Everyone wants to own a new car.
But no one can deny just how quickly their value depreciates once you drive them out of the dealership...
Some cars fare better than others.
Here are the top 10 cars that depreciated the least in 2014, according to data provided by the NADA.
#10: Mazda6 - 70.6% resale value
The new Mazda6 is a fun-to-drive mid-size that looks great, runs efficiently and packs awesome features! Its resale value for 2014 is at 70.6% of its MSRP, which is a definite plus if you're thinking about owning one.
How does it compare?
- Resale value is 12% better compared to outgoing model
- Resale value is 10% higher compared to the mid-size sedan average
#9: Chevrolet SS - 71.6% resale value
The SS is a large rear-wheel sporty sedan with a conservative style. It's 6.2L V8 engine will give you aggressive performance with 425 HP. Its resale value for 2014 is 71.6% - a great number for this model's first year on the market.
#8: GMC Sierra - 72.7% resale value
Three cars are tied with a resale value of 72.7%, and respectively go to 8th, 7th, and 6th place.
The GMC Sierra 1500 Crew Cab SLE is GMC's most purchased model. This vehicle is equipped with a 5.3L V8 for the whopping 355 HP and 383 lb-ft of torque. Additional features include 4-wheel drive, cylinder deactivation, direct injection and variable valve timing.
#7: Jeep Cherokee - 72.7% resale value
The 2014 Jeep Cherokee doesn't please everyone's eye, but its modest 2.4L 4-wheel drive sport submodel is its most popular version. The Cherokee keeps a resale value of 72.7% of MSRP, beating the average compact crossover resale value with 3.9%.
#6: Mini Cooper - 72.7% resale value
The new Mini Cooper Hadrtop model is a little bigger and a little cheaper (its base price was reduced by $1,500). Its 3-cylinder turbocharged engine takes it to 6th place with a resale value of 72.7%, beating the average sport car resale value with close to 5%.
#5: Nissan Rogue - 73.1% resale value
This model blows competitor compact crossovers away thanks to its superior fuel economy and its great style. The versatile Rogue has a resale value of 73.1% of its MSRP.
#4: Toyota 4Runner - 77.1% resale value
The extra-large and fuel-hungry Toyota 4Runner is far from going extinct. This SUV deserves its fan base - the vehicle has an aggressive appearance and is perfect for off-roading. The 4Runner takes 4th place with a resale value of 77.1%.
#3: Toyota Highlander - 78.8% resale value
The awesome new style of this crossover Toyota coupled with super cool new features like the Driver EasySpeak system slide the Highlander into third place. This model has a resale value of 78.8% of its MSRP.
#2: Subaru Forester - 81% resale value
The 2014 Subaru Forester model features a useful rear-view camera, all-wheel driveability and the EyeSight safety suite. It deserves its 2nd place spot with an 81% resale value.
#1: Corvette Stingray - 84.7% resale value
No one would expect a sport car to take first place, but the Stingray is no ordinary car. It's equipped with an aggressive 6.2L V8 for 450 HP and 450 lb-ft of torque. But what really makes this model popular is its Z51 performance package. The system delivers a magnetic ride control suspension setup which reacts to the terrain and driving conditions for a better driving experience. The Corvette Stingray wins 1st place with a resale value of 84.7%.
So is a new car a bad investment?
Ultimately, the decision is yours.