The worst cars to buy new are those that'll save you a lot of money when purchased used. Research from iSeeCars.com has determined the top new models that, in this case, are the worst vehicles to buy new but great values when they hit the used car market.
Cars to Buy Used, Not New
iSeeCars.com looked at data from six million vehicles sold between August 1, 2017 and January 24, 2018. From it, they identified some cars that you're better off buying used, as their initial depreciation drop makes them great deals compared to their prices when new. Here are some of the worst new cars to buy based on their analysis:
- Kia Sedona
Average price: $32,190
First-year depreciation drop: 30%
Average used starting price for model years 2007 to 2017: $12,791
Fuel economy: 18 city / 24 hwy
Best features: This popular minivan is spacious for larger families and can seat up to eight people. With a 276-horsepower engine, the Sedona can go from zero to 60 mph in about 7.4 seconds – pretty good for a traditional family vehicle.
- Toyota Camry
Average price: $23,322
First-year depreciation drop: 30.7%
Average used starting price for model years 2007 to 2017: $12,760
Fuel economy: 29 city / 41 hwy
Best features: The Camry’s fuel economy is excellent for its class. This vehicle is great for smaller families that make long road trips, or people who commute to work daily. The Camry’s appealing interior and exterior design makes the affordable car seem luxurious.
- Jeep Compass
Average price: $23,945
First-year depreciation drop: 34.8%
Average used starting price for model years 2007 to 2017: $11,695
Fuel economy: 22 city / 31 hwy
Best features: The newly redesigned Compass mimics the Grand Cherokee, which makes it arguably one of the best-looking Jeep models on the market. The Compass is also great for first-time Jeep owners who want the Jeep feel, but want to be cost conscious, too.
All three vehicles pictured are from the 2007 model year.
Wait it Out
If you want a better deal on one of these models, the best advice is to wait 12 months, or 24 to 36 months when they're coming off lease. If you’re not ready for a brand new car, but are in need of an auto loan for a used vehicle, Auto Credit Express wants to help.
We work with an extensive network of special finance dealers that have the lending resources available for people who are struggling with credit. There’s no obligation or cost for our service. Just fill out our auto loan request form to get started today.