auto

Car depreciation: 5 models that lose value

2013 Chevrolet Impala LT
2013 Chevrolet Impala LT © General Motors
  • 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.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CAR & MONEY NEWSLETTER

Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.

advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Best day to buy a car?

The best day to buy a car for the biggest savings is coming soon.  ... Read more


Connect with us