AVOID!!! These Cars Are Depreciating SO MUCH in 2024!
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- Опубліковано 11 вер 2024
- These cars are depreciating heavily in 2024! You're probably going to want to avoid them because you could lose more than your shirt if you're buying these cars and SUVs. This is my advice and my take on car depreciation in 2024. So avoid some of these cars from Audi, BMW, Mercedes, Maserati, and more!
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I'm German, but I don't want any German car ,I'll get an old hearse ,like an old Cadillac and then drive to white castle and wait for customers
Haha, nice
Nah Cheesecake factory, We need em after you feed em😆😆🤣
Hilarious!
Im American, but I don't want any American car, give me a BMW 😎💪🏼💪🏼
Deutschland und USA bauen die besten Autos!!!!
I bought my 2020 BMW X5 40i 4 years ago new. 102,500 miles, zero issues, still drives like it's new.
I'm sure you will get another 100,000 miles with good maintenance
Great engines those B58s
Hi never say that out in public, otherwise it will run to opposite way
I have seen Audi with zero issues 100,000 miles. It’s not about some vehicles it’s about reliability and how many total vehicles which had issues more of percentage kind of thing
I was just stating that I’m happy with my vehicle.
…I realize that a used vehicle is significantly cheaper…but, there is a value w/ the new vehicle w/o the “unknown history” in a vehicle tho. That’s worth a few pennies if a buyer decides to keep for 15+ years.
To paraphrase the famous Mr. T, " I pity the fool who buys a BMW 7 series sedan"! I was tempted by the bargain pricing on a 2018 740i, but got spooked by the high quotes on full coverage insurance and potentially soul crushing repair bills. Thank you for this great and candid video.
My insurance is only 251 ah month for full coverage on my 7 series👀..
How much was insurance?
I had a 2001 7 series-big mistake
At trade in an Audi is called an "Ouchie", because the true market value after two years hurts like a summbetch! The bill of sale / transfer of ownership is a death certificate with a VIN number.
Haha I agree, it is devastating for the original owner but the second owner can get a windfall out of it
When I sold my 1993 BMW e34 525. It had 275,000 miles, looked great snd ran perfect.
Wish they would bring it back new😎
09 Tacoma owner here, 240k and still go'n! Paid 30k new for it with 0 miles. Burns NO oil, I have painted it and reupholstered the front seats with a few other updates and goodies I get a great looking truck for 1/4 the cost of a new one.
Cant believe he didnt mention the best car in the world but super depreciator Range Rover!
Mr. Canadian: Don't you know that "Certified Used Cars" is a SCAM ?!
Carvana multipoint inspection, LOL.
Not always, just research and know what you're buying, don't blindly accept "certified".
It’s not, volvo certification means 5 yrs or 10 yrs warranty and bmw certification extends regular warranty for 1 yr with unlimited miles
@@starjag85 ...innocence and gullibility...
Audi pre owned certification = huge giant smelly BS.
Don’t buy a Nissan Pathfinder. We bought one brand new one and it deprecated over $19k in 17 months.
Everyone provides some kind of context, but you provide it in a specific and interesting way.
I only buy used cars, so its good to see a nice discount when people trade up to newer cars. 👍
Yes a big discount just seems so right
Same here. I buy cars a few years old so the 1st owner eats some depreciation
Breaking News: All cars depreciate, unless they are sought after vintage or limited production supercars.
Why put Lexus as a thumbnail if you don’t talk about Lexus? You cheating to get clicks ?? It’s simply not nice
Audi for me one of the best makes, TSi engine is one of the best gas engines. The problem people does not understand, has some things you must understand, premium gas and etc… and 2018+ engines does not burn oil anymore. And yes believe or not, if you take a good care of the vehicle , car for 300k+ miles
Yes a solid maintenance regime can help extend the life of an vehicle
Absolutely agree. Most of the time when VW’s or Audis break, it’s because they have NOT been maintained properly or their owners have modified them. I’ve always had great experiences with both.
If you're going to buy a used car, stick with toyota, honda, and porsche.
The VW Group (Volkswagen, Audi, Škoda, Seat..) for the last 25 years has only been facelift, facelift, facelift..., old technology with new screens for the price of x2 and today x3, and all to pay off the debt of almost 200 billion Dollar as the most indebted company in the world
Yes it feels very obsolete as does some Audis, unless moving into the upper RS products
@@ECPPVW Golf holds its resale value I own a Golf 8 GTI for 3 years hardly lost its value
My 330l dropped $20k in just over a year. Good thing I lease!😅
You should do least depreciating cars too once in a while. I was shopping for a GX460 for wife n kids a few years back. Was very surprised to find out that a 3-4yr old low miles Lexus GX is almost same price as new… toyota wants an arm n a leg for those used GX460’s LX570’s and good luck finding a low priced low mileage used Land Cruiser (same body/engine style)…
Good idea!
question: why are so many auto manufacturers going to the smaller, turbo-charged engines?...
The race to be more "efficient", but really blame government regulations
Green movement and emissions tightening up etc etc
Govt regulation, planned obsolescence,and less expensive to build
@@nobodylmportant Pretty sure most have electric coolers that run when the vehicle is off. Though some may not have that feature.
EPA fuel mileage standards in the USA. Government is raising cost to build with ever increasing rules.
Good review on the levante..as a mechanic i cant find fault in mine .i think most people who walk into the masi dealer are not worried about the depreciation..its been better than most vehicles ive owned
Thanks very much and yes they are not as bad as paid editorials claim them to be. While it’s not a Toyota for reliability, it’s reasonable and the biggest limitation is access to dealer shops and parts
And another thing on that Cadillac when the magna ride front struts lock up. It will cost about 3000 dollars to repair.
I know about this. My XLR V has those things and they went out so I replaced them with Bilsteins and soldered in some resisters to keep the computer happy. Rides like new.
Ouch
If the "bargain price" on a used luxury car (like the ones in this vid) doesnt drain your wallet fast, just wait till you get a quote from your car insurance.
Ummmm, the AVERAGE depreciation of a new car at 5 years in the United States is 50.2%. None of these are far off. Not really such a deal for the second owner, particularly with so many vehicles that are shown here being horribly unreliable.
TRUE
It's 100% a better deal buying used. Why? Because you just get an extended warranty. 😂
Idk wht it is but my rule of thumb is I never buy a used car older than 3 yrs.
That’s typically been the sweet spot with a little warranty and some depreciation helps buying them ised. Market has shifted a little recently
Why, there's nothing wrong with an older vehicle
@@Vincent-ke5zn Varies on the vehicles, i think the persons 3yr timing is is the sweet spot for 30-40% depreciation and not as much wear and tear. So its still likely going to be close to new.
FWIW, most of the first time owners are leasing, not buying. Depreciation doesn't really matter if you're leasing, though, of course, the lower residual value means a higher lease...
What do you mean Infiniti has reliability issues??? My mom handed down her 2004 Infiniti sedan to my sister and it has 200k+ miles and going strong; no issues. My FX35 has 170k miles and no issues.
Wow the Audi drops 56% in 5 years!! All cars in the UK loose 60% over 5 years
Either way they lose a to. If cash but that can work in your favor if you find a good low mole car and know the ups and downs of it
@@ECPP hehe low "mole"
Audis are a Volkswagen plastic mock up 😂 I know I’ve owned 2 never again, you forgot to mention a jaguar?
I don't believe that BMW is now more reliable than Honda. There's likely a statistical quirk of some kind in the data.
I saw what you did by putting the Lexus on the thumbnail 👀
I'm really liking the black X5, might have to look at some used ones.
Thank you 🙏
Another great video.
I wholeheartedly agree that Nissan V8 SUV is a hidden gem now that Toyota buried their V8 SUVs.
Thank you for watching and yes that V8 by Nissan and Infiniti are actually great units other that being thirsty. Those larger SuVs also do t use the weak CVT that is found on their smaller vehicles
Last year for Nissan too. EPA regulations will kill big engines. In 3-5 years we’ll loose all v 8 engines in normal cars unless it’s very expensive sport car.
It seems like we have some people replying to Marks video that should be making thier own content. Obviously they know everything there is to know about the automotive industry so they should share their wisdom and knowledge with the rest of the world. In my experience, Mark is spot on 90% of the time. So please bless us with your immense experience so we can learn from you!!!
Good information as always, but why put a Lexus RX looking SUV with the 79% off and Green down arrow?
Click bait. Someone recognizes that grill and reads the caption. Instantly clicks.
I use to give those types of videos a thumbs down for baiting me.
Electrical problems are the absolute worst.
Amazing video. From this video Maserati levante ,jaguar Xf ,Bmw X5 40i and Nissan Qx80 fro reliability and fun drives
Modern BMW's and Audis are a nightmare. TONS of plastic parts in the engine bay. My mechanic says that new BMW's have absolutely terrible reliability and all servicing is a nightmare. Strong avoid. Ironically those modern Jaguars are probably much more reliable as they're more of older technology.
Yeah sure. So that why I didn't hear anything bad from the new bmws.
About the new Jaguar not sure if is reliable .Right now the m340i is one of the most reliable bmws .Didn't heard anything bad of them
I work at an Audi and BMW dealer. 70% of ppl lease these things. Beat it up and then 3 years later give it back and don’t look back. Never understood why people are shocked when they see it’s not worth anything after said time. Buy a Honda or Toyota. These German engineered vehicles are an experience NOT AN INVESTMENT !!
This is a joke. BMW is now ranked 3rd overall in reliability over brands like Honda and Toyato.. audi and merc are outside the top 20. First reported by this guy. Watch his merc3des vs bmw video he posted. Thr b58 and s58 are bulletproof
A6 Combi with 3lt Tdi V6 it's a brutal car , love it 🍻
Yes the V6 is the way to go in that car
That Mazerati Levante would've been a lovely sport wagon if lowered by a few inches and shrunk a but. In SUV form it's a bit pointless.
That’s a good point. Still some cool details on it that many other luxo brands lack
IMO, buy in 2nd or third year& buy from Pri Pty as you need a PAPER 's on the vehicle / track record..... Wholesaler's dump papers / Sad!
I totally agree, auction cars never have history but loving owners will likely have paperwork and stories about their car
These cars are meant to be leased for 3 years than sold as CPO. The only people who buy these cars new are people who think cars are an "investment" or people who are not good with money yet like people who have just come into money.
All the small cars that every body think are fancy they depreciate a lot
Tipping a Timmys at ya! Great video as usual
Thanks so much and good morning. I am going to get one right now too.
Im just done with these cars that are over 40k max i would go is 45k.
Audi a4,a5,a6,a3,q5, since 2017 with the 2.0 liter 4 cylinder use a 7 speed dual clutch transmission. A4 and a5 coupe or sportback share almost identical depreciation. S4, s5, and SQ5 first off have 349 horsepower and a zf8 transmission. The video is informational, but get the information correct. Any car after five years unless very unique or special is going to drop 50 percent in five years. At an average of 15000 miles per year that puts it at 60,000 miles. I don’t think you can even certify a car that old with that mileage. I love both the Audi and bmw brands, but that being said the b58tu from 2019 and on is the special motor from bmw. The 4 cylinder offerings from both brands are both pretty great.
So I guess this info is for those who don't mind those enormous car payments, for them just trade in every 2 years and make a monthly car payment a fact of life. True the 2nd buyer gets the deal, as long as it's a well built car and has been maintained.
Exactly then2nd owner can get 90 percent of the fun for 50 percent of the cost
porsche taycan. wave goodbye to 80 000 usd the minute you drive it off the forecourt.. most german crap u loose a fortune. range rover lol. 150k new worth about 10 usd 10 years later.
we just have a brand new toyota aygo nowadays. 16k usd brand new. got most our cash in the stock market making us money rather than loosing it on stupid cars
You sound bitter. Nobody who can afford a RR is worried about depreciation. That's what people like you don't understand. And they aren't cross-shopping Toyotas. Nobody cares what you have in your brokerage account
Many Porsches hold a strong value especially any GT series 🚙
@@jacobstrouble6631 you'll never get rich wasting money on cars. most cars are deprctiating assets that drain your money away.
you own a german car i gather lol? i've been driving for 45 years and never owned anything german.
we have no loans on our 3 cars all paid outright in cash. no mortgage on our 500k house.
200k in cash and investments. we drive a nissan leaf and toyota aygo..
@@isaachunt5799 You worship money. Not everyone aspire to be rich.
@@ECPP yes ofc. not the taycan.
Stop asking to subscribe, especially at the beginning of the video, it doesn’t work, people will subscribe themselves if they like your video.
I avoided all vehicles in this market depreciation sucks
I like and WOW amazing TY so much ,,Keep up the great work
Thank you and have a great day
Thanks for the information ❤
You are welcome
I live in Switzerland and most German cars going uo and down the roads are Audi's !!! Followed by BMW'S and Mercedes's of course! 😮
Most Swiss poeple just swear by mostly Audi's Q series.
I'm carrying on keeping my old Alfa Roméo even when mostly Audi's owners tell me
"what a crappy Italian car you own, man ! "
Really ?!
WTF !!!
And the Alfas had personality in spades over the sterile Audis
Avoid Toyotas, the quality had dropped.
If you can’t afford it new you MIGHT not be able to afford it used (maitenance)…
That’s often the truth
@12:13... "Evaporating into smoke" ?? Is this a new form of chemistry? Maybe car market chemistry?
Buy ( snow) stock it at bottom now
I guess i will continue to drive Acura or Toyota…
They lose value also. All cars do as soon as you take it off the lot
Lol, "Oil burning technology" built right in 🤣
Haha yes it’s
If people don’t realize turbos are just a huge money grab for these manufacturers..they are money pits when it comes to long term maintenance. Good luck minions!
All cars depreciate, the more it costs the more you lose…
I traded in a 2022 Hyundai Tucson this month. Obviously, trading in a 2022 is never going to be great but Hyundai is terrible. I’m pretty sure I paid about $35k for the Tucson. I got $17,500 back in trade after 3 years with 48,000 miles. The dealer has it listed for $21,500. Pretty terrible residual value. First and last Hyundai I’ll ever own and trying to get service was a painful experience. I just want a reliable car and got a 2025 Lexus NX350h.
I love waiting for buyers like you to sell. 😂
@@Freerider93 And I love buyers like you. Just know that every 2-3 year old used car on the lot is there because it was a lease, a loaner/rental or because it had problems. Mine had problems but you won’t figure what those are on a 10 minute test drive. Enjoy it!
How about x4? Pls advise!
X4 is reliable too .
I'll stick to my 08 corolla
Yeah you get the used Audis for a good price but the high costs for maintenance and repairs are a financial burden. Don’t buy it.
Got an IS500, pat myself on the back everyday
Do you approve the engine for bmw x5 2023 s40i.. I brought it just yesterday. Watch your videos all time
Even if they are reliable, but any maintenance or parts are extremely expensive $$$
No not on LEXUS
Yes many are on premium luxury vehicles especially the European units, but the trade off is a great driving experience
Oil burning technology 😂
I don't know what part of the country you are basing these prices on, but my wife had an Audi A6 on a 3 year lease...when the lease ended they gave her 10K more than the residual value of the lease...how do you explain that?
She either didn’t drive many miles or you caught the end wave of Covid where the value of vehicles shot through the roof due to the shortage of cars. Good for you for leasing. Do yourself a favor and don’t buy it out unless you are going to shell out for a fat warranty because you WILL NEED IT TRUST ME
I was looking at getting the new bmw 4 series.. now I’m not so sure because of all these bmw’s on your list. Lol
Haha
Smart people but Toyota.
Nice
Smart people by domestic cars a trucks and subs 😅. Toyota has a big recall.
The Lincoln Navigator is way superior over the Esclade.
"safety nannies..."... (: (i agree- it does feel like your mom is telling you how to drive...)...
Haha nice
All we want is affordable and dependable here to there safely that's it we don,t live in our cars dealers think we're still 18 years old our vroom veroon days are long gone
German, Italian cars are trash!! You lease them and had back the keys after the lease is done. Cadillac are so poorly made., $115k , insane. My buddy bought his trash Mercedes and nothin but problems and the cost are so ridiculous. Told him you're a fool and he didn't listen.
That lexus in ur thumbnail is clickbate
Any opinion about 3.0 tdi? It is for a long term reliability?
You lost me whan your said that the Jag was 'not as unreliable as people make them out to be'. Dream on. If you want to know the first names of all the local recovery truck drivers - buy a Landrover or a Jaguar.
SO when it comes to the Audi A6 ( and probably all of these vehicles ) , if buying them 3,4,5 years old would it become a STEAL ?
I'd like to know his thoughts too. I've owned a few used luxury cars that seemed crazy cheap but the repair costs are insane. I'm not sure it really makes sense unless you have friends/family connections in auto repair for your brand. And you'll have problems all the time even if you don't put many miles on in my experience.
No, because the regular repair costs are gonna annoy you. Comparably, japanese luxury cars are far more durable. And if you come across a dishonest mechanic that sounds legit, good luck to your wallet.
I looked at them and they seem like a good deal...but lots of problems and most repairs are engine out..
@@mikeo2524 can I please ask you for an example of "costs are insane" ? I try to find some examples so can I take an informative decision.
Bad new-car buy, but with with free-fall depreciation, great USED car buy in 3-4 years ...
What’s that spotted black paint color on the bmw?
Did not hold back in this one.
I thought it was funny when you said “only some minor electrical issues!”
An A7 with a bad paint match.
These cars should come with a bicycle so you can pedal home when it breaks.
🤦🏾♂️😂..bro u don’t have to tell me I live in the US..the same thing I be telling some guys don’t buy dem 💩😁
Cheerz
This video should be called the German Depreciation Syndrome.
Been a mechanic before the called us technician American cars are garbage since 1972
The car industries, dealer ,lenders and middle man who's got their hands in your pockets you pay big dollers, not for the vehicles, no wonder cars are so much, they want a huge piece of 🥧, and can get away with it. A community of robbers making these way over price knowingly the car loses value wow!
I have a question maybe someone can give me the answers, when buying a new car "Why can't they provide a mechanical book on the car itself"😮😢😅😅
You forgot the worst one… any Range Rover model.
That’s fair
I don't like video like this. It reveals my secrets!!! Honda and Toyota drivers, please keep buying your "reliable" cars. I will get my 3 years old BMW with cpo for the price of new Honda Accord
You can tell he doesn’t like Cadillac for some reason 😂… Lol Cadillac Escalade keep their value higher than most other luxury SUVs these days, specially the current one.
A6 with a 4 cylinder 😂 what the hell is that suppose to be?
I’ll sum up the whole video. If you care about depreciation, don’t buy new European vehicles.
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You should know it's easy and hard to make that much profit. I say EASY because it's very possible to make that much, and Hard because you'll need professional assistance to do it, I'd suggest you get assisted by a market advisor.
I'm an advocate for having a diverse investment strategy. I grew to a 5 figure mark with my portfolio having exposure to different areas of the market, including small and large-caps of the ETF index, blue chip stocks, coins, grade bonds and alternatives like cryptocurrency markets, as this helps manage the overall risk on my portfolio managed by my FA.. Credits to my adviser, Jonathan, i have no doubt investing more
This is impressive how could someone go about getting investment guidance from a coach like that, would you mind sharing your coach~info?
Sure! he interacts on what's Apk using the digit below.
All brands are overpriced pos
Sad but true
Yes that’s right
3:53
Mercedes S580,S500 is the worst.. Don't hold there value at all
Overpriced, depreciation, unreliable