The Value of These Cars Is Dropping Faster Than Snow in Winter

Deciding which car to purchase is a significant choice. If budget is a concern, and it probably is, you'll want to steer clear of the cars on this list. After purchasing them new, their value drops dramatically, resulting in a major financial loss. Are you ready to lose $14,000? That’s the amount you could see some of these cars depreciate in just one year!

Smart Fortwo: Not as Budget-Friendly as It Seems

The Smart Fortwo might catch your attention if you're looking to go electric. It starts at $25,390 and offers some impressive features for its size, including basic autonomous driving tech. Its compact footprint makes it perfect for city living, and the quirky design has its own charm.

But financially, it's not the best move. The Smart Fortwo loses around 36% of its value within the first year. That means you're out nearly $9,000 right off the bat. If you love the car, plan to hang onto it for several years to make up for the early loss.