There are so many factors that you have to consider when looking at what car you wish to buy, but try to take into consideration how long you will be keeping the vehicle for. We say this because there are some cars that lose their value fast, and if you will only be keeping it for one or two years, then you need to study their resale values.
There are a huge number of cars that seem to struggle to retain their value more than most, and two manufactures seem to struggle more than others, Hyundai and Kia. We have discussed in the past how the likes of Kia has improved with their design of vehicles over the past couple of years, but this has not done anything to stop the values of their cars dropping more than others.
The Car Connection has listed what they believe to be the five worst cars for holding their value, these are as follows: 2010 Hyundai Azera, 2008 Kia Amanti, 2010 Kia Optima, 2010 Kia Rio and the 2008 Kia Rondo. We are not certain if you will agree with this list, but it is believed that over the next four to five years these models will lose around 80 percent of their value.
Going by that calculation then the price that the Kia Optima will be worth in five years time will be from $3,896 and $5,270 depending on the version that you purchased. This will be a huge shock to those who paid just over $26,000 on their new Kia Optima last year, only to find that you would only get just over $5,000 in 2015.
Knowing that both the Hyundai and Kia cars will lose value much quicker than other brands such as Honda, Toyota and Nissan. We have to wonder if this will put you of purchasing one?