5 Cars that DO NOT hold their value well

There are some cars out there that hold their value well. High end sports cars are some of them. Then there are cars that don’t hold their value well at all. Those cars include some of the more common cars or cars that are surrounded by speculation of poor quality. Sometimes a lot of that speculation is warranted because of past performance in the quality department.

The top five cars (or bottom five depending on how you think about it) for not holding their value are either Chrysler/Dodge or Kia cars.
Here are some of the cars that Forbes found to hold less than 20% of their value after just five years:

1) The Chrysler Sebring Convertible. While it looks sporty to some, this car doesn’t hold value well at all. The MSRP is $28,530 and after just two years its value is only 27% of its original MSRP. After five years, the value fell to just 15% of its original MSRP.

2) Kia Sedona. Kia has been seen by many as a low quality automobile company. The Kia Sedona is just one of the vehicles that the company makes that doesn’t hold its value well. With an MSRP of $21,245 it too (like the Sebring) only holds 15% of its original value after 5 years.

3) Kit Optima Sedan. It does a hair better than the Sedona and Sebring. With an MSRP of $17,495, it holds 17% of its original value after five years.

4) Kia Spectra Sedan. With an MSRP of only $13,550, you will still lose a lot of its original MSRP, but it won’t seem to hurt as bad with it’s 17% value retention after five years.

5) Dodge Grand Caravan. This minivan’s MSRP is $23,545 and only holds 17% of its original value after five years like the previous three vehicles.

Some of the problems with Dodge cars not holding their value well is associated with the uncertainty of the company’s ability to stay in business in the future.

Before buying a car, you can check the resell value for the next few years; you can also check quality reports for the cars. If you have your heart set on one model, then just make sure that you will be getting what you consider to be a good value and make and informed decision to know what your investing in; even if the model doesn’t hold its value well (besides, what does resell value mean if you plan on keeping the car until you eventually run it into the ground?).

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