When it comes to buying a new SUV, it’s essential to consider not just the upfront cost but also the potential depreciation over time. Some models, even those from luxury brands, depreciate faster than others. Here are nine SUVs that depreciate faster than luxury cars.
The Alluring but Rapidly Depreciating Range Rover Sport
The Range Rover Sport is a luxury SUV that offers a blend of performance and style. However, it’s also known for its rapid depreciation. Despite its high initial cost, the value of this vehicle can drop significantly within a few years of ownership. This is largely due to the high maintenance costs and reliability issues associated with the brand.
The Not-So-Golden GMC Yukon XL
The GMC Yukon XL is a large SUV that offers plenty of space and comfort. However, it’s not the best investment if you’re looking to maintain value over time. The Yukon XL depreciates quickly, especially when compared to other vehicles in its class. This is due in part to its high fuel consumption and the availability of newer, more fuel-efficient models.
Chevrolet Suburban: A Big SUV with Big Depreciation
The Chevrolet Suburban is another large SUV that suffers from rapid depreciation. Despite its spacious interior and powerful engine, the Suburban’s value can drop significantly within a few years. This is largely due to the high cost of ownership, including fuel, maintenance, and insurance costs.
The Surprising Depreciation Rate of the Audi Q7
The Audi Q7 is a luxury SUV that offers a blend of performance, comfort, and technology. However, it’s also known for its surprising depreciation rate. Despite its high initial cost, the value of the Q7 can drop significantly within a few years due to the high cost of maintenance and the availability of newer models with more advanced features.
BMW X5: Luxury Meets Rapid Depreciation
The BMW X5 is a luxury SUV that combines performance and comfort. However, it’s also known for its rapid depreciation. Despite its high initial cost, the value of the X5 can drop significantly within a few years. This is largely due to the high cost of maintenance and the availability of newer models with more advanced features. Recent reviews of BMW models have highlighted this issue.
Lincoln Navigator: A High-End SUV with High Depreciation
The Lincoln Navigator is a high-end SUV that offers luxury and comfort. However, it’s also known for its high depreciation rate. Despite its high initial cost, the value of the Navigator can drop significantly within a few years. This is largely due to the high cost of ownership, including fuel, maintenance, and insurance costs.
Infiniti QX80: A Premium SUV with Premium Depreciation
The Infiniti QX80 is a premium SUV that offers luxury and performance. However, it’s also known for its premium depreciation rate. Despite its high initial cost, the value of the QX80 can drop significantly within a few years. This is largely due to the high cost of maintenance and the availability of newer models with more advanced features.
The Depreciation Dilemma of the Cadillac Escalade
The Cadillac Escalade is a luxury SUV that offers a blend of style and performance. However, it’s also known for its high depreciation rate. Despite its high initial cost, the value of the Escalade can drop significantly within a few years. This is largely due to the high cost of ownership, including fuel, maintenance, and insurance costs.
The Mercedes-Benz GLS: A Luxury SUV with a Hefty Depreciation Rate
The Mercedes-Benz GLS is a luxury SUV that offers a blend of comfort and technology. However, it’s also known for its hefty depreciation rate. Despite its high initial cost, the value of the GLS can drop significantly within a few years. This is largely due to the high cost of maintenance and the availability of newer models with more advanced features.