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this post was submitted on 06 Aug 2025
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Asklemmy
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Maybe if you buy a Kia. Most cars barely depreciate in the first 3 years. Once leases turn in they drop a bit, but still not to 50% of their value. Shit during the pandemic my 3 year old car was worth more than what I bought it for. Things have improved, but they’re not to pre pandemic pricing.
Kia’s and Hyundais also aren’t depreciating as badly as they used to. But they’re still pretty bad, only being rivaled by the high end luxury cars.
Fine maybe not 50% immediately. I just ran the numbers and a Ford F150 purchased 2 years ago for 42k would today be worth (max) 30k. I wouldn't exactly call that an investment, or an asset even. I would definitely call the loss of 12k in value depreciation.
I see a crapton of Kias in northern Maine. No idea if that is even slightly relevant.