Recently, our pal Gianni posed the question, "Which 2011 model year car would you be interested in?" That's a great question! Here's the list we came up with.
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| Photo: That Hartford Guy |
Cadillac CTS-V wagon or coupe
Volvo V50
Ford Flex Ecoboost
Nissan GT-R
Lotus Exige
Jaguar XKR
Honda CR-Z
Chevrolet Aveo with nitrous (kidding)
Ford Transit Connect with nitrous (not kidding)
Mitsubishi Evo
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| Photo: Wikipedia |
...but we did so with trepidation. Our preference would be to wait another year and take advantage of the depreciation a bit more. How much depreciation are we talking? Well, here's the list again but with a calculation between years 4 and 5; the first number is the depreciation after year 4 and the second is year 5. This is all hypothetical, of course.
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| Photo: Wikipedia |
Cadillac CTS-V wagon ($13,888 vs $16,446) or coupe ($14,287 vs $16,918)
Volvo V50 ($6,474 vs $7,667)
Ford Flex Ecoboost ($8,683 vs $10,283)
Nissan GT-R ($20,470 vs $24,370)
Lotus Exige (n/a)
Jaguar XKR ($20,184 vs $23,903)
Honda CR-Z ($3,857 vs $4,567)
Chevrolet Aveo with nitrous (kidding)
Ford Transit Connect with nitrous (not kidding - n/a)
Mitsubishi Evo ($8,406 vs $9,954)
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| Photo: Wikipedia |
It's no surprise that the most expensive car is the vehicle that experiences the most depreciation. It's also not going to take anybody by surprise that the Honda CR-Z depreciates far less than all of the other cars at only $710(!). But to be perfectly frank, the fact that neither the Volvo V50 nor the Mitsuvishi Evo suffered much did make us do a double take. Who knew?
Which 2011 car would you like parked in your driveway?
I see what you did there. Make mine a muscle car. My list, using your depreciation formula.
ReplyDeleteZR1...21199/25305
Challenger SRT8...9025/10744
Camaro SS...8024/9503
AM Vantage...?
GT500...11758/13923
Surprising that the Vette would lose so much value so quickly.
Assuming you can find a good candidate for purchase, it makes little sense not to wait a bit and save a significant amount of money.
Great list!
DeleteCall me insane but I want a XJ Supersport - 21,275 to 25,194. I thought that was some pretty awful depreciation until I took a look at the S65 AMG - 44,902 to 52,347! What a piece of expensive junk.
ReplyDeleteOh, good one. Me too, I'd love an XJ Supersport.
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