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30 Surprising Cars That Lose Value Fast

There’s no surefire way to know how fast your new car will succumb to depreciation. After all, you can rapidly accelerate the rate at which it loses value by putting on miles too fast, going too long between oil changes or crashing it into a tree. However, provided there aren’t any major unanticipated depreciation events, there are ways to predict how fast a car will lose its value based on its make and model.

GOBankingRates conducted a study to find 30 popular cars that lose their value fairly quickly. Using Edmunds.com’s True Cost to Own calculator, the study shows just how fast you should expect your new car’s value to deteriorate. It uses the following assumptions:

  • You will drive 15,000 miles per year
  • You are using traditional financing rather than a lease
  • You have an above-average credit rating
  • You make a 10% down payment at purchase
  • Your loan term is five years

With those assumptions in place, GOBankingRates looked at the cost breakdown of each car for estimates across various spending categories — such as insurance, fuel and maintenance costs — as well as depreciation over the first five years. This gives you a better idea of how much it will actually cost to own and drive that car. It’s important to remember your monthly payment is just one of many costs you will continuously encounter over your car’s life.

So, see if one of these 30 well-known cars is sitting in your driveway and just how much value it will have lost after five years of driving.

Last updated: June 3, 2020

2020 Jeep Wrangler

  • Total cash price: $33,862
  • Five-year drop in value: 29.16%
  • Five-year depreciation total: $9,875
  • Five-year totals for:
    • Taxes and fees: $3,765
    • Financing: $5,293
    • Fuel: $14,774
    • Insurance: $5,148
    • Maintenance: $3,925
    • Repairs: $1,565
  • True cost to own: $44,345

Learn: The Cost of a Car the Year You Were Born

2020 Toyota 4Runner

  • Total cash price: $39,726
  • Five-year drop in value: 29.62%
  • Five-year depreciation total: $11,766
  • Five-year totals for:
    • Taxes and fees: $4,427
    • Financing: $6,210
    • Fuel: $16,407
    • Insurance: $6,954
    • Maintenance: $5,011
    • Repairs: $773
  • True cost to own: $51,548

2020 Toyota Tacoma

  • Total cash price: $29,532
  • Five-year drop in value: 33.98%
  • Five-year depreciation total: $10,036
  • Five-year totals for:
    • Taxes and fees: $3,502
    • Financing: $4,616
    • Fuel: $14,063
    • Insurance: $6,098
    • Maintenance: $5,377
    • Repairs: $773
  • True cost to own: $44,465

2020 Chevrolet Tahoe

  • Total cash price: $47,654
  • Five-year drop in value: 36.75%
  • Five-year depreciation total: $17,512
  • Five-year totals for:
    • Taxes and fees: $5,647
    • Financing: $7,449
    • Fuel: $16,407
    • Insurance: $5,846
    • Maintenance: $5,496
    • Repairs: $966
  • True cost to own: $59,323

2020 Honda CR-V

  • Total cash price: $26,819
  • Five-year drop in value: 37.92%
  • Five-year depreciation total: $10,170
  • Five-year totals for:
    • Taxes and fees: $3,049
    • Financing: $4,192
    • Fuel: $9,849
    • Insurance: $5,678
    • Maintenance: $4,683
    • Repairs: $917
  • True cost to own: $38,538

2020 Toyota RAV4

  • Total cash price: $28,457
  • Five-year drop in value: 38.09%
  • Five-year depreciation total: $10,838
  • Five-year totals for:
    • Taxes and fees: $3,197
    • Financing: $4,448
    • Fuel: $9,849
    • Insurance: $6,698
    • Maintenance: $4,982
    • Repairs: $773
  • True cost to own: $40,785

2020 Subaru Crosstrek

  • Total cash price: $24,164
  • Five-year drop in value: 38.55%
  • Five-year depreciation total: $9,316
  • Five-year totals for:
    • Taxes and fees: $2,780
    • Financing: $3,777
    • Fuel: $11,818
    • Insurance: $6,504
    • Maintenance: $5,750
    • Repairs: $945
  • True cost to own: $40,890

See: 23 Car Upgrades That Are Worth the Price

2020 Toyota Highlander

  • Total cash price: $40,317
  • Five-year drop in value: 39.13%
  • Five-year depreciation total: $15,775
  • Five-year totals for:
    • Taxes and fees: $4,349
    • Financing: $6,302
    • Fuel: $12,311
    • Insurance: $6,371
    • Maintenance: $5,350
    • Repairs: $773
  • True cost to own: $51,231

2020 Dodge Challenger

  • Total cash price: $30,625
  • Five-year drop in value: 39.98%
  • Five-year depreciation total: $12,244
  • Five-year totals for:
    • Taxes and fees: $3,680
    • Financing: $4,787
    • Fuel: $12,842
    • Insurance: $8,735
    • Maintenance: $4,221
    • Repairs: $966
  • True cost to own: $47,475

2020 Subaru Forester

  • Total cash price: $26,982
  • Five-year drop in value: 40.35%
  • Five-year depreciation total: $10,888
  • Five-year totals for:
    • Taxes and fees: $3,057
    • Financing: $4,218
    • Fuel: $10,184
    • Insurance: $6,457
    • Maintenance: $5,244
    • Repairs: $945
  • True cost to own: $40,993

2020 Ford F-150

  • Total cash price: $37,080
  • Five-year drop in value: 41.50%
  • Five-year depreciation total: $15,389
  • Five-year totals for:
    • Taxes and fees: $4,249
    • Financing: $5,796
    • Fuel: $14,774
    • Insurance: $7,715
    • Maintenance: $5,436
    • Repairs: $1,043
  • True cost to own: $54,402

2020 Ford Mustang

  • Total cash price: $32,018
  • Five-year drop in value: 41.73%
  • Five-year depreciation total: $13,362
  • Five-year totals for:
    • Taxes and fees: $3,578
    • Financing: $5,005
    • Fuel: $13,273
    • Insurance: $6,983
    • Maintenance: $4,700
    • Repairs: $1,022
  • True cost to own: $47,923

2020 Toyota RAV-4 Hybrid

  • Total cash price: $43,216
  • Five-year drop in value: 42.10%
  • Five-year depreciation total: $18,194
  • Five-year totals for:
    • Taxes and fees: $4,670
    • Financing: $6,755
    • Fuel: $7,386
    • Insurance: $7,234
    • Maintenance: $5,734
    • Repairs: $887
  • True cost to own: $50,860

2020 Dodge Charger

  • Total cash price: $31,778
  • Five-year drop in value: 42.43%
  • Five-year depreciation total: $13,484
  • Five-year totals for:
    • Taxes and fees: $3,796
    • Financing: $4,968
    • Fuel: $12,842
    • Insurance: $8,601
    • Maintenance: $4,873
    • Repairs: $966
  • True cost to own: $49,530

2020 Honda Accord

  • Total cash price: $24,833
  • Five-year drop in value: 42.77%
  • Five-year depreciation total: $10,620
  • Five-year totals for:
    • Taxes and fees: $2,829
    • Financing: $3,882
    • Fuel: $8,963
    • Insurance: $6,237
    • Maintenance: $3,987
    • Repairs: $917
  • True cost to own: $37,435

Wes Allison / Honda

2020 Honda Civic

  • Total cash price: $21,161
  • Five-year drop in value: 43.17%
  • Five-year depreciation total: $9,135
  • Five-year totals for:
    • Taxes and fees: $2,457
    • Financing: $3,308
    • Fuel: $10,184
    • Insurance: $6,922
    • Maintenance: $3,755
    • Repairs: $773
  • True cost to own: $36,534

David Dewhurst Photography / Toyota

2020 Toyota Camry

  • Total cash price: $31,082
  • Five-year drop in value: 44.45%
  • Five-year depreciation total: $13,817
  • Five-year totals for:
    • Taxes and fees: $3,519
    • Financing: $4,859
    • Fuel: $9,534
    • Insurance: $7,921
    • Maintenance: $3,905
    • Repairs: $773
  • True cost to own: $44,328

Avoid: These 20 Cars Cost the Most To Maintain

2020 Honda Pilot

  • Total cash price: $32,355
  • Five-year drop in value: 44.61%
  • Five-year depreciation total: $14,432
  • Five-year totals for:
    • Taxes and fees: $3,567
    • Financing: $5,058
    • Fuel: $13,433
    • Insurance: $5,963
    • Maintenance: $5,718
    • Repairs: $773
  • True cost to own: $48,944

MikeDitz / Nissan

2020 Nissan Rogue

  • Total cash price: $25,949
  • Five-year drop in value: 44.71%
  • Five-year depreciation total: $11,603
  • Five-year totals for:
    • Taxes and fees: $3,125
    • Financing: $4,056
    • Fuel: $10,184
    • Insurance: $6,777
    • Maintenance: $6,736
    • Repairs: $773
  • True cost to own: $43,254

2020 Lexus LX 570

  • Total cash price: $98,964
  • Five-year drop in value: 44.79%
  • Five-year depreciation total: $44,324
  • Five-year totals for:
    • Taxes and fees: $10,717
    • Financing: $15,470
    • Fuel: $22,745
    • Insurance: $9,631
    • Maintenance: $7,361
    • Repairs: $1,243
  • True cost to own: $111,491

Jessica Lynn Walker / Chevrolet

2020 Chevrolet Equinox

  • Total cash price: $25,559
  • Five-year drop in value: 44.93%
  • Five-year depreciation total: $11,484
  • Five-year totals for:
    • Taxes and fees: $2,825
    • Financing: $3,995
    • Fuel: $10,558
    • Insurance: $7,207
    • Maintenance: $5,919
    • Repairs: $1,071
  • True cost to own: $43,059

2020 Subaru Outback

  • Total cash price: $28,307
  • Five-year drop in value: 44.94%
  • Five-year depreciation total: $12,720
  • Five-year totals for:
    • Taxes and fees: $3,167
    • Financing: $4,425
    • Fuel: $10,184
    • Insurance: $6,354
    • Maintenance: $5,421
    • Repairs: $945
  • True cost to own: $43,216

2020 Acura RDX

  • Total cash price: $37,941
  • Five-year drop in value: 46.35%
  • Five-year depreciation total: $17,585
  • Five-year totals for:
    • Taxes and fees: $4,114
    • Financing: $5,931
    • Fuel: $13,273
    • Insurance: $6,187
    • Maintenance: $5,687
    • Repairs: $1,205
  • True cost to own: $53,982

Check Out: 16 Unexpected Car Costs and How To Prepare For Them Now

Mitchell Hubble / Mazda

2020 Mazda CX-5

  • Total cash price: $27,632
  • Five-year drop in value: 47.35%
  • Five-year depreciation total: $13,085
  • Five-year totals for:
    • Taxes and fees: $3,178
    • Financing: $4,319
    • Fuel: $10,558
    • Insurance: $5,948
    • Maintenance: $5,368
    • Repairs: $858
  • True cost to own: $43,314

2020 Jeep Cherokee

  • Total cash price: $27,755
  • Five-year drop in value: 47.65%
  • Five-year depreciation total: $13,224
  • Five-year totals for:
    • Taxes and fees: $3,251
    • Financing: $4,339
    • Fuel: $11,818
    • Insurance: $6,419
    • Maintenance: $3,479
    • Repairs: $1,488
  • True cost to own: $44,018

2020 Lexus RX 350

  • Total cash price: $49,276
  • Five-year drop in value: 48.46%
  • Five-year depreciation total: $23,878
  • Five-year totals for:
    • Taxes and fees: $5,456
    • Financing: $7,703
    • Fuel: $12,842
    • Insurance: $8,086
    • Maintenance: $7,195
    • Repairs: $1,087
  • True cost to own: $66,247

2020 Ford Explorer

  • Total cash price: $42,556
  • Five-year drop in value: 48.64%
  • Five-year depreciation total: $20,700
  • Five-year totals for:
    • Taxes and fees: $4,661
    • Financing: $6,652
    • Fuel: $12,311
    • Insurance: $7,116
    • Maintenance: $4,766
    • Repairs: $1,071
  • True cost to own: $57,277

2020 Chevrolet Traverse

  • Total cash price: $32,911
  • Five-year drop in value: 51.29%
  • Five-year depreciation total: $16,879
  • Five-year totals for:
    • Taxes and fees: $3,863
    • Financing: $5,145
    • Fuel: $14,063
    • Insurance: $5,582
    • Maintenance: $6,293
    • Repairs: $966
  • True cost to own: $52,791

2020 Nissan Maxima

  • Total cash price: $33,803
  • Five-year drop in value: 52.94%
  • Five-year depreciation total: $17,894
  • Five-year totals for:
    • Taxes and fees: $4,009
    • Financing: $5,284
    • Fuel: $13,273
    • Insurance: $9,491
    • Maintenance: $4,772
    • Repairs: $773
  • True cost to own: $55,496

2020 Jeep Grand Cherokee

  • Total cash price: $34,617
  • Five-year drop in value: 54.11%
  • Five-year depreciation total: $18,731
  • Five-year totals for:
    • Taxes and fees: $3,735
    • Financing: $5,411
    • Fuel: $14,063
    • Insurance: $6,317
    • Maintenance: $5,227
    • Repairs: $1,488
  • True cost to own: $54,972

More From GOBankingRates

Methodology: GOBankingRates analyzed the top 30 most researched vehicles (that had available data) according to Edmunds.com during March 2020 to discover how quickly these cars will depreciate over five years. Using the Edmunds.com’s True Cost to Own pricing calculator, GOBankingRates analyzed each vehicle and found the five-year totals for (1) depreciation, (2) taxes and fees, (3) financing, (4) fuel costs, (5) insurance, (6) maintenance and (7) repairs. GOBankingRates then calculated the (8) five-year drop in value (%) for each vehicle. Depreciation costs were shown for each year while the remaining factors were only given five-year totals. GOBankingRates only considered 2020 models and kept the location for the calculations constant, using the ZIP code 90245 (El Segundo, California). The Edmunds Inc. True Cost to Own calculations use the following assumptions: 

  • You will drive 15,000 miles per year
  • You are financing the vehicle using traditional financing, not lease financing
  • You have an above-average credit rating for the purpose of determining your finance rate
  • You are making a 10% down payment on the vehicle at purchase
  • Your loan term is five years or 60 months

The seven aforementioned totals were combined to give each car a (9) “true cost to own” value. Depreciation for each vehicle was calculated and based off each model’s (10) total cash price, which is the vehicle’s True Market Value‌® (TMV‌®) price plus any typically equipped options, destination charge, base tax, fees assessed by your state and, if applicable, gas guzzler tax.