For many car consumers, the question is whether to buy or lease a vehicle. On one hand, leasing a new model simplifies your life by limiting the amount you owe and eliminating the hassle of selling. However, leasing a vehicle also means you do not retain that equity. Unless you choose the purchase option, it’s simply a long-term rental, and typically only makes financial sense in a situation like temporary job relocation.
If your priority is getting the best value from a car purchase, your job gets a little easier. According to a July 2017 report by iSeeCars.com, many leased cars failed to retain 55% of their value after just three years. In other words, those who swoop in for a pre-owned model could save $25,000 or more on an almost-new vehicle. Considering the limited mileage involved with most leases, the terms can be quite appealing.
Car shoppers looking for a German luxury sedan should definitely consider a lightly used model over its brand-new twin on the dealer’s lot. Likewise, popular cars by Ford and Volkswagen offered consumers excellent deals after three-year leases ended. Let’s take a closer look at 10 cars that lost close to half their value after a brief time on the road.