We all know that a car starts to depreciate the second you drive it out of the dealership, and frankly, there is not much you can do about that.
Of course, taking care of your vehicle and regular maintenance can slow down the process, but in the end, depreciation is inevitable. This is why I always have an amortization plan for my car, but I’ll save that discussion for another article.
Today, I’ve wanted to talk about cars that have the slowest depreciation rate. For that purpose, I’ve put together a list of the top 5 cars with the slowest depreciation in 2020.
So stay tuned, and let’s have a look at it, shall we?
5. Lamborghini Aventador
The first vehicle on my list is the Lamborghini Aventador. Everything about this V12-powered vehicle is glamorous, from the luxurious design to the impressive performance of 200mph. Naturally, it comes along with pricy running costs, but hey, you get what you’ve bargained for.
Depreciation is going to be the least of your concerns if you’re looking to purchase a Lamborghini Aventador, and that’s good. This model has a retained value of 57,2%, which is pretty solid, even though, you’re still going to lose a €134,315 from the initial €313,301 price tag. To put this in car talk, that’s approximately one Aston Martin Vintage-worth of loss in value after three years.
4. Land Rover Defender
Next up on my list is the Land Rover Defender D200. The original version of this car was a smashing hit with different consumer groups – all the way from the average Joe to fashion-driven celebrities, and even the military loved it!
The D200 is a different kind of beast, and even though it was just released for sale, early signs suggest that it’s a great purchase. Especially if you’re on the market looking for a low depreciation and spacious SUV. It has a retained value of 58.1%, or to put things in numbers, we’re looking at a price drop of €22,650, from the initial price tag of €54,000 in three years.
3. Porsche Cayenne Coupé
The number three spot on my list is reserved for the Porsche Cayenne Coupé E-Hybrid.
It wasn’t long ago that buying a coupé meant that you were getting ready to sacrifice your comfort and deal with just two doors and tight rear seats. But that is not the case with this model – as a matter of fact, there is nothing claustrophobic about it. It is a spacious SUV with a retained value of 58,5%.
Additionally, the E-Hybrid can travel for 20 miles before it starts to burn fuel, which means that it’s cost-efficient, and with that, it holds a substantial resale value. It comes at a price of €78,845, and after three years, you can expect a price drop of €46,150.
2. Volkswagen California
Number two on my list is a surprise entry if you take into consideration the cars that I’ve presented so far.
However, the camper van sector is an area of the car market that performs continuously, and the leader of this sector is the VW California. This model is in high demand due to its versatility, and the overall driving feel to it. It is a very compact and spacious vehicle, and it doesn’t feel bulky at all. This model is based on the VW T6 Transporter, so it features modern engines that provide a pleasant driving experience.
The California VW has everything you need to pack it up and enjoy a great weekend!
On the downside, it is quite expensive, but on the plus side, it has very low depreciation, with a retained value of 61%. This means that it’ll lose €23,695 from its initial selling price of €60,770 after three years.
1. Porsche Panamera
Number one on my list is the Porsche Panamera.
Labeled the Porsche family’s ugly duckling, this model is now considered the car with the slowest depreciation. It holds a retained value of 63.4%, which means that after three years, you’re looking at a loss of €38,155 from the pre-determined price tag of €102,705.
Even more impressive is that these stats are for the executive model in a range that can’t really brag with low depreciation. The thing that puts the Panamera ahead of its competition is its excellent performance, low running costs, and sharp handling.
There is no escaping the fact that cars depreciate quickly, and there is little we can do about it. The best thing you can do for yourself is set up an amortization plan – that way, you can prepare yourself for future challenges and won’t have to face a significant blow to your car budget.
That’s it, folks, this was my list of the top 5 cars with the slowest depreciation in 2020, and if you want to read about the top 5 cars with the fastest depreciation in 2020, click here.
Thank you for reading. I hope you’ve enjoyed it!