Apr 27, 2026

Buying New in 2026? Avoid These 5 Cars That Depreciate the Fastest

Written by Gabrielle Olya
|
Edited by Amen Oyiboke-Osifo
Discover a white 2023 Nissan Leaf electric vehicle (EV) driving down the street in a nice neighborhood

All cars lose value due to depreciation, but some lose their value more quickly than others -- and a new analysis found that some models lose over 60% of their value in just five years.

"Depreciation outpaces insurance, maintenance and fuel costs on most new cars," Karl Brauer, executive analyst at iSeeCars, said in a press release. "What may seem like a casual choice between two or three new vehicle options could cost a consumer tens of thousands of dollars in the first five years, which is why shoppers should always take depreciation into account before buying."

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A recent iSeeCars study analyzed over 950,000 five-year-old used cars sold in the U.S. from March 2025 to February 2026 to calculate five-year depreciation rates. It found that electric vehicles lose more value than any other vehicle type, dropping by 57.2% after five years, compared to an overall average drop of 41.8%. Luxury cars also tend to lose value quickly.

Here's a look at the five models with the highest five-year depreciation, ranked by percent change.

  • Vehicle type: EV

  • Average 5-year depreciation (%): 63.1%

  • Average 5-year depreciation ($): $17,743

  • Vehicle type: SUV

  • Average 5-year depreciation (%): 62.8%

  • Average 5-year depreciation ($): $52,631

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  • Vehicle type: EV

  • Average 5-year depreciation (%): 62.1%

  • Average 5-year depreciation ($): $28,010

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  • Vehicle type: EV

  • Average 5-year depreciation (%): 62%

  • Average 5-year depreciation ($): $58,907

  • Vehicle type: SUV

  • Average 5-year depreciation (%): 61.7%

  • Average 5-year depreciation ($): $69,856

This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.

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Written by
Gabrielle Olya
Amen Oyiboke-Osifo
Edited by
Amen Oyiboke-Osifo