Top Cars

New Study Reveals 10 Best Cars to Buy Used Rather Than New

RELATED READING
See all Hyundai Genesis articles
RESEARCH BY MAKE
Toyota cars, trucks and SUVs Ford cars, trucks and SUVs Honda cars, trucks and SUVs Chevrolet cars, trucks and SUVs Jeep cars, trucks and SUVs Nissan cars, trucks and SUVs Lexus cars, trucks and SUVs Volkswagen cars, trucks and SUVs Hyundai cars, trucks and SUVs
Acura cars, trucks and SUVs Alfa Romeo cars, trucks and SUVs AMC cars, trucks and SUVs Aston Martin cars, trucks and SUVs Audi cars, trucks and SUVs Bentley cars, trucks and SUVs BMW cars, trucks and SUVs Bugatti cars, trucks and SUVs Buick cars, trucks and SUVs Cadillac cars, trucks and SUVs Chevrolet cars, trucks and SUVs Chrysler cars, trucks and SUVs Daewoo cars, trucks and SUVs Datsun cars, trucks and SUVs DeLorean cars, trucks and SUVs Dodge cars, trucks and SUVs Eagle cars, trucks and SUVs Ferrari cars, trucks and SUVs FIAT cars, trucks and SUVs Fisker cars, trucks and SUVs Ford cars, trucks and SUVs Freightliner cars, trucks and SUVs Genesis cars, trucks and SUVs Geo cars, trucks and SUVs GMC cars, trucks and SUVs Honda cars, trucks and SUVs HUMMER cars, trucks and SUVs Hyundai cars, trucks and SUVs INFINITI cars, trucks and SUVs Isuzu cars, trucks and SUVs Jaguar cars, trucks and SUVs Jeep cars, trucks and SUVs Kia cars, trucks and SUVs Lamborghini cars, trucks and SUVs Land Rover cars, trucks and SUVs Lexus cars, trucks and SUVs Lincoln cars, trucks and SUVs Lotus cars, trucks and SUVs Maserati cars, trucks and SUVs Maybach cars, trucks and SUVs Mazda cars, trucks and SUVs McLaren cars, trucks and SUVs Mercedes-Benz cars, trucks and SUVs Mercury cars, trucks and SUVs MINI cars, trucks and SUVs Mitsubishi cars, trucks and SUVs Nissan cars, trucks and SUVs Oldsmobile cars, trucks and SUVs Plymouth cars, trucks and SUVs Pontiac cars, trucks and SUVs Porsche cars, trucks and SUVs RAM cars, trucks and SUVs Rolls-Royce cars, trucks and SUVs Saab cars, trucks and SUVs Saturn cars, trucks and SUVs Scion cars, trucks and SUVs smart cars, trucks and SUVs SRT cars, trucks and SUVs Subaru cars, trucks and SUVs Suzuki cars, trucks and SUVs Tesla cars, trucks and SUVs Toyota cars, trucks and SUVs Volkswagen cars, trucks and SUVs Volvo cars, trucks and SUVs Yugo cars, trucks and SUVs
RESEARCH BY STYLE
AWD/4WD
Commercial
Convertible
Coupe
Hatchback
Hybrid/Electric
Luxury
Sedan
SUV/Crossover
Truck
Van/Minivan
Wagon
ADDITIONAL MODEL INFORMATION

author photo by Doug DeMuro February 2015
  • New iSeeCars.com study rates the best models to buy used instead of new
  • Study lists cars that lose the most value in their first year of ownership
  • Hyundai Genesis tops the list, along with other recently replaced models

A new study officially ranks the best cars to buy used rather than new. The study, carried out by iSeeCars.com, examined models that lose the most value in their first year of ownership. Those cars, which offer the most substantial discounts compared to a new model, lead the list of today's best vehicles to buy used rather than new.

The top car to buy used is the Hyundai Genesis. Analysts say that the Genesis loses 38.2 percent of its value in the first year alone, suggesting that a 1-year-old Genesis offers significant savings over a new model. Much of the heavy depreciation is likely due to the Genesis's old design, since the sedan was recently replaced with a dramatically improved version for the 2015 model year.

In fact, several of the vehicles on the list of the best cars to buy used are models that were recently replaced. They include the Cadillac CTS (second place), the Chevrolet Impala (fourth place), the GMC Yukon XL (fifth place), the Mercedes-Benz S-Class (seventh place) and the MINI Cooper (ninth place). This suggests that most cars take substantial depreciation hits right before they're replaced with an all-new model. Of course, the all-new version of any given car will likely offer safety and technology improvements over the previous version. Still, if getting a car for the absolute lowest price is your goal, you might want to look at an older version of a new car.

The list doesn't solely consist of recently replaced models, however. Tying the Cadillac CTS for second place is the smart fortwo, which loses nearly 37 percent of its value in the first year, making a lightly used fortwo a great value. The list also includes such aging models as the Volvo S80, Lincoln MKS and Jaguar XK.

This list is especially important for drivers interested in saving big money when buying a new vehicle. For example, choosing a 1-year-old Mercedes-Benz S-Class, which loses 32.4 percent of its value in the first year, can save shoppers more than $30,000 compared to buying a brand-new model.

However, Karl Brauer for Kelley Blue Book offers a word of caution if you're planning to buy a model with faster-than-usual depreciation. Brauer says, "I normally wouldn't recommend buying a car that rapidly loses value, but if a buyer is shopping slightly used vehicles, this can be a desirable trait. Of course, this assumes the buyer plans to keep the slightly used car for several years. It will continue to lose money faster than competitive models, meaning the savings made at purchase time will be given back if it's sold too soon."

What it means to you: If you want to save big money on your next car, consider a 1-year-old example of some of these models.

This image is a stock photo and is not an exact representation of any vehicle offered for sale. Advertised vehicles of this model may have styling, trim levels, colors and optional equipment that differ from the stock photo.
New Study Reveals 10 Best Cars to Buy Used Rather Than New - Autotrader