
Maserati Quattroporte
• 2018 Maserati Quattrop...
• 2018 Maserati Quattrop... - Auta a dopravní prostředky
I hope you enjoy the video! I’ll be at London Classic Car Show on Sunday 26th of Feb, and the team at LCCS have given my subscribers £5 off tickets using this code: LCCSPR1 - hope to see you there!
You forgot the Mercedes S class - loses 37.5% of it's value in its first year! ....by year 2-3 it loses 60% of its value!
I traded for a 1977 Maserati Bora in 1986. It was valued at that time at about $30,000. It is now valued at about $320,000. It is one of 19 built for that year and has 15,000 miles on it.
Question why? There ist No Bora in this list
As always, well presented, engaging and packed full of useful information!
You know your stuff!
I have a Quattroporte, and it’s been repair free for 9 years, and it still runs perfectly.
Repair free for 9 years ....... that is better than the best of any Japanese car. Really now .....
What year?
I had a 2015 QP 4s I put 52k miles on it from new over 5 years ,not a single mechanical issue ,one of the most reliable cars I've ever owned
2014
You have my favourite car. Lucky person.
And I love the Quattroporte Trofeo...
:(
I have usually bought my cars new. I often buy a late model with a lot of extra features. I like to think that if the car in question was known for being reliable and good value, then it should be a safe bet. I know that a lot of people have a necessity to acquire the very latest model, and that badge kudos is important. As an example, I bought a 56 plate Ford Mondeo Est. (2.2 Titanium x) 15K brand new. I ran it for 9 years and literally never had any problems. I only replaced tyres, brakes, and other unavoidable consumable parts. No exhaust, clutch etc…..90,000 miles on the clock when I traded it in for £3000. It cost me £1300 per year, as well as maintenance.
I decided to purchase a 4 year old Merc CLS 320 Sport. Mint, 50,000. New bushes, front shocks, engine management light continuously on. Great vehicle on its day, but a real disappointment during most of my ownership.
Lexus is the next port of call. I am adamant that German marques are overrated and seem to have been engineered to incur faults, as soon as they are out of the warranty.
Great video...thank you and great explanations.
Thank you for the information on these cars I'm very grateful for it I shall be looking up the Audi A8
In contrast to your series, I ordered a 1973 Monte Carlo, which after I had ordered it became Car of the Year. I kept it for a number of years and it's the only car I sold for more than I bought it!
Thanks JB, another great vid. I think I spot a trend here & that is the majority are diesel! Everybody (except me) are going Electric or hybrid. The main customers of these cars (the main brand ones) are Company cars. Companies want to be seen as going 'green' (?) and supply staff with hybrids. That & many Cities are or will be charging for polluting cars to enter. It makes no sense to me because with electricity prices at the moment going through the roof how much is the saving? Where do they think the electric comes from & if it's a full leccy car, where do you 'top up the battery'? It's OK going for full electric but as a Country we haven't got the infrastructure sorted just yet! All the best......
Well narrated😃. Thank you.
Nice vid ✌🏻
6:55 should be talking about the appreciation of that beautiful Honda NSX my childhood pin-up.
The older style Quattroporte (2004 - 2012?) was way better looking than the newer one in my opinion. Something isn’t quite right with the new shape and I can’t put my finger on it. They should have kept it a bit simpler but mean-looking.
Agreed ! Too fussy now - not “ clean lines “
agreed
Agreed!
I lost the most money when I brought a Escort RS special, had it for 3 years and lost about £4000 in 1998 😭 not sure how much that would be today but I remember it really hurt PS love all your videos and look forward to seeing each one 👍👍
All about timing Steve
If Only we knew
I recently bought a 2011 Audi A8 L for $12,000 with the 4.2 V8 and this car is absolutely amazing, so I'm not at all sorry that they have lost so much value. But I didn't buy it for the resale value and I don't really understand why people do that. Just buy it for the enjoyment you get out of it 🤷
Someone who gets it. 🙌🏽
There's a big market price diff on the V90, here in TX U.S.A. I'm seeing similar examples in the 35-45K USD, far higher than what you showed. I wonder what is the reason for the huge price gap?
Hi JB
Can you do a video on best used mid sized suvs to buy?
I realised there are certain cars if you buy at 4/5 years old, it’ll retain the value pretty much for a few more years, meaning it won’t go down as much, maybe a little.
Which makes it a good buy at the 4th or 5th year then sell it no longer than 2 years later.
The 5 spoke alloys on the A8 look sweet. I owned a ford puma a few years ago. It was fixable, but sold it for 100 quid for scrap.. The same model with same mileage is now worth 3 grand and going up in value.. Gutted.
A Ford puma....???, they're crap
@@andybennett1133 your opinion is crap.
@@jameschamberlain5817 and you're a bell-end
Haha good one. Go back to primary school.
@@jameschamberlain5817 is that where u go now, in drag..?
Love that LS 500
£15K on a BMW 840i bought Nov 2019, sold Sept 2021
damn bruh is this energy from coffee, green tea or something else?
I've never been so stoked in my entire life lol 0:22
The Maserati Quattroporte is a truly gorgeous vehicle. I salivate every time I see one. But you're right, it would be insane to buy it new. I would buy it used and be a very happy owner.
I lived in China for a while, the Audi A8L was very popular with factory owners, very luxurious. Did seem to have expensive service problems though.
The difference is labor for car service is much cheaper in China compared to US, parts are little bit more expensive.
That v90 is an outlier and has 157k on the clock so it’s not a fair comparison. £16k for the momentum with 100k miles is the average.
Love this video. The V90 is a sweet looking ride, and the A8 is also cool. I would buy them if I could. Did anyone else notice that red car at 6:57. That's an NSX right?
Maserati is such a nice looking car, we just need them to produce them to where they're actually somewhat reliable
“ we” ?!!
the ones with the ZF gearboxes are pretty reliable. the ferarri gearboxes are shite and expensive to repair
I'd prob already have a Maserati or Bentley Continental already but I can't be paying £2000 for bloody brake discs
@@johnkelly3772 Nah the £2000 gets discs and pads.... Well on my Levante S front pads and rear discs and pads was £1700 last year
Had a Levante S for nearly 4 years (30k+ miles) and the only failure was a soft close door sensor on day 2 - probably manufactured by Bosch. Other than that I've had Audi's with more issues in a 4 year lifespan....
This report was right on the mark, the only thing I would change is...the Audi A8 should probably be at number five or four in the lineup.
Thank you for the interesting video! Lexus LS looks stunning and along with the A8, it would be the only car I would consider from this list (stay away from a used Italian unless you are a mechanic), and still end up being my ultimate choice for its reliability. Mercedes Benz S introduced in 2014 (W222) has been awful in reliability and does not merit higher resale values than the Audi or Lexus. The older BMWs, including the 7-series, are below average on reliability. A brand that will likely gain a lot of market share from these established luxury brands is Genesis. Its trying to do what Lexus did end of 80s, beginning of 90s.
Didn't buy another Lexus LS was due to the v6,(must have v8,so smooth).
Have been in the church of second hand luxury cars since always. NEVER regretted it.
Lexus holds its value in the US very well
LOL on the Lexus - Long Mile Motors where my mum bought her car 😂
I bought a Jaguar S Type in 2000 for AUD 135,000 (it was fully specked up though) and sold it 5 years later for AUD 45,000. That was a hit. I bought a Ford XR8 the same year and sold it for the same price I paid for it.
I bought a 2011 Toyota Camry in the latter part of 2010 for $26,275. Yesterday (2/22/23) I sold it with 132,000 miles on it for $11,250! Now that is some value that's hard to beat!!!
I don't think I've ever lost money on my own cars.. I bought my first car, MG ZR for 700 and sold it for 900, bought my Rover 620Ti for £600 and sold it about 7 years later for £2000ish from memory and I bought my S14a for £5.5k and I've still got it and it's probably worth in the region of £12-15k depending on the day. I've been lucky with my own cars tbf.
The Maserati Ghibli Is Built On The Chrysler300 Platform. That's Why It Depreciates
Benz S series and BMW 8 series should be on this list way before Lexus. Those are money pits!
Checked out my local Volvo dealer after reading about the V90. Yes it's a lot of car for the money but sadly it's still a Volvo. For similar money and vintage you could also get BMW 5 series touring which could even be the 3 litre six cylinder which is an amazing engine. And a much better car. That's a no brainer. Biggest loss I ever suffered was on a Porsche Macan S diesel, 2017 model. Bought it as an approved used Porsche at 4 years old for £45k with 30k miles. Disliked it intensely in the end so sold it to an auction house 14 months later for £28k. I was offered £25k by the Porsche dealer. Given their alleged desirability and high demand for the diesels (44 mpg vs 25mpg for the equivalent petrol car) I was stunned at how much it lost in only 14 months. I had a 530d M Sport for 6 years and it lost less than that when I sold it. Lesson learned. Stay away from Porsches unless you have very deep pockets and don't mind them being emptied by Porsche dealers for a crap car. Buy a Q5 instead if you want that style.
Surprised he did not mention the BMW 7 series. Those are notorious for stone drop depreciation. One back in 2018 would cost well over $115K CAD. You can easily find one now for under 50K.
I had a chance to get a 2016 Maseratti GranTourismo MC, 1 owner 30k miles for $43,500 US. A speculator got to it before I could raise the money! I'll kick myself as it is one of the best looking tourers in history. Arrrgggg the regret.
The V90 is a great looking car, didn’t realise they’d dropped so low.
The Ghibli seems like an attempt at a “brand saver”, a quick cash injection?
Here is the problem with the Maserati depreciation examples - you chose to highlight diesel variants. Probably they were company cars so there was some incentive to buy an 'economical' diesel or a BIK benefit. If someone is gonna buy a used Maserati then I don't think that a diesel is top of their list - they probably want a 'proper' Maserati sound and decent or stellar performance. V6 or V8 petrol versions will (do) have a very different depreciation. I drove a Levante diesel for a few days when I was in the process of swapping my Audi A6 allroad BiTdi (great car) for a Levante S. The diesel Levante was a real compromise... not enough power, did not sound great (especially after the active sound 'fake' trickery that the BiTdi had) and it was noticeably nose heavy - the diesel engine is 100Kg (if I recall) heavier than the V6 petrol... Fuel economy was just OK but nowhere near what the Audi delivered and the Audi was faster and more powerful. The Levante S is a different story... 430PS, crappy fuel consumption, fast (faster than the allroad - and it's taller and heavier) and it handles really nicely for a tall car. I've been looking at used prices as I'm gonna move the Levante S on soon (nearly 4 years old) and when I look at 2019 cars the diesels are lowest price, then the 350PS V6 petrols and then the S (430PS). - and then the few V8's that arrived late that year (Trofeo / GTS - few and far between). The moral of this story is that if you plan to buy something a bit exotic then think about what a second user might be looking for...
full size saloon sales are almost dead. Same with full size SUVs. Electrifying them might bring them back bc 14MPGs doesn’t cut the mustard.
full size SUV sales are going up, all the manufacturers are making bigger and bigger SUVs to bite into that suburban/expedition market
After 23 years I sold a Mercedes C230 because it was beginning to need repairs such as flex disks, bushings, sensors, coils, and etc. It had 265,000 miles. Annual maintenance averaged $600 US. I believe the 1998 C230 to be at the crest of the Bell curve. Today, super long-term reliability from the new cars, especially Mercedes-Benz, is a thing of the past.
Friends with old Toyota cars and trucks are hanging on to them. But, I'm not hearing anything good about long-term ownership from hybrid owners (batteries are expensive, as are their catalytic converters costing thousands of dollars.).
My electric car cronies tend to trade them much like getting the latest cell phone. So, I'm looking at buying a new Corolla, or something as basic as I can get, and preferably assembled in Japan.
Got a 335d in 2017 paid In total 37k after a buy back on a pcp 40k Miles still valued at 20k
Le
Yea but the current market is crazy and used prices are jacked up almost as much as new prices or even more in some cases, making new cars a more viable option. Esp since newer cars might have better perks and apr rates as well
Explore the number of dealerships & their horrendous costs of service & parts, especially after warranty period.
encore: my sister owns a 2004 Merc S class, and only ever had one major repair, on the differential, costing, at the time, 3000 +. Interior a n d exterior still amazing. Careful owner, though. she bought it new, it is still great value for money. used would have been even more so
Does depreciation of cars vary from US to UK?
I betcha that red NSX in the shot with the Audi A8, didn’t depreciate!
Very good video. Bought a 16 month old BMW 640d for £31 k in 2017 sold for £9k
After 6.75 years . Large drop in £ but not too bad compared to new price
Honestly the Ghibli at 2:49 looks pretty sweet. If someone told me they would sell that car to me for 25k I would write a check on the spot.
with most car manufacturers these days have upto a 2 year wait for your car to be delivered, most now skip the new car thing anyways and buy an older car they can have right away, because of this, these old luxury cars may start going up in value due to demand.
Thanks!
Thanks to you too!
Was kind of expecting this to be a list of cars that are cheap but too expensive to run. Most of these actually seem like properly good buys at these prices. The Maseratis are exceptions, of course, but considering their reputation, anyone buying one probably knows what they're getting into and those should really be compared to other cars that cost the same when new, at which point the running/repair costs don't make up the difference in what you'd pay now so they're a bargain in a way.
Most I've lost on a car is easily the GS450h. Bought for £19k, sold for £11,500 after
Sad to see a car go like the 306! But yes agree re Maserati, a friend’s family has a Ghibli, and honestly it’s not a bad car, not inspiring, but not bad at all - the depreciation actually makes it a decent offer for nearly-new examples that have already taken a massive hit
@@CarsWithJB I'd seriously consider the Ghibli S (the 400hp petrol one) if it wasn't just a bit too big. The GS was the upper limit that fits into the car park at my flat and the Ghibli is just that bit longer with a significantly worse turning circle so I couldn't do it sadly...
The v90 is just a 2.0diesel, with 18k service intervals. But the others I agree.
I bought a 2007 Lexus GS 450h last year for 16thousand low KMs in 2007it toped 175thousand definitely never buy new 👍👍 cheers stevo 🍀🍀
I know someone who had a 1 year old maserati and it was rusting. Recently too.
Great content as usual, thanks :) Maserati, yuk hate them, never understood why anyone would buy one new or for second hand, I have always thought people buy them for the same reason people buy Seats, they simply cannot afford the VW version, in this case they simply cannot afford a Ferrari. The Volvo is really nice but completely spoilt for me with that ridiculous portrait mounted screen in the middle of the dashboard, just looks stupid to me on a personal level, For me out of this offering the A8 wins the day.
So my budget is 10-15k….I’m torn between an S8 or an M6? @JB
The white A8 look so good for its age but the new model are just an incredible drive but I still lean in to the Audi A7 ( I am on my third) which looks great in my opinion and don"t look as old mannish, but I am slow head for the A8 or Q7 models as my old bones need a bit of comfort. 😃
Great videos JB but …. Please slow down! Give us chance to absorb the first fact before moving on to the second, third and fourth before we’ve caught up. 🙏
In the US, the fastest depreciating hyper-luxury car is the least reliable car on the road, the VW/Rolls Royce Silver Wraith. In the first 90 days of ownership, MOST owners get to DRIVE them fewer than 19-22 days, with balance of the 90 days in the dealer's repair shop, usually for MAJOR electrical issues. The last one Car and Driver tested was delivered by tip-up truck to their offices, they got in it drove it less than 3 miles and the main electrical panel under the hood shorted-out, blowing-up BOTH batteries and causing a MAJOR electrical fire requiring the Fire Dept and effectively TOTALLING the car! A $1.3 MILLION dollar car that didn't last 10 minutes! Although Rolls, Maybach and Bentley all use the exact same transmission (and usually the same W-12 engine) the Rolls has a 65% replacement rate on transmissions the first year. The "whispers" in Germany are the VW Muslim workforce is lazy and sabotage cars/trucks on the line. There's more than rumour to that: Brazilian built VW's are four TIMES more reliable than German-built ones. QC in German is so bad, VW won't export the T-7 "Bugle"(Bulge) Westphalia's CampMobile to the US, with it's unique "lay-on-it's-side" 45* narrow V-8 turbo-diesel UNDER the floor, behind the driver/front seat and standard TRUE all-wheel drive, not like a Subaru or other "all-wheel drive" where one wheel must slip for another to "drive", but almost like an INDEPENDANT four-wheel drive system, the TEVIS/ITT/Peugeot system of the 1990's improved.
Luxury cars only have status when they are new. Loosing that status makes them worth much less.
Well, to be honest most of those cars look awfully similar - a trans which has been an ongoing. Thing for the last 30 years. I have owned a few SMWS, which have had individual class & locks, but ultimately very expensive to keep fully maintained. Their coupes were incredibly cool, but by god, those doors were heavy & needed a very wide space to climb out of. My current steed does look different & is incredibly luxurious - who would have thought of a suede headliner? I bought it as second owner and it haas now 49700 miles on the clock. It does not have a fancy super car or even desirable badge. It simply has what it’s it’s original designer described as ‘space grace & pace. It’s an XJ Portfolio of course. I really don’t want anything better - any ( amm now over 70, & 255mph, is not really I will ever achieve Eve! Smashing sound system as well.😊
Hard to believe that the Lexus ls is on your list. I think that the Mercedes s class depreciation is bigger than that of the Lexus ls.
I bought a 6-year-old Mercedes E350c with 70,200 miles for about 27-28% of the original price.
It had been maintenances, detailed, and new tires. Now about 40,000 miles later, other than routine maintenance, I've replaced a frayed cable to one of the front suspensions, replaced both batteries, and better, new tires about 2,000 miles ago.
jaguar x type 2.5 v6 awd , bought approved used , bought for 12 k ,
two years later 5k trade in , im still crying and that was
about 15 years ago .....
how much do you think will the bmw 340i/440i depriciate in the next three years?
I would buy it at around 20k euros
All the cars are cheap because of rubbish reliability. Ok if you can buy new and get warranty. Just try getting spares for Maser. Car hit pothole and was off the road for more than a year waiting for them to make the parts which they do in batches. At least that was the excuse.
I lost 4000 eur when selling a car I bought for 8000 eur a year earlier...well, what can I say...
Loss - Bought Kia Venga 2015 for 8k had for two years and sold for £3.5k :(
Ive never paid more than £12k for a car, never lost more than £8k during ownership.
Mind you a mate of mine never pays more than £1k and generally runs them till scrapping.
The UK must have different depreciation rates than the United States. In the US the BMW 7 series drops very fast as does the Mercedes S class....and yes the Audi A8 is right there as well
The Lexus LS, on the other hand holds value much better than the Germans. In fact after 5 years of age the Lexus LS and the Mercedes S class are about the same price in the used car market
Lexus did much better in the states, UK is a very German car focused country
Didn't realise the V90 was quite that cheap TBH
GM should stop paying their President $28,000,000 per year salary and buy Maserati to spark up its offerings.
Maserati is good for that price
BMW 7 series drops fast too
The Audi a8 and a6 will be parts cars for the junk yard at about the 5 yr mark. Don't ask me how I know.
These cars depreciate terribly because they are endless money pits.
Most Lexus sell at a premium at any age in my US state due to their low long term ownership costs and reliability.
Used German and euro cars are steeply discounted because people are finally getting wise to all that can go wrong, the inevitable sticker shock when it does, and what a pain it is to live at the service center.
In general European luxury cars at 5 years old can turn into money pits. Lexus is the best buy as if properly serviced they will last for a very long time.
I bought my 6 series for 25K!! Fully loaded with m sport package and aerodynamic package such a underrated beast
Where ??
I would pick the Lexus over any other car in the video. At least the Lexus is built with high quality standards, the other cars are money pits once warranty is out and the Chrysler Ghibli is just an outright shame. Besides, if you buy the Lex new, why sell it? These cars are meant to go a long way. Keep it!
The masserati is dumpster fire of a car. I know two owners who suffered from ownership, the depreciation is a result poor quality when it comes to everyday usage. I could list numerous issues these cars suffer from. Leasing one is the way to go, not purchasing. If they would extend warrants and ensure the build quality and parts then depreciation would not be such an issue. I still love them, but I could not buy one just on my knowledge of other owners issues.
What this means is that you should be a certified, pre-owned luxury vehicle and benefit from this depreciation
regardless of brand every car depreciated on the average 50percent.....tgis is standard not fluctuating after 5 years
Hi how are you doing
Passat is an xlnt car! Good looking and cheap! German engineering on sale.
For luxury cars, if you can not afford new one, don't buy used one.
Your facts are not exactly correct. The Volvo had been driven 159,000 miles. Of course it’s cheap. The Audi is over 72,000 miles. Drop that to 36,000 miles and the value increases substantially. The Lexus has the lowest mileage at 29,000 and the high price proves my point. It’s not cheap at £59,000. The world knows that Maseratis are garbage and the low pricing doesn’t account for the hefty future mechanical costs. And btw, most luxury car brands drop substantially. Only a few retain their value over time. A Porsche is one. Try a little better the next time.
I gave this quite some thought. But after weighing all aspects, I came to the conclusion: Yes, with your talent, you might be able to rattle down your script even faster. And you really should make this - admittedly heroic - effort. But after all, I still was able to understand at least some parts of what you said, and I am sure this is what you wanted to avoid by all means.
Lost 21% in one year on an S63
👍👌
I think a lot of those cars you showed were such a low price because the steering wheel was on the wrong side.....
2022 Best Resale Value: Cars
2022 Honda Civic. Resale Value: 49.8% Type: Compact Car. ...
2022 Honda Accord. Resale Value: 42.5% Type: Midsize Car. ...
2022 Chevrolet Corvette. Resale Value: 59.5% Type: Sports Car. ...
2022 Lexus IS. Resale Value: 39.0% Type: Entry-Level Luxury Car. ...
2022 Lexus LS. Resale Value: 35.0% Type: Luxury Car.
This is a British market . Anywhere else in the world that lexus would not loose a dime .
It's a shame you focussed on diesels here. I would only consider buying something like the beautiful Maserati Quattroporte with a petrol engine. I think diesels of all types will depreciate very rapidly indeed as these ULEZ areas are forced upon the public.
I would never buy a German car brand new. Always let the first guy take the initial depreciation hit. Get them when they are 4-5 years old. They still look like brand new. I love my 2016 A7 in silver with black interior and it is kept in showroom condition, always.
Tried to buy a decent Volvo V90 and they never lost that money?
LOL Maserati diesel 😂😁🤣