Automobiles are valuable properties that many people dream of owning. Most owners expect to keep their vehicles brand new from 5 to 10 years, or push the car to approximately 160,000 kilometers to test its endurance. However, each car segment has a different lifespan and durability. While SUVs and minivans are crowned as the longest-lasting cars, luxury sedans reportedly have a higher turnover rate.
In fact, many buyers of both luxury and economy car segments have expressed their disappointment and decided to resell their vehicles within one year of their purchase. And here is the list of 11 cars that owners have the highest tendency to get rid of within a year of driving, to which potential customers should pay attention if they are the type who wish to keep their vehicles company for as long as possible.
11. Nissan Versa sedan
Nissan Versa sedan is currently one of the ten cheapest cars on the American market, yet not many Versa buyers enjoy the experience within the first year of driving. A survey shows that over 3% of Versa owners resell their cars in the first year of ownership. Nonetheless, according to Nissan, about 132,000 Versa were sold in 2016 alone – a relatively high number that may surprise many disappointed customers.
Nissan Versa sedan is currently one of the ten cheapest cars on the American market
10. Subaru WRX
J.D Power states that the quality index of Subaru WRX is fairly low. In reality, the sports car originated from Japan cannot also satisfy its owners in the long run. This explains why approximately 3.3% of the WRXs are resold within one year since their purchase.
Approximately 3.3% of the WRXs are resold within one year since their purchase
9. Chrysler 200
It is a huge mistake to defend the Chrysler 200 based on a report by J.D. Power and Consumer Reports. The mid-level sedan receives low marks for its quality and reliability in both reports. About 4% of the Chrysler buyers sell their vehicle after a year and lose around 30% off the original price. This is indeed quite terrible.
About 4% of Chrysler buyers sell their vehicle after a year
8. Mercedes E-Class
According to some analysis, both the BMW and Mercedes have incentives to encourage dealers to sell new cars. If dealers buy and keep the new ones in stock, they can resell the car to their customers and allow payment in installments, including loan interest. On the other hand, consumers are always tempted to buy the latest models. Therefore, dealers have a good reason to sell those models at a discounted price yet still gain profit from consumers who wish to change their vehicles. This theory explains why many E-Class sedans are resold within their first year at a price of 19% less than the original price.
Many E-Class sedans are resold within their first year at a price of 19% less than the original price
7. BMW 4 Series
For the same reason as the Mercedes E-Class, the BMW 4 Series is another common model to be resold after a year of usage. It costs each owner around 8800 dollars (P463,651) to discard a 4 Series car after a year, which is equivalent to 17.3% of its original purchase price.
It costs each owner around 8800 dollars (P463,651) to discard a 4 Series car after a year
6. BMW X3
The BMW X3 is the one and only SUV labeled as a “failure” after a year of driving. Once again, it is clear why dealers allow payment in installments, and why drivers are often curious of and interested in new BMW models. However, the X3 owners who resell their cars will lose 12.7% off the original price, which is equal to 6600 US dollars.
The BMW X3 is the one and only SUV labeled as a “failure” after a year of driving
5. Dodge Dart
While luxury auto dealers might have ways to dodge the issues in resold cars, the Dodge Dart is simply a disappointment to its customers considering its poor marks on both quality and reliability. Worst criticism was thrown at Dodge Dart by several journalists in 2016. After just one year of ownership, Dodge Dart does not only cost its owners a fortune but also has its price suffer a 27% drop – about 5720 US dollars.
The Dodge Dart is simply a disappointment to its customers considering its poor marks on both quality and reliability
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4. Nissan Versa Note
The fairly cheap Nissan Versa Note is also listed as one of the disappointing sedans in the first year since its purchase. Apparently, the Versa Note owners will also suffer from a significant loss upon reselling their car, since its value will decline by 20%.
The Nissan Versa Note is also listed as one of the disappointing sedans in the first year since its purchase
3. Mercedes-Benz C-Class
Next up is another Mercedes model that 6% owners of which want to get rid of within the first year of driving: the Mercedes-Benz C-Class. According to some experts in automobile sales, the C-Class is not worth that much money from the consumers.
The C-Class is not worth that much money from the consumers
2. BMW 5 Series
It is a stunning fact that 7% of the owners reselling their BMW 5 Series in the first year. When 5 Series goes back to the market, each buyer must sacrifice 18% of the original price. Such is a golden opportunity for consumers looking for used luxury models, said experts in car sales.
It is a stunning fact that 7% of the owners reselling their BMW 5 Series in the first year
1. BMW 3 Series
Between 2015 and 2016, BMW had sold 165,000 cars of the 3 Series in the U.S. However, 8% of them were advertised for resale after the first year, which was five times higher than the average turnover rate of 1.5%. Owners of the BMW 3 Series will experience a drop of 18% of the car’s original price when they put their used cars on the market.
Owners of the BMW 3 Series will experience a drop of 18% of the car’s original price when they put their used cars on the market
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