Car depreciation: 5 models that lose value
2013 Chevrolet Impala LT
- MSRP: $27,385
- Depreciation over five years: $17,983
- Gas mileage:
- City - 18 mpg
- Highway - 30 mpg
Perhaps it's because of consumer perception or the run-of-the-mill interior, but for whatever reason, the Chevrolet Impala doesn't retain as much of its value compared to some of its peers.
According to IntelliChoice, the Impala depreciates by $17,983 in five years and has a complete cost of ownership of $41,327 during that time frame.
"The current 2013 Impala is suffering from a long-in-the-tooth design and an oversupply of vehicles coming out of daily rental-vehicle fleets," Lyman says. The 2014 model-year Impala came out at the beginning of 2013 and is much more competitive, he says. An alternative to the Impala is the 2013 Toyota Camry L 4DR Sedan, with an MSRP of $22,235. According to IntelliChoice, the Camry depreciates $9,688 and has a complete cost of ownership of $29,976 after five years.