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Thread: Worst Resale Value Cars for 2022: Oddballs and Luxury Barges

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    Worst Resale Value Cars for 2022: Oddballs and Luxury Barges

    From Motor Trend...

    Using data from IntelliChoice, we've determined which cars have the worst resale values after five years of ownership. Unsurprisingly, the list is chock-full of oddballs and luxury sedans that carry expensive price tags at the initial point of purchase.
    Worst Resale Value Cars for 2022:


    1. Toyota Mirai: 19.4 Percent Resale Value After Five Years
    2. Nissan Leaf: 31.0 Percent Resale Value After Five Years
    3. Jaguar XF: 33.2 Percent Resale Value After Five Years
    4. Genesis G90: 35.2 Percent Resale Value After Five Years
    5. Chevrolet Bolt: 36.0 Percent Resale Value After Five Years
    6. BMW 7 Series: 36.6 Percent Resale Value After Five Years
    7. Volvo S90: 36.7 Percent Resale Value After Five Years
    8. Volkswagen Arteon: 38.8 Percent Resale Value After Five Years
    9. Mitsubishi Mirage: 38.9 Percent Resale Value After Five Years
    10. Mercedes EQS: 39.0 Percent Resale Value After Five Years


    Mitsubishi Mirage - 38.9 Percent Resale Value (After Five Years)

    You're forgiven if you forgot the Mitsubishi Mirage is still around. Mitsubishi's subcompact has been on sale since 2011, and although it has received two face-lifts in that time, it lacks crucial features, rides poorly, and suffers from a wheezy engine. With that in mind, it's no shock the Mirage hatchback and Mirage G4 sedan found their way onto this list. On average, the Mirage will retain only 38.9 percent of its value after five years. That said, potential buyers may be enticed by its low price tag, strong warranty, and gas-sipping fuel economy.

    https://www.motortrend.com/features/...le-value-cars/

    They say "worst resale value" like it's a bad thing!

    A highly depreciated Mirage is a screaming good value - spend 2 - 4 grand and you could probably get 10+ years of trouble-free motoring.

    And for those of you in the upper crust of society who buy new Mirages, depreciation doesn't matter if you drive 'em into the ground.


        __________________________________________

        click to view fuel log View my fuel log 2014 Mirage ES 1.2 manual: 58.3 mpg (US) ... 24.8 km/L ... 4.0 L/100 km ... 70.0 mpg (Imp)


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    Senior Member AtomicPunk's Avatar
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    Holding more resale value than a Leaf, Bolt, Jaguar and BMW 7! Man, these Mirages just keep on impressing!!

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    Senior Member Fummins's Avatar
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    I still think even at the high prices they want for new ones the Mirage is still a better value than everything else on the list except maybe the Bolt.
    I like telling the wife that her phone cost more than my car.
    I love pointing out that by the time her Kia is paid off, she'd have paid 50X what I paid for my Mirage and there's a good chance it'll have a major mechanical problem before that day comes lol.

    At least with the Mirage, they might be worth zero dollars, but cheap, low mileage parts are readily available at the moment....So.... as long as the body isn't completely rusted out you can keep one of these turds running for the foreseeable future for next to nothing. Seems like a fairly recession-proof way to go.

        __________________________________________

        click to view fuel log View my fuel log 2014 Mirage SE wussie cvt edition. 1.2 automatic: 37.7 mpg (US) ... 16.0 km/L ... 6.2 L/100 km ... 45.3 mpg (Imp)


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    Senior Member Top_Fuel's Avatar
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    There may be some logic problems grouping the Bolt in that list. Yes...it had a price tag approaching $40K in 2017, but US Bolt buyers got a $7,500 tax credit when buying one. So did the original owner really pay 40K, or $32,500?

    A 5 year old Bolt with 50K miles is still selling for nearly $20K in this crazy market. It shouldn't be on the list.

    Honestly...how did the Mirage even make this list?!? A 5 year old Mirage with a moderate amount of miles can almost be sold for what the buyer paid for it. I'm declaring that article fake news.

        __________________________________________

        click to view fuel log View my fuel log 2015 Mirage ES 1.2 manual: 52.2 mpg (US) ... 22.2 km/L ... 4.5 L/100 km ... 62.6 mpg (Imp)


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    Quote Originally Posted by MetroMPG View Post
    From Motor Trend...



    Worst Resale Value Cars for 2022:


    1. Toyota Mirai: 19.4 Percent Resale Value After Five Years
    2. Nissan Leaf: 31.0 Percent Resale Value After Five Years
    3. Jaguar XF: 33.2 Percent Resale Value After Five Years
    4. Genesis G90: 35.2 Percent Resale Value After Five Years
    5. Chevrolet Bolt: 36.0 Percent Resale Value After Five Years
    6. BMW 7 Series: 36.6 Percent Resale Value After Five Years
    7. Volvo S90: 36.7 Percent Resale Value After Five Years
    8. Volkswagen Arteon: 38.8 Percent Resale Value After Five Years
    9. Mitsubishi Mirage: 38.9 Percent Resale Value After Five Years
    10. Mercedes EQS: 39.0 Percent Resale Value After Five Years




    https://www.motortrend.com/features/...le-value-cars/

    They say "worst resale value" like it's a bad thing!

    A highly depreciated Mirage is a screaming good value - spend 2 - 4 grand and you could probably get 10+ years of trouble-free motoring.

    And for those of you in the upper crust of society who buy new Mirages, depreciation doesn't matter if you drive 'em into the ground.
    Using cars.com/autotrader.com (2017 ES manual search) & today's economy -

    2017 ES manual with 99,777 miles (133 miles away) for $8,999.
    2017 ES manual with 46,110 miles (1,062 miles away for $10,921.
    2017 ES manual with 56,896 miles (543 miles away) for $13,698.
    2017 ES manual with 34,528 miles (826 miles away) for $10,995.
    2017 ES manual with 22,848 miles (Carvana) for $15,990.

    A brand new 2017 ES manual @ WB was $9,500 most of that year.
    If you financed $10,000 with Ally, the price was $9,000 (after $500 financing credit was applied).
    If you qualified for the $500 loyalty rebate, the price was $8,500.
    If you were military, the $500 military rebate made it $8000.
    If the VIP rebate also applied to you, you were looking at $7,500 for a brand new 2017 Mirage ES manual.

    2017 ES manuals were selling for $7,500-9,500 brand new (no negotiations were necessary). A 2017 ES manual is a somewhat limited search, but I don't feel my 2017 ES manual with 67,000+ miles has depreciated all that much after 5 years. The average price for the Mirages listed above is $12,120.60.

    The cheapest 2017 ES manual (listed above) with almost 100,000 miles on it for $8,999 hasn't really depreciated all that much after 5 years. I could have bought a brand new one for that price 5 years ago.

    The depreciation stats for the Mirage are a bit garbage in today's economy. They're claiming my used Mirage could be had for $3,617 (38.9% resale value). Only a nut job would believe that! I wouldn't even buy a used Mirage these days, because they're too expensive!

    If I drive my Mirage for 15+ years, it can't depreciate any more than what I paid for it. I don't feel I paid that much!

    I drove a brand new 1990 Ford Festiva ($5,300 after $1,000 rebate) for 14 years. When someone would ask why I drove that car, I always started with - " It can't depreciate any more than what I paid for it brand new!" Super reliable & 40+ mpg year round were just added perks!

    Those who do articles on vehicles are typically quite stupid in my opinion.

    Cars are money pits! Smart people avoid the deep ones!

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    Senior Member Cobrajet's Avatar
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    I never really understood this metric with regard to the Mirage. Say a Mirage costs $15,000 brand new and is worth $5,800 after five years (@39%). It has lost $9,200 in value.

    A typical new Mercedes depreciates by $9,200 before the ink has dried on the paperwork and it has lost $50,000 in value over those same five years.

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    Quote Originally Posted by Cobrajet View Post
    I never really understood this metric with regard to the Mirage. Say a Mirage costs $15,000 brand new and is worth $5,800 after five years (@39%). It has lost $9,200 in value.

    A typical new Mercedes depreciates by $9,200 before the ink has dried on the paperwork and it has lost $50,000 in value over those same five years.
    The average new vehicle cost has risen to $47,148. I am not certain depreciation values apply in today's economy/market, but 20% depreciation the first year was common for years. Approximately 10% depreciation for each year after that equals 60% depreciation over the first 5 years of ownership. If you applied those values to today's average vehicle costs -
    $47,148 - brand new
    $37,718 - after one year (20%)
    $33,004 - 2nd year (10%)
    $28,288 - 3rd year (10%)
    $23,574 - 4th year (10%)
    $18,859 - 5th year (10%)

    $47,148 - $18,859 = $28,289 in depreciation after 5 years. Vehicles are money pits.

    The window sticker for my 2017 ES manual was $14,220. 60% depreciation would make a 5-year old Mirage worth = $14,220 x .4 = $5,688. Good luck finding a decent 5 year old Mirage for $5,688, & I am just talking about the base level ES manuals here. A decent/low mileage 5 year old Mirage is going to cost you twice that amount in today's market.

    Smart shoppers also weren't paying window sticker prices 5 years ago. I paid 65.4% window sticker, because I didn't qualify for any of the 3 rebate offers at the time. It could have been 54.8 % window sticker with all the rebates added in. The fact that car reviewers weren't broadcasting these deals from mountain tops at the time proves their stupidity!

    Depreciation of my Mirage is the least of my worries!

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    I always believe that if one intends to keep the brand new car for life, then depreciation value don't really matter, especially nowadays...until he/she wish to sell it which is another whole discussion.

        __________________________________________

        click to view fuel log View my fuel log 2022 Mirage G4 ES 1.2 manual: 42.7 mpg (US) ... 18.2 km/L ... 5.5 L/100 km ... 51.3 mpg (Imp)


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  14. #10
    I think the worst resale situation I've been in (counting around 35 cars) was a 2004 Prius. I had it for about a year and lost about $500 on it.

    Loved driving it though - what a fantastic nerd mobile. And also the 2nd automatic transmission I've owned.


        __________________________________________

        click to view fuel log View my fuel log 2014 Mirage ES 1.2 manual: 58.3 mpg (US) ... 24.8 km/L ... 4.0 L/100 km ... 70.0 mpg (Imp)


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