Virtually all cars depreciate — but some cars depreciate faster than others. When I look for certain used cars online, I’m often surprised to learn exactly how cheap they’ve become — and the five vehicles on this list are now a lot cheaper than you might expect, especially given their age, brand name and level of amenities. No, I’m not necessarily suggesting you should buy the vehicles on this list — but you should at least make a mental note that you can get one of these cars a lot cheaper than you may have expected.
A brand-new BMW i3 starts around $45,000 before the federal tax rebate on electric vehicles — but if you can’t afford an i3, even after the rebate, just consider a used one. There are dozens of i3 models currently listed on Autotrader for under $20,000, and some are even under $15,000 — a good deal for a futuristic vehicle that still looks cool and interesting, even four years after it went on sale. This i3 is offered by Mercedes-Benz of San Jose with 35,000 miles. Find a used BMW i3 for sale
The full-size Hyundai Equus luxury sedan is one of the most-impressive deals on this list — in large part because the Equus is already a great value when it’s new, providing Mercedes-Benz-level equipment for less money. But it’s an even better deal on the used market, as this 2012 model shows: While this particular example has relatively high miles, at 118,000, it’s only a little more expensive than Equus models with lower odometer readings. Still, $13,595 is a truly amazing deal for a 6-year-old full-size luxury sedan — and this one is offered by Pearson Ford in the Indianapolis suburbs. Find a Hyundai Equus for sale
To me, the "W221" body style of the Mercedes-Benz S-Class — sold from 2007 to 2012 — still looks modern and handsome, especially considering its huge improvement over its mediocre predecessor. Given the modern looks, it’s amazing to me how cheaply you can buy an S-Class of this era from the original model year — even in nice shape, without unusually high miles or a rebuilt title. This 2007 S550 is offered by Mercedes-Benz of St. Paul in the Minneapolis area with normal miles for its age (127,000) and a price tag of just $13,407. Find a used Mercedes-Benz S 550 for sale
If you don’t mind the increasingly outdated looks, the first-generation Porsche Cayenne is getting cheap — very cheap. This example is offered for under $10,000, which is especially impressive considering it’s a V8-powered Cayenne S model rather than the mediocre Cayenne V6. Admittedly, this particular example has been driven quite a bit — it has 150,000 miles — but its price is in line with other aging Cayenne models from the first generation. It’s offered by McCloskey Motors in Colorado Springs, and it looks to be in excellent condition despite the mileage. Find a used Porsche Cayenne for sale
Yes, that’s right: You can get a Volvo S80 from this era for $6,500. To be clear, this isn’t the first-generation Volvo S80, which went on sale in 2000; this is the second-generation model, which still looks modern and upscale today. Indeed, this S80 must offer one of the best ratios of price to luxury image, as few other cars at this price point would look so perfectly at home at any country club or upscale resort. This S80 is offered with 98,000 miles by MB Motors in Ferndale, Washington, north of Seattle. Find a Volvo S80 for sale
Doug DeMuro is an automotive journalist who has written for many online and magazine publications. He once owned a Nissan Cube and a Ferrari 360 Modena. At the same time.