13 Cars With Horrible Resale Value
While it might not be at the forefront of our minds when we first buy a car, its resale value can impact whether it’s one we decide to purchase or not. Ensuring we get as much money as possible when we choose to part with it will help when it comes to buying whatever car it follows.
Unfortunately, many cars have relatively poor resale values. Some are so bad that their value drops almost instantly the second you take them home.
This list contains 13 cars that, even if they are good, solid cars to own, they have poor resale value.
Nissan Leaf
The Nissan Leaf is one of the best EVs currently on sale and one of the most affordable, with a starting price of $28,140 and up to 212 miles of range. The only downside to the Leaf is that other rival EVs are offering more features and range, whereas the Leaf was once a trendsetter.
This is shown by the remarkable drop in value that Nissan Leaf owners can experience. Over five years, it’s possible for the vehicle’s value to drop to just over $21,000, showing how stiff the competition has become in the EV world. That shouldn’t detract from how good a budget EV offering it still is.
BMW X5
While not the class leader it once was, the mid-size BMW X5 is still one of the best luxury SUVs that money can buy. Power comes from either a six-cylinder or V8 engine, and BMW also offers the X5 in hybrid form. Plus, there is also the option of the high-performance X5 M should you want a bit more power from your SUV.
Sadly for the X5, its resale value can drop significantly. With a brand new MSRP of $73,122 for some models, you could expect that value to drop to as low as $39,625. That is a fall of around 45.8% compared to its as-new price.
Fiat 500e/Fiat New 500
The latest electric version of the new Fiat 500 is one of the most intriguing city cars currently on sale. The Italian manufacturer offers its latest EV with up to 162 miles of electric range in the United States. It retains the design of the standard Fiat 500 with a few extra touches.
Sadly, the resale of the little electric 500 is one of its downsides for Fiat. It’s possible to lose over 32.7% of the value of the Fiat 500e over just three years, with similar trends being seen in many other EVs as they crop up on the second-hand market.
Mazda MX-30
The Mazda MX-30 is one of the most problematic EVs currently on sale. However, the compact SUV has its plus points, namely the lavish interior design and the eco-friendly materials used in its construction.
Sadly, the MX-30 will not hold up well in terms of resale value. Mazda has only sold the SUV in the United States in the state of California and the EV only has 100 miles of range. And with sales standing at just 324 in 2022 and 100 in 2023, Mazda quickly dropped the MX-30 from its lineup for 2024, showcasing just how bad the MX-30 has fared.
Honda e
When the Honda e launched a few years ago, there was a great deal of excitement surrounding the new EV. The car was inspired by the first-generation Honda Civic, and inside, the interior was roomy and comfortable, which isn’t guaranteed with a supermini. Plus, the Honda e has an excellent array of screens that can even play a virtual aquarium.
Honda sold the e for around $40,000, but sadly, its range was only around 130 miles. That range, plus the high price, put many people off the e, forcing Honda to discontinue it recently.
Mercedes-Benz GLS
One of the worst offenders when it comes to poor resale values is the Mercedes-Benz GLS, the S-Class of the company’s range of SUVs. The GLS is a large, comfortable, and spacious SUV with an excellent interior. Yet despite all its luxury and features, the GLS has one of the worst resale values of any modern car.
With a starting price of around $116,680, owners could find that the value of their S-Class drops as low as 62.3%. That would roughly bring the cost of the SUV down to just $44,047. It’s a bargain for those looking for a secondhand car but not suitable for those looking to sell a GLS.
Peugeot 3008
For quite some time, Peugeot has been one of the biggest jokes in the automotive industry. The Peugeot 3008, however, is a sign that things are changing, with it boasting an impressive design for a hybrid SUV, and it’s a great alternative to the all-electric e-3008.
Yet despite the positives, Peugeot’s resale value lets it down. According to Motorway, the 3008 is one of the worst vehicles in the UK for holding its value, ranking second out of the top ten. Unfortunately, such a strong offering from Peugeot can’t hold onto its value.
Maserati Quattroporte
It’s not surprising to see a Maserati car appear on this list. Only certain performance cars seem to hold onto their value, but sadly for the Italian brand, the Quattroporte isn’t one of them. The Quattroporte has been around in various forms since 1963 and is currently in its sixth generation. Power comes from a variety of turbocharged and twin-turbocharged V6 engines.
According to TFL Car, the Quattroporte lost up to 64.5% of its value over five years. That would bring the price down by over $90,000, which is a very poor reflection on both the Quattroporte and Maserati.
Maserati Ghibli
This is terrible news for Maserati fans because they have another model on this list. The Maserati Ghibli is another fine car from an Italian manufacturer, and it has been produced over three production runs. The first was from 1967 to 1973, with the second following from 1992 to 1998. The current production run started in 2013, and Ghibli is now in its third generation.
Power comes from two twin-turbocharged V6 engines: a 3.0-liter diesel V6 turbo and the 2.0-liter GME T4 turbocharged inline-four hybrid. None of these engines, however, can save it from a terrible resale value drop, with TFL Car again putting it down to 61.3% or roughly a loss of $58,623 in value.
Renault Zoe
The Renault Zoe is one of the most affordable EVs on the market, particularly in the UK. For years, it served as Renault’s sole electric car, but with the Megane E-Tech, the new Scenic, and the upcoming Twingo, it has served its purpose.
It’s still on sale and is an excellent entry-level EV. But in the UK, where it would once cost an average of £30,194 new, it now has lost up to 30.72% of its value to cost around £9,275.
Nissan Armada
Other than the Nissan Leaf, which is expected in some ways, Nissan has fared relatively well when it comes to resale values. That isn’t the case for the Nissan Armada; however, it is one of the more curious cases of SUVs currently on sale.
According to TFL Car once again, the Armada’s value dips quite steeply. The resale loss is around 55.7%, which roughly equates to $36,875 off the SUV’s retail price. It is perhaps a sign that large, eight-seater SUVs like the Armada are slowly losing their appeal.
Porsche Panamera
The idea of a Porsche making this list might seem crazy, but even German-made cars are not immune from a value drop. It’s disappointing that the Porsche Panamera suffers the worst, as the performance sedan is still one of the best on the market. A variety of powertrains now sit under the hood, including the twin-turbocharged 4.0-liter V8 engine with added electric power.
The average price of a new Panamera is around $142,700. However, its resale value can drop massively, down to roughly $77,058, which is a big drop of around 46% from its new price.
Mercedes-Benz E-Class
Seeing multiple Mercedes-Benzes on this list is a shock, but it’s a sign that luxury cars are struggling to hold their value. The E-Class still offers a lot for everyone, and it comes in various forms, including sedan, coupe, convertible, and even station wagon.
The new price for an E-Class is around $83,503. However, that can drop by roughly 45.3%, bringing the resale value after five years to just $45,701. This is perfect for someone looking to snap up a Mercedes at a bargain price.