WALL ST. CHEAT SHEET/AUTOS
For many, part of buying a new car is taking into consideration how much the car will be worth once it’s been used through its useful life with its first owners.
Companies like Toyota, Subaru, and Honda are renowned for commanding impressive resale values, as is Porsche, and some other brands as well. However, when it comes to the cars that depreciate the fastest, don’t think of Jeep Wranglers, Honda Odysseys, Toyota FJs or that are designed to be used and abused.
1. BMW 7 SeriesThere’s no doubt in most peoples’ minds that BMW (BAMXY.PK) makes a fine , and the 7 Series is a testament to Bimmer’s exceptional craftsmanship. When it comes to holding its value, though, the 740i in particular leaves a bit to be desired; production of that model ended in 2001, and at the time, cost well over $70,000 can be found for under $10,000 (a 1997 model with 105,000 miles on the clock is up for sale for under $4,000 in New Jersey).
2. Bentley ArnageBentley strikes many as a defining character of automotive prestige, and there isn’t one model in the lineup that can be bought new for less than $100,000.
Wait a few years though, and owning a Bentley soon becomes far easier for those not endowed with hundreds of thousands to spend on a new car; the Arnage sedan (a predecessor to today’s Mulsanne), can easily be found for less than $40,000 — effectively shedding about $160,000 off their showroom price. That’s still pretty steep for many, but considerably easier than the condo-like price it commanded when new.
3. Maybach 57Take the largest, most expensive Mercedes-Benz sedan available, add an even more refined , effectively double the price, and you’ve got yourself a Maybach.
As a new car, these things would run for over $300,000, placing them on the same plane as the largest and most extravagant vehicles from Rolls-Royce; now, a 2004 Maybach 57 with just 29,000 miles can be purchased for $87,000, a decrease of about $213,000, or about eight and a half Volkswagen GTIs.
4. Cadillac STS-VThe Cadillac (NYSE:GM) CTS-V is often cited as the poster child of the brand’s performance chops, but the STS-V wasn’t exactly a slouch either.
With $77,090, though examples can be found these days for as little as $19,000, representing a loss in value of about $58,000 — enough to buy yourself a new Cadillac off the showroom floor., a big V8 up front, and a luxuriously appointed and spacious cabin in between, it was the weapon Cadillac needed to take on the likes of the M5. When new, it ran roughly
5. Volkswagen Phaeton W12Under the Audi (VLKAY.PK) brand, the Phaeton W12 likely would have done very well; however, people were not surprisingly jumping to part with the $94,600 that it demanded as a Volkswagen, even if it had a 6.0 liter behemoth under the hood. Due to its struggle in the U.S. market (in did enjoy more success in its native Europe), the Phaeton W12 can now be bought for as little as $15,000, and still with less than 80,000 miles on the clock — a reduction in value of a hopping $80,000.
6. Mercedes-Benz SL65 AMGThere are few roadsters in the world that can outperform the massive Mercedes-Benz (DDAIF.PK) SL65 AMG on the road, but when it comes to resale value, that’s not exactly the case.
The SL65 is very, very fast — the 2005 model in particular used a twin-turbo V12 — and it cost in the neighborhood of $185,000 at the time. Now, though, they can be found for as little as $41,000 (like this one in Arizona), a reduction in price of an incredible $140,000 off the showroom price in just nine years — a rate of loss of about $15,000 annually.
7. Aston Martin RapideThe Aston Martin One-77 will likely prove to be one of the most valuable cars the brand has ever produced in time, but the Aston Martin Rapide S, not as much. According to Top Gear, the Rapide — which starts at a lofty $250,000 or so — will lose about $160,000 worth of its value over just three years, or over $50,000 every year. Granted, it’s more of a ritzy family sedan and less of a collectible, so it may not be such a huge deal for owners.
8. Porsche Cayenne TurboPorsche (POAHF.PK) is renowned for its investor-pleasing margins, and the price premiums that they command when bought new. However, as owners of the Cayenne Turbo SUV are finding out (specifically from the 2003 model year), they won’t hold onto those premiums forever.
New, the powerful SUV ran about $90,000 — making it one of the priciest in its class — but these days, buyers can pick up used models for as little as $20,000, as the Cayenne Turbo has shed about $70,000 worth of value over the last decade.