Depreciation is unavoidable, but some vehicles fall in value with surprising speed. In Canada, factors like fuel costs, maintenance reputation, market trends and shifting buyer preferences play a major role. While these models might offer strong features or luxury appeal when new, their used values drop faster than owners expect. These ten vehicles are known for shedding value at a remarkable pace.
BMW 7 Series Luxury at a Steep Long Term Price
The BMW 7 Series delivers comfort, technology and performance, but its complex engineering often scares off used buyers. Expensive parts, advanced electronics and high maintenance costs contribute to major depreciation. The car feels incredible when new, yet owners soon realize the resale market prefers simpler luxury sedans. As a result, Canadian buyers see huge price drops within just a few years.
Mercedes Benz S Class Prestige With a Shrinking Value Curve
The S Class represents peak luxury, but it also loses value rapidly. Advanced suspension systems, aging electronics and pricey service requirements deter used car shoppers. Leasing dominates the new market which floods the used market with off lease examples. This drives prices even lower. Canadian weather also accelerates wear, making repairs even more costly over time.
Cadillac CT6 A Premium Sedan That Struggled for Attention
The CT6 never gained the traction Cadillac hoped for. Despite its impressive engineering and comfortable ride, Canadians gravitated toward crossovers. As demand faded, resale values dropped sharply. Dealers heavily discounted remaining units which pushed used prices down even further. Today the CT6 is a solid bargain used, but a painful hit for original buyers.
Jaguar XF Luxury Style With Weak Resale
The Jaguar XF stands out visually and drives beautifully, yet long term reliability concerns hurt its value. Canadian buyers prefer brands with proven track records which results in fewer people shopping for used Jaguars. Lower demand means steep depreciation, even for well maintained examples. It is a rewarding car to drive but a costly one to own new.
Infiniti Q70 The Forgotten Luxury Sedan
The Infiniti Q70 fell behind competitors in technology and styling, causing buyers to overlook it. As a result, resale values never kept up with rivals from BMW, Audi or Lexus. Limited demand in Canada means prices drop quickly on the used market. For buyers willing to overlook its age, it becomes an incredible deal, but original owners face hefty losses.
Chevrolet Suburban and GMC Yukon XL Big Size, Big Depreciation
Large SUVs sell well new, but depreciation hits fast once mileage climbs. These giants face high fuel costs, expensive servicing and heavy wear from winter driving. As families shift toward more efficient crossovers, used demand softens which accelerates depreciation. They remain excellent road trip machines but their resale value sinks faster than many expect.
Nissan Armada A Capable SUV With Weak Market Demand
The Nissan Armada offers strong V8 performance and huge interior space, yet it struggles in Canada’s used market. Buyers generally favour Toyota or domestic competitors which leaves the Armada with limited resale appeal. As fuel prices rise, big V8 SUVs become even harder to sell which pushes depreciation even faster.
Volvo S90 Luxury Sedan With Limited Mainstream Appeal
The Volvo S90 impresses with comfort and safety tech, but it competes in a segment Canadians often overlook. Sedans already suffer from weak demand and luxury sedans even more so. The S90’s niche appeal means used prices fall quickly, even though the car offers impressive build quality. Owners who buy new often take a hefty financial hit.
Land Rover Discovery Strong Capability, Not So Strong Resale
The Discovery offers impressive off road talent, but its reputation for expensive maintenance looms large. Canadian buyers seek reliability and winter dependability which makes some hesitant about older Land Rover models. This reduced demand causes the Discovery to lose value at a brisk pace, making it a risky new purchase but a tempting used bargain.
Tesla Model S Early Models With Steep Drops
Newer electric vehicles evolve rapidly which causes older tech to depreciate faster than traditional gasoline vehicles. Early Tesla Model S examples lose value quickly as newer versions introduce longer range, better batteries and improved interiors. Battery degradation and high replacement costs also influence resale prices. While still desirable, older units fall in value much faster than many owners expect.
25 Facts About Car Loans That Most Drivers Don’t Realize
Car loans are one of the most common ways people fund car purchases. Like any other kind of loan, car loans can have certain features that can be regarded as an advantage or a disadvantage to the borrower. Understanding all essential facts about car loans and how they work to ensure that you get the best deal for your financial situation is essential. Here are 25 shocking facts about car loans that most drivers don’t realize:
25 Facts About Car Loans That Most Drivers Don’t Realize
