A lot of sage advice says you’re better off buying a used car than a new one.
Somenew models depreciate so littletheir first year that you might as well buy new to get the full warranty.
Plus rebates and zero percent or super-low-interest loans are sometimes available on new cars but not on used.
It compares and contrasts data on tens of millions of vehicles, such as this new vs. used evaluation.
Remember, the data is an average and doesn’t refer to any specific version of the 7 Series.
The company’s data analysis includes 2018 and some 2019 models all sold used.
It shows an average new price for the 7 Series is $109,231.
Average price after a year: $61,784.
So it’s a lot of car for about $62,000, even at a year old.
Five others on the list also are luxury makes.
The only exception is a Chevrolet Camaro.
A big drop in value the first year is a negative to new-car buyers.
But it’s a plus to used-car bargain hunters.
And a yearling still could have some of the free maintenance that some manufacturers offer.
Sometimes a car holds its value if it was recently redesigned or had other changes that could slow depreciation.
Four Hondas are on iSeeCars buy-new list, and most of the others are likewise mainstream models.
The Chevrolet Corvette is No.
7, dropping 13.6 percent the first year.
The Ford Ranger mid-size pickup, reintroduced to the U.S. as a 2019 model, is No.
The top-end Ranger Lariat drops 19.4 percent to $33,125 its first year.
The XL, the base version, drops 7.4 percent to $29,795.
The numbers here are averages of some 6 million transactions that iSeeCars tracked.
Used-car bargains
1.
BMW 7 Series.Average new price, $109,231.
One-year depreciation, 43.4 percent.
Audi A6.Average new price $63,931, One-year depreciation, 41 percent.
Jaguar XE.Average new price, $50,371.
One-year depreciation, 40.9 percent.
Volvo S90.Average new price, $58,970.
One-year depreciation, 40.1 percent.
Average year-old price, $35,339
Our take.We are skeptical.
BMW 3 Series.Average new price, $50,369.
One-year depreciation, 38.2 percent.
The 2012 to 2018 models scored better.
Chevrolet Camaro.Average new price, $44,492.
One-year depreciation, 37.8 percent.
Camaro: 1 of 5.
BMW X6.Average new price, $84,042.
One-year depreciation, 37.7 percent.
Average year-old price, $52,387
Our take.First, this SUV is not for everybody.
A Mercedes-Benz GLA is a similar take, though smaller.
Land Rover Ranger Rover Evoque.Average new price, $56,507.
One-year depreciation, 37.3 percent.
That amalgamation also shows subpar reliability ratings.
The 2020 redesign provided more rear legroom and more standard infotainment features.
Mercedes-Benz CLA.Average new price, $42,793.
One-year depreciation, 37 percent.
Average year-old price, $26,955
Our take.A Mercedes for $27,000 is tempting.
But owner satisfaction has been poor though reliability has been OK, 3 out of 5,Consumer Reportssays.
BMW 4 Series.Average new price, $52,951.
One-year depreciation, 35.8 percent.
Newsarticle that cites consumer survey veteran J.D.
