The used car resource iSeeCars has recently compiled a study analyzing the depreciation rates of the various vehicle types available on the automotive aftermarket, all to discern which brands and models depreciate the most quickly as well as slowest. Why? Because this information can aid car shoppers hoping to invest in a new car that will maintain a high resale value after five years of use, rather than depreciate to a level of a meek trade-in.
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Having poured over the iSeeCars data, GOBankingRates has identified the seven sports cars that are projected to maintain the most of their value over a five-year span and depreciate the least compared to other, similar vehicles. Curious as to whether you should invest in a new Mustang, or perhaps a Porsche? Keep reading.
Porsche 911
Average 5-year depreciation: 19.5%
Loss of value vs. MSRP: $24,428
The Robb Report has noted that the Porsche 911, while expensive, is a sound automotive investment if you can afford it. The sports car has the lowest depreciation rate over five years of any model or vehicle type (sports car, truck, coupe, sedan, hatchback, SUV, electric vehicle, wagon, hybrid) on the market. As such, the Porsche 911, if resold, can net a significant amount in the used car arena.
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Porsche 718
Average 5-year depreciation: 21.8%
Loss of value vs. MSRP: $15,851
The Robb Report also noted that slow depreciation isn’t exclusive to the Porsche 911 — many iterations of the Porsche, including the 718. Why? While all vehicles suffer some depreciation, that of the Porsche is particularly slow because the Porsche itself is a rather iconic brand (and thus highly desired, even in the aftermarket), and comes with extremely high performance as well as advanced designed and tech.
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Chevrolet Camaro
Average 5-year depreciation: 28%
Loss of value vs. MSRP: $8,653
GM Authority has reported that the Chevrolet Camaro manages to hold its value exceptionally well over time. Some of that is due to sports cars like the Camaro being more in-demand during the pandemic lockdowns due to their “fun” value, as well as sports cars in general — and a venerable model like the Camaro in specific — always being exceptionally popular with discerning car shoppers looking for sporty used rides.
Ford Mustang
Average 5-year depreciation: 29.2%
Loss of value vs. MSRP: $9,325
As one of America’s most iconic sports cars, the Mustang’s value in the public consciousness is almost impossible to overestimate. As HotCars has noted, the Mustang’s depreciation slows considerably after the five-year mark — the Mustang is known for extremely high performance, and a reputation for reliability.
Porsche 718 Boxster
Average 5-year depreciation: 29.6%
Loss of value vs. MSRP: $22,155
Very similar in design to the Porsche 718 Cayman, the Boxster, like most Porsches, holds its value extremely well after five years, per CarBuzz.
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Subaru BRZ
Average 5-year depreciation: 30.2%
Loss of value vs. MSRP: $9,424
Subaru BRZ’s hold their value extremely well, according to Torque News, due to the brand’s powerful motor, roomy interior and smooth-running tech.
Chevrolet Corvette
Average 5-year depreciation: 33.7%
Loss of value vs. MSRP: $25,343
Slash Gear has noted that the Corvette tends to depreciate slower than most sports cars, and perform higher in the resale market. Like the Mustang, and the Porsche, the name “Corvette” conjures an automotive ideal in the minds of many used car shoppers, and it easily outruns depreciation.
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Robb Report, “Porsche 911s Hold Their Value Better Than All Other New Cars: Report.”
This article originally appeared on GOBankingRates.com: 7 Sports Cars That Last the Longest Over 5 Years