Buying a used car is much cheaper than buying a new one. In fact, it can save you hundreds in the long run. However, there are some models that actually depreciate at a faster rate than others. So, if you’re thinking about buying used cars in tucson and wondering which models would cost the least in depreciation, this blog post is for you.
Here are some used cars with the lowest depreciation:
Chevrolet Impala (2008-2013)
Average market value after 3 years: $9,160
GM’s full-size sedan, the Chevrolet Impala is known for its timeless design and value. It has been a favorite among used car buyers looking to get the most out of their investment. Whether you’re purchasing a car brand new or used, the depreciation on this model is low, with many examples selling for over $10,000 without any wear and tear.
Chevy Malibu (2007-2014)
Average market value after 3 years: $9,100
This car is one of the oldest “light truck” models on the market, meaning that it’s smaller than a typical sedan. Although it was originally meant to be an interim vehicle for GM, the company soon developed a loyal following for this stylish and affordable car. After just three years, many examples of this model are selling for buyers at over $10,000.
Chevrolet Spark (2011-2014)
Average market value after 3 years: $7,100
In the past three years, the Chevy Spark has grown to be one of the most popular cars among used car buyers. One reason for this is its high resale value. After just three years, many examples of this vehicle are selling for at least $7,000.
Ford Focus (2011-2014)
Average market value after 3 years: $7,100
This car is great for younger buyers looking for a practical yet sporty vehicle. It’s popular among those who need a car that can accommodate a family and running errands. This model has also been known to retain a price premium over its used market counterparts. In fact, in the past three years, many examples of this model have sold at over $10,000.
Ford Fiesta (2007-2014)
Average market value after 3 years: $6,600
The Ford Fiesta has a lower depreciation rate than other models, but that doesn’t mean it’s not a good model to buy. The affordable and versatile car has been a favorite among used car buyers for many years, and for good reason. After only three years, many examples of this model are selling for at least $7,000.