In general, it’s better to look at how individual cars perform, not just which brand owns the vehicle. After all, Kia has a reputation for building quality mainstream cars that offer a lot of value for your money. But it’s not the brand most people think of when they have sporty sedans on their minds.
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The same can be true when it comes to depreciation. One car in the lineup could hold its value incredibly well, while another depreciates. As a car buyer, your major concern shouldn’t just be purchasing a car, you also have to consider the resale value of the vehicle you’re buying.
In that case, we have compiled a list of the cars you’ll buy in Nigeria that have the worst resale value ever. Steer clear from them if you want to resale the car you’re buying one day.
The Lincoln
Lincoln vehicles are not popularly driven in Nigeria. Even though the vehicle has great design and features, and is a luxury vehicle. While its design looks great, the interiors are world-class, and the demand is little to non-existent in Nigeria. Owning this car in Nigeria means you’ll be ready to forfeit a lot of money when it comes to reselling because it isn’t a common car in the country.
The Audi
German luxury cars suffer from rapid depreciation. That’s not exactly shocking to hear. But not everyone who buys one understands just how much value their car will lose over five years. Even with beautifully designed interiors and great technology, expect a new Audi to lose 64.6% of its value in that time.
The BMW
Both its SUVs and its sedans appeared multiple times in their respective categories of high-depreciation vehicles. Across the entire lineup, though, five-year depreciation is predicted to be 66.1%. While BMW cars are beautiful and luxurious, this vehicle has a terrible resale value in Nigeria, and you should avoid it.
The Volvo
If you’re not already aware, Volvo isn’t German. It’s based in Sweden and is currently owned by the Chinese automaker Geely. As it turns out, though, Swedish luxury cars depreciate even more quickly than German ones. Volvo’s resale value is lower than even Infiniti’s, and is expected to lose 66.4% of what it was originally sold for in five years.
The Maserati
Maserati might be highly revered for their vehicles’ power, agility and incredible sound, yet they also have terrible resale value. Sports cars generally don’t have great resale value in Nigeria, then there’s the Maserati that loses on average, 69.0% of its original value in five years.
Conclusion
When buying a car, the focus shouldn’t just be on the ability of the vehicle to move to and fro. There are other add-ons to consider, like the vehicle’s resale value. The above-listed cars have the worst resale value in Nigeria and must be avoided at all costs.
