Top 10 Cars With the Worst Residual Value for 2008
By Warren Clarke, Automotive Content Editor Email
Residual value is more important than most new-car shoppers realize. Higher residual values mean lower monthly payments if you opt to lease, and improved resale value if you decide to purchase your new ride. This list takes a look at the 2008 cars with the worst resale values; these vehicles are those likely to depreciate the most once you drive them off the lot. Our list includes the percentage of its original value that each vehicle is likely to retain after five years with an annual mileage of 15,000. Residual value percentages are based on the national True Market Value (TMV®) price, plus typical options and destination charge.
You might think that these cars are to be avoided like the plague, but this isn't necessarily the case. Some of these vehicles can be real bargains. Many boast low price tags. Furthermore, the cars on this list can be downright steals when purchased used. In the used market, a low residual value works in favor of the consumer.