- Some off-lease used SUVs and pick-up trucks can be bought for prices between $US17,000 and $US48,000.
- iSeeCars.com analysed more than 4.1 million cars to find the 10 SUVs and three pick-ups trucks that had the lowest 3-year-old used price.
- The average depreciation rate for the top-10 almost-new SUVs after three years fell between 41.7% and 47.2%.
- Pick-up trucks did not have as high a 3-year-old depreciation rate, as the three cars listed had an average of 23.3%.
We all love a good deal when we see one. One of the better deals on the market is the purchase of an almost-new off-lease used car, meaning one that has only seen three years of use on the road.
The automotive search engine iSeeCars.com recently commissioned a study to look at the used car industry, where they found the best used-car deals out there. But the study also took a more focused measurement of which are the best used cars that can be had for the very lowest price.
iSeeCars.com also looked at the specific field of SUVs and pick-up trucks, which are now among the most popular cars on the entire market. This list includes nine domestic models and four imports, featuring companies such as Ford, GMC, Buick, Acura, and Mercedes-Benz. Ford recently followed FCA’s lead and began to eliminate their sedan business in favour of producing SUVs and crossovers. Pick-up trucks are among the best-selling cars in the United States, with the Ford F-Series being the number one best selling full-size pickup in the country for thirty years.
Among the 4.1 million cars surveyed measuring models with the greatest loss in value after three years, iSeeCars.com ranked the top 10 SUVs and the top three pickup trucks.
The SUV depreciation rate after three years fell between 41.7% to a 47.2% for the 10 models chosen.
“The top depreciating SUVs are exclusively crossovers, with six midsize, three compact, and one full-size” said iSeeCars CEO Phong Ly in a statement. “The lone full-size crossover model, the GMC Acadia, underwent a redesign in 2017 to become a midsize crossover, and this change likely contributed to the price drop on its older models.”
In terms of pick-up trucks, the survey only ranked three total cars, which had an average depreciation rate of 23.3%, far lower than the average depreciation rate of 35% for all vehicle models in the survey.
“Below-average depreciation isn’t surprising when you consider the increased demand for trucks,” said Ly. “People tend to use their pickup trucks for work and hold onto them, which limits the supply in the secondary marketplace.”
Let’s take a look at each of these SUVs and pick-up trucks below.
13. GMC Sierra 1500
Depreciation : 26.7%
Average 3-year-old used price : $US44,284
12. Ford F-150
Depreciation : $US32.4%
Average 3-year-old used price : $US48,685
11. Ram Ram Pickup 1500
Depreciation : 33.2%
Average 3-year-old used price : $US41,803
10. Chevrolet Traverse
Depreciation : 41.7%
Average 3-year-old used price : $US22,507
9. Acura MDX
Depreciation : 42.2%
Average 3-year-old used price : $US30,500
8. Buick Encore
Depreciation : $US42.8%
Average 3-year-old used price : $US17,003
7. Kia Sorento
Depreciation : $US42.9%
Average 3-year-old used price : $US17,939
6. GMC Acadia
Depreciation : 43.1%
Average 3-year-old used price : $US26,164
5. BMW X5
Depreciation : 44.1%
Average 3-year-old used price : $US39,268
4. Lincoln MKC
Depreciation : 44.3%
Average 3-year-old used price : $US24,544
3. Mercedes-Benz M-Class
Depreciation : 46.2%
Average 3-year-old used price : $US34,628
2. Buick Enclave
Depreciation : 46.8%
Average 3-year-old used price : $US26,620
1. Cadillac SRX
Depreciation : 47.2%
Average 3-year-old used price : $US26,291
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