U.S. markets closed
  • S&P 500

    3,825.33
    +39.95 (+1.06%)
     
  • Dow 30

    31,097.26
    +321.86 (+1.05%)
     
  • Nasdaq

    11,127.84
    +99.14 (+0.90%)
     
  • Russell 2000

    1,727.76
    +19.77 (+1.16%)
     
  • Crude Oil

    110.49
    +2.06 (+1.90%)
     
  • Gold

    1,807.10
    +5.60 (+0.31%)
     
  • Silver

    19.86
    +0.20 (+1.01%)
     
  • EUR/USD

    1.0428
    +0.0001 (+0.01%)
     
  • 10-Yr Bond

    2.8890
    0.0000 (0.00%)
     
  • GBP/USD

    1.2109
    +0.0006 (+0.05%)
     
  • USD/JPY

    135.6890
    +0.5140 (+0.38%)
     
  • BTC-USD

    19,703.17
    +573.91 (+3.00%)
     
  • CMC Crypto 200

    426.97
    +6.83 (+1.63%)
     
  • FTSE 100

    7,232.65
    +64.00 (+0.89%)
     
  • Nikkei 225

    26,153.81
    +218.19 (+0.84%)
     

30 Surprising Cars That Lose Value Fast

·9 min read
©FCA US LLC / FCA US LLC
©FCA US LLC / FCA US LLC

There's no surefire way to know how fast your new car will succumb to depreciation. After all, you can rapidly accelerate the rate at which it loses value by putting on miles too fast, going too long between oil changes or crashing it into a tree. However, provided there aren't any major unanticipated depreciation events, there are ways to predict how fast a car will lose its value based on its make and model.

Read: Auto Expenses You Can Expect If You Haven’t Driven During Quarantine

GOBankingRates conducted a study to find 30 popular cars that lose their value fairly quickly. Using Edmunds.com's True Cost to Own calculator, the study shows just how fast you should expect your new car's value to deteriorate. It uses the following assumptions:

  • You will drive 15,000 miles per year

  • You are using traditional financing rather than a lease

  • You have an above-average credit rating

  • You make a 10% down payment at purchase

  • Your loan term is five years

With those assumptions in place, GOBankingRates looked at the cost breakdown of each car for estimates across various spending categories -- such as insurance, fuel and maintenance costs -- as well as depreciation over the first five years. This gives you a better idea of how much it will actually cost to own and drive that car. It's important to remember your monthly payment is just one of many costs you will continuously encounter over your car's life.

Find Out: 15 Great Cars To Own for More Than 15 Years

So, see if one of these 30 well-known cars is sitting in your driveway and just how much value it will have lost after five years of driving.

Last updated: June 2, 2021

2020 Jeep Wrangler High Altitude in Black.
2020 Jeep Wrangler High Altitude in Black.

2020 Jeep Wrangler

  • Total cash price: $33,862

  • Five-year drop in value: 29.16%

  • Five-year depreciation total: $9,875

  • Five-year totals for:

    • Taxes and fees: $3,765

    • Financing: $5,293

    • Fuel: $14,774

    • Insurance: $5,148

    • Maintenance: $3,925

    • Repairs: $1,565

  • True cost to own: $44,345

Learn: 35 American Cars To Buy When the Auto Industry Is Back

2020 Toyota 4Runner
2020 Toyota 4Runner

2020 Toyota 4Runner

  • Total cash price: $39,726

  • Five-year drop in value: 29.62%

  • Five-year depreciation total: $11,766

  • Five-year totals for:

    • Taxes and fees: $4,427

    • Financing: $6,210

    • Fuel: $16,407

    • Insurance: $6,954

    • Maintenance: $5,011

    • Repairs: $773

  • True cost to own: $51,548

Find Out: 17 Hidden Auto Costs Your Dealer Will Never Tell You About

2020 Toyota Tacoma
2020 Toyota Tacoma

2020 Toyota Tacoma

  • Total cash price: $29,532

  • Five-year drop in value: 33.98%

  • Five-year depreciation total: $10,036

  • Five-year totals for:

    • Taxes and fees: $3,502

    • Financing: $4,616

    • Fuel: $14,063

    • Insurance: $6,098

    • Maintenance: $5,377

    • Repairs: $773

  • True cost to own: $44,465

Read More: The Best and the Worst Time of the Year to Buy a New Car

2020 Chevrolet Tahoe Premier Plus special edition.
2020 Chevrolet Tahoe Premier Plus special edition.

2020 Chevrolet Tahoe

  • Total cash price: $47,654

  • Five-year drop in value: 36.75%

  • Five-year depreciation total: $17,512

  • Five-year totals for:

    • Taxes and fees: $5,647

    • Financing: $7,449

    • Fuel: $16,407

    • Insurance: $5,846

    • Maintenance: $5,496

    • Repairs: $966

  • True cost to own: $59,323

2020 Honda CR-V Touring.
2020 Honda CR-V Touring.

2020 Honda CR-V

  • Total cash price: $26,819

  • Five-year drop in value: 37.92%

  • Five-year depreciation total: $10,170

  • Five-year totals for:

    • Taxes and fees: $3,049

    • Financing: $4,192

    • Fuel: $9,849

    • Insurance: $5,678

    • Maintenance: $4,683

    • Repairs: $917

  • True cost to own: $38,538

2020 Toyota RAV4
2020 Toyota RAV4

2020 Toyota RAV4

  • Total cash price: $28,457

  • Five-year drop in value: 38.09%

  • Five-year depreciation total: $10,838

  • Five-year totals for:

    • Taxes and fees: $3,197

    • Financing: $4,448

    • Fuel: $9,849

    • Insurance: $6,698

    • Maintenance: $4,982

    • Repairs: $773

  • True cost to own: $40,785

2020 Subaru Crosstrek
2020 Subaru Crosstrek

2020 Subaru Crosstrek

  • Total cash price: $24,164

  • Five-year drop in value: 38.55%

  • Five-year depreciation total: $9,316

  • Five-year totals for:

    • Taxes and fees: $2,780

    • Financing: $3,777

    • Fuel: $11,818

    • Insurance: $6,504

    • Maintenance: $5,750

    • Repairs: $945

  • True cost to own: $40,890

See: 23 Car Upgrades That Are Worth the Price

2020 Toyota Highlander
2020 Toyota Highlander

2020 Toyota Highlander

  • Total cash price: $40,317

  • Five-year drop in value: 39.13%

  • Five-year depreciation total: $15,775

  • Five-year totals for:

    • Taxes and fees: $4,349

    • Financing: $6,302

    • Fuel: $12,311

    • Insurance: $6,371

    • Maintenance: $5,350

    • Repairs: $773

  • True cost to own: $51,231

2020 Dodge Challenger R/T Scat Pack Widebody.
2020 Dodge Challenger R/T Scat Pack Widebody.

2020 Dodge Challenger

  • Total cash price: $30,625

  • Five-year drop in value: 39.98%

  • Five-year depreciation total: $12,244

  • Five-year totals for:

    • Taxes and fees: $3,680

    • Financing: $4,787

    • Fuel: $12,842

    • Insurance: $8,735

    • Maintenance: $4,221

    • Repairs: $966

  • True cost to own: $47,475

2020 Subaru Forester
2020 Subaru Forester

2020 Subaru Forester

  • Total cash price: $26,982

  • Five-year drop in value: 40.35%

  • Five-year depreciation total: $10,888

  • Five-year totals for:

    • Taxes and fees: $3,057

    • Financing: $4,218

    • Fuel: $10,184

    • Insurance: $6,457

    • Maintenance: $5,244

    • Repairs: $945

  • True cost to own: $40,993

America’s favorite full-size pickup, the 2020 Ford F-150 is the tough, smart and capable partner that suits every need from die-hard work truck to trail bashing pre-runner.
America’s favorite full-size pickup, the 2020 Ford F-150 is the tough, smart and capable partner that suits every need from die-hard work truck to trail bashing pre-runner.

2020 Ford F-150

  • Total cash price: $37,080

  • Five-year drop in value: 41.50%

  • Five-year depreciation total: $15,389

  • Five-year totals for:

    • Taxes and fees: $4,249

    • Financing: $5,796

    • Fuel: $14,774

    • Insurance: $7,715

    • Maintenance: $5,436

    • Repairs: $1,043

  • True cost to own: $54,402

2020 Ford Mustang GT
2020 Ford Mustang GT

2020 Ford Mustang

  • Total cash price: $32,018

  • Five-year drop in value: 41.73%

  • Five-year depreciation total: $13,362

  • Five-year totals for:

    • Taxes and fees: $3,578

    • Financing: $5,005

    • Fuel: $13,273

    • Insurance: $6,983

    • Maintenance: $4,700

    • Repairs: $1,022

  • True cost to own: $47,923

2020 Toyota RAV-4 Hybrid
2020 Toyota RAV-4 Hybrid

2020 Toyota RAV-4 Hybrid

  • Total cash price: $43,216

  • Five-year drop in value: 42.10%

  • Five-year depreciation total: $18,194

  • Five-year totals for:

    • Taxes and fees: $4,670

    • Financing: $6,755

    • Fuel: $7,386

    • Insurance: $7,234

    • Maintenance: $5,734

    • Repairs: $887

  • True cost to own: $50,860

The Dodge Charger Scat Pack Widebody is powered by the 392-cubic-inch HEMI® V-8 engine with the best-in-class naturally aspirated 485 horsepower mated to the TorqueFlite 8HP70 eight-speed transmission.
The Dodge Charger Scat Pack Widebody is powered by the 392-cubic-inch HEMI® V-8 engine with the best-in-class naturally aspirated 485 horsepower mated to the TorqueFlite 8HP70 eight-speed transmission.

2020 Dodge Charger

  • Total cash price: $31,778

  • Five-year drop in value: 42.43%

  • Five-year depreciation total: $13,484

  • Five-year totals for:

    • Taxes and fees: $3,796

    • Financing: $4,968

    • Fuel: $12,842

    • Insurance: $8,601

    • Maintenance: $4,873

    • Repairs: $966

  • True cost to own: $49,530

2020 Honda Accord Hybrid.
2020 Honda Accord Hybrid.

2020 Honda Accord

  • Total cash price: $24,833

  • Five-year drop in value: 42.77%

  • Five-year depreciation total: $10,620

  • Five-year totals for:

    • Taxes and fees: $2,829

    • Financing: $3,882

    • Fuel: $8,963

    • Insurance: $6,237

    • Maintenance: $3,987

    • Repairs: $917

  • True cost to own: $37,435

Discover: 25 Sneaky Car Dealership Tricks To Avoid at All Costs

2020 Honda Civic Sedan Touring.
2020 Honda Civic Sedan Touring.

2020 Honda Civic

  • Total cash price: $21,161

  • Five-year drop in value: 43.17%

  • Five-year depreciation total: $9,135

  • Five-year totals for:

    • Taxes and fees: $2,457

    • Financing: $3,308

    • Fuel: $10,184

    • Insurance: $6,922

    • Maintenance: $3,755

    • Repairs: $773

  • True cost to own: $36,534

2018 Toyota Camry Hybrid Sedan
2018 Toyota Camry Hybrid Sedan

2020 Toyota Camry

  • Total cash price: $31,082

  • Five-year drop in value: 44.45%

  • Five-year depreciation total: $13,817

  • Five-year totals for:

    • Taxes and fees: $3,519

    • Financing: $4,859

    • Fuel: $9,534

    • Insurance: $7,921

    • Maintenance: $3,905

    • Repairs: $773

  • True cost to own: $44,328

2020 Honda Pilot Elite.
2020 Honda Pilot Elite.

2020 Honda Pilot

  • Total cash price: $32,355

  • Five-year drop in value: 44.61%

  • Five-year depreciation total: $14,432

  • Five-year totals for:

    • Taxes and fees: $3,567

    • Financing: $5,058

    • Fuel: $13,433

    • Insurance: $5,963

    • Maintenance: $5,718

    • Repairs: $773

  • True cost to own: $48,944

2020 Nissan Rogue
2020 Nissan Rogue

2020 Nissan Rogue

  • Total cash price: $25,949

  • Five-year drop in value: 44.71%

  • Five-year depreciation total: $11,603

  • Five-year totals for:

    • Taxes and fees: $3,125

    • Financing: $4,056

    • Fuel: $10,184

    • Insurance: $6,777

    • Maintenance: $6,736

    • Repairs: $773

  • True cost to own: $43,254

2020 Lexus LX 570
2020 Lexus LX 570

2020 Lexus LX 570

  • Total cash price: $98,964

  • Five-year drop in value: 44.79%

  • Five-year depreciation total: $44,324

  • Five-year totals for:

    • Taxes and fees: $10,717

    • Financing: $15,470

    • Fuel: $22,745

    • Insurance: $9,631

    • Maintenance: $7,361

    • Repairs: $1,243

  • True cost to own: $111,491

2020 Chevrolet Equinox.
2020 Chevrolet Equinox.

2020 Chevrolet Equinox

  • Total cash price: $25,559

  • Five-year drop in value: 44.93%

  • Five-year depreciation total: $11,484

  • Five-year totals for:

    • Taxes and fees: $2,825

    • Financing: $3,995

    • Fuel: $10,558

    • Insurance: $7,207

    • Maintenance: $5,919

    • Repairs: $1,071

  • True cost to own: $43,059

2020 Subaru Outback
2020 Subaru Outback

2020 Subaru Outback

  • Total cash price: $28,307

  • Five-year drop in value: 44.94%

  • Five-year depreciation total: $12,720

  • Five-year totals for:

    • Taxes and fees: $3,167

    • Financing: $4,425

    • Fuel: $10,184

    • Insurance: $6,354

    • Maintenance: $5,421

    • Repairs: $945

  • True cost to own: $43,216

2020 Acura MDX Sport Hybrid.
2020 Acura MDX Sport Hybrid.

2020 Acura RDX

  • Total cash price: $37,941

  • Five-year drop in value: 46.35%

  • Five-year depreciation total: $17,585

  • Five-year totals for:

    • Taxes and fees: $4,114

    • Financing: $5,931

    • Fuel: $13,273

    • Insurance: $6,187

    • Maintenance: $5,687

    • Repairs: $1,205

  • True cost to own: $53,982

Check Out: 16 Unexpected Car Costs and How To Prepare For Them Now

2020 Mazda CX-5

  • Total cash price: $27,632

  • Five-year drop in value: 47.35%

  • Five-year depreciation total: $13,085

  • Five-year totals for:

    • Taxes and fees: $3,178

    • Financing: $4,319

    • Fuel: $10,558

    • Insurance: $5,948

    • Maintenance: $5,368

    • Repairs: $858

  • True cost to own: $43,314

2020 Jeep® Cherokee Overland.
2020 Jeep® Cherokee Overland.

2020 Jeep Cherokee

  • Total cash price: $27,755

  • Five-year drop in value: 47.65%

  • Five-year depreciation total: $13,224

  • Five-year totals for:

    • Taxes and fees: $3,251

    • Financing: $4,339

    • Fuel: $11,818

    • Insurance: $6,419

    • Maintenance: $3,479

    • Repairs: $1,488

  • True cost to own: $44,018

2020 Lexus RX 350
2020 Lexus RX 350

2020 Lexus RX 350

  • Total cash price: $49,276

  • Five-year drop in value: 48.46%

  • Five-year depreciation total: $23,878

  • Five-year totals for:

    • Taxes and fees: $5,456

    • Financing: $7,703

    • Fuel: $12,842

    • Insurance: $8,086

    • Maintenance: $7,195

    • Repairs: $1,087

  • True cost to own: $66,247

Ford introduces its all-new 2020 Explorer – a complete redesign of America’s all-time best-selling SUV – that now features the broadest model lineup ever, more power and space, and smart new technologies to help tackle life’s adventures.
Ford introduces its all-new 2020 Explorer – a complete redesign of America’s all-time best-selling SUV – that now features the broadest model lineup ever, more power and space, and smart new technologies to help tackle life’s adventures.

2020 Ford Explorer

  • Total cash price: $42,556

  • Five-year drop in value: 48.64%

  • Five-year depreciation total: $20,700

  • Five-year totals for:

    • Taxes and fees: $4,661

    • Financing: $6,652

    • Fuel: $12,311

    • Insurance: $7,116

    • Maintenance: $4,766

    • Repairs: $1,071

  • True cost to own: $57,277

2020 Chevrolet Traverse High Country.
2020 Chevrolet Traverse High Country.

2020 Chevrolet Traverse

  • Total cash price: $32,911

  • Five-year drop in value: 51.29%

  • Five-year depreciation total: $16,879

  • Five-year totals for:

    • Taxes and fees: $3,863

    • Financing: $5,145

    • Fuel: $14,063

    • Insurance: $5,582

    • Maintenance: $6,293

    • Repairs: $966

  • True cost to own: $52,791

2020 Nissan Maxima
2020 Nissan Maxima

2020 Nissan Maxima

  • Total cash price: $33,803

  • Five-year drop in value: 52.94%

  • Five-year depreciation total: $17,894

  • Five-year totals for:

    • Taxes and fees: $4,009

    • Financing: $5,284

    • Fuel: $13,273

    • Insurance: $9,491

    • Maintenance: $4,772

    • Repairs: $773

  • True cost to own: $55,496

2020 Jeep® Grand Cherokee Summit.
2020 Jeep® Grand Cherokee Summit.

2020 Jeep Grand Cherokee

  • Total cash price: $34,617

  • Five-year drop in value: 54.11%

  • Five-year depreciation total: $18,731

  • Five-year totals for:

    • Taxes and fees: $3,735

    • Financing: $5,411

    • Fuel: $14,063

    • Insurance: $6,317

    • Maintenance: $5,227

    • Repairs: $1,488

  • True cost to own: $54,972

More From GOBankingRates

Methodology: GOBankingRates analyzed the top 30 most researched vehicles (that had available data) according to Edmunds.com during March 2020 to discover how quickly these cars will depreciate over five years. Using the Edmunds.com's True Cost to Own pricing calculator, GOBankingRates analyzed each vehicle and found the five-year totals for (1) depreciation, (2) taxes and fees, (3) financing, (4) fuel costs, (5) insurance, (6) maintenance and (7) repairs. GOBankingRates then calculated the (8) five-year drop in value (%) for each vehicle. Depreciation costs were shown for each year while the remaining factors were only given five-year totals. GOBankingRates only considered 2020 models and kept the location for the calculations constant, using the ZIP code 90245 (El Segundo, California). The Edmunds Inc. True Cost to Own calculations use the following assumptions:

  • You will drive 15,000 miles per year

  • You are financing the vehicle using traditional financing, not lease financing

  • You have an above-average credit rating for the purpose of determining your finance rate

  • You are making a 10% down payment on the vehicle at purchase

  • Your loan term is five years or 60 months

The seven aforementioned totals were combined to give each car a (9) "true cost to own" value. Depreciation for each vehicle was calculated and based off each model's (10) total cash price, which is the vehicle's True Market Value‌® (TMV‌®) price plus any typically equipped options, destination charge, base tax, fees assessed by your state and, if applicable, gas guzzler tax.

This article originally appeared on GOBankingRates.com: 30 Surprising Cars That Lose Value Fast