These are the top 20 used cars that pay the most

In contrast, other cars retain their near-full prices even after 12 months and more than 10,000 miles (16,000 kilometers) of use. Used car buyers considering one of these models are making minimal savings and should probably buy a brand new model instead.

iSeeCars analyzed over 1.6 million new and less used cars to determine which used models offer the biggest savings compared to new, and which less used vehicles are so expensive that buyers should skip the used versions and just buy new, N1 reports.

“Car buyers looking for the best value often buy used models over new,” said Carl Brauer, executive analyst at iSeeCars.

“Although a used car almost always costs less than a new one, some models lose more than 25 percent of their value after just one year, giving buyers the experience of almost new vehicle ownership at a significant savings,” he added.

All the cars on this list lost at least 28 percent of their value in one year, with the Mercedes-Benz EQS and Nissan LEAF losing almost half their value.

With electric cars accounting for five of the top 10 cars that lost value after a year, it’s clear that vehicle buyers don’t have the same affinity for electric vehicles as new buyers. With a total of eight electric vehicles, most of them are luxury cars or older models in need of a redesign.

20 most profitable new cars

“Buyers looking for used car value should avoid these cars, which offer less than a 10 percent savings compared to a brand new model,” Brower said.

“At these prices, buyers are better off just buying a new model and getting the full new car experience at a slightly higher price,” he added.

Hybrids they make up five of the 10 most used models that have retained their value, indicating an increasing awareness and benefits of hybrid technology.

After years of seeing used cars cost more than new models due to supply chain issues, The Land Rover Range Rover is the only lightly used model to retain that status. The Range Rover is produced in limited quantities and attracts affluent buyers. Clearly, that customer base is willing to pay more to avoid waiting for a new model to arrive at their local dealer.

Looking at the other brands on the list, Toyota leads with five models, followed by Chevrolet and Honda with three each. Despite aggressive price cuts over the past year, Tesla’s Model X and Y are still in the top 20.

For buyers on a tight budget, iSeeCars has identified which cars offer the best deals at lower price points. The best options for buying used vs. new and new vs. used are listed for each range, on the vehicle price axis.

Thus, the most profitable used cars, which cost less than 20,000 dollars, are the Nissan Leaf (after one year it loses 45.7% of its value) and the Mitsubishi Mirage G4 (-16.9%).

On the other hand, the best value new car under $20,000 is the Kia Rio which loses only 0.1% of its value in a year and holds its value so well that the annual savings for this model is only 21 dollars.

(Source: Poslovni.hr, Bankar)