Top 10 Luxury Vehicles with the Lowest Resale Value
Agent009 submitted on 7/16/2007 Official Bell & Ross Timestamp: 9:52:39 AM
23 user comments | Category: Misc News | Source: | SOURCE: www.theautochannel.com
The 10 luxury vehicles likely to shed the most value over time each have at least one of those qualities.
Forbes magazine has compiled a list of those ten, along with pictures and explanations of their value-losing potential.
The top two value losers on the list are the Lincoln Town Car and Mercury Grand Marquis. Both cars are sold in large numbers to various vehicle fleets, such as limo, taxi and rental agencies, and they use decades-old technology.
Larry Batton, president and founder of Auto Appraisal Group Inc., says that these two cars "are archaic and don't fulfill the requirements of modern buyers." Other cars on this list have a similar issue: Their price is too high for the value they offer.
It's important to note that this list isn't comprised of a bunch of bad cars. Usually they perform well. The question is, how much are you willing to pay for perceived prestige?
Forbes List Of 10 Worst Residual Valued Luxury Cars - Kelley Blue Book Values
10. Cadillac SRX V8
MSRP: $43,870
Residual Value After Five Years: 27 percent*
9. Ford Expedition V8 4WD
MSRP: $32,895
Residual Value After Five Years: 27 percent
8. Cadillac DTS V8
MSRP: $41,990
Residual Value After Five Years: 26 percent*
7. Cadillac STS V6
MSRP: $42,765
Residual Value After Five Years: 26 percent*
6. Lincoln MKZ AWD
MSRP: $31,765
Residual Value After Five Years: 26 percent*
5. Mercedes-Benz E550
MSRP: $59,775
Residual Value After Five Years: 26 percent*
4. Jaguar S-Type V6
MSRP: $49,000
Residual Value After Five Years: 25 percent*
3. Jaguar X-Type Sedan and Wagon
MSRP: 34,995
Residual Value After Five Years: 25 percent
2. Mercury Grand Marquis LS
MSRP: $30,320
Residual Value After Five Years: 23 percent*
1. Lincoln Town Car
MSRP: $42,985
Residual Value After Five Years: 17 percent*
Read Article