Buying Last Year’s Model of These 20 Cars Will Save You 28%+ Over the New Version

If you have your heart set on buying a brand-new car, buying a used car can be unappealing. But the cost savings might just persuade you to give the slightly used version a shot. Cars depreciate in value as soon as they are driven off the lot, so buying even a one-year-old car can provide major cost savings.

See Next: Avoid These 7 Cars That Will Only Last You Half as Long as the Average Vehicle
Explore More: How To Get $340 Per Year in Cash Back on Gas and Other Things You Already Buy

“While a used car almost always costs less than it does new, some models lose more than 25% of their value after just one year, giving buyers a near-new ownership experience [with] substantial savings,” Karl Brauer, executive analyst at iSeeCars, said on the site.

With these 20 car models, you’ll save 28% or more by simply opting for a one-year-old vehicle.

Also, avoid these six cars that are plummeting in value.

1. Mercedes-Benz EQS

• 1-year used price: $71,231

• Difference in cost compared to new ($): -$65,143

• Difference in cost compared to new (%): -47.8%

Check Out: 7 Best Luxury Cars Worth Every Penny
Try This: 5 Used Cars You Shouldn’t Buy

2. Nissan LEAF

• 1-year used price: $18,756

• Difference in cost compared to new ($): -$15,786

• Difference in cost compared to new (%): -45.7%

Learn More: 10 Affordable Compact Cars That Will Last 300,000 Miles

3. Jaguar F-PACE

• 1-year used price: $52,010

• Difference in cost compared to new ($): -$28,555

• Difference in cost compared to new (%): -35.4%

4. Alfa Romeo Giulia

• 1-year used price: $32,467

• Difference in cost compared to new ($): -$16,297

• Difference in cost compared to new (%): -33.4%

5. Kia EV6

• 1-year used price: $36,243

• Difference in cost compared to new ($): -$18,081

• Difference in cost compared to new (%): -33.3%

6. Hyundai IONIQ 5

• 1-year used price: $34,303

• Difference in cost compared to new ($): -$16,805

• Difference in cost compared to new (%): -32.9%

For You: 10 Bestselling Used Cars of 2024

7. Volkswagen ID.4

• 1-year used price: $31,870

• Difference in cost compared to new ($): -$15,609

• Difference in cost compared to new (%): -32.9%

8. Alfa Romeo Stelvio

• 1-year used price: $36,630

• Difference in cost compared to new ($): -$17,495

• Difference in cost compared to new (%): -32.3%

9. Nissan Murano

• 1-year used price: $29,458

• Difference in cost compared to new ($): -$13,842

• Difference in cost compared to new (%): -32%

10. Mercedes-Benz S-Class

• 1-year used price: $99,598

• Difference in cost compared to new ($): -$45,781

• Difference in cost compared to new (%): -31.5%

Be Aware: 6 Cars That Seem Expensive but Rarely Need Repairs

11. Dodge Durango

• 1-year used price: $43,407

• Difference in cost compared to new ($): -$19,335

• Difference in cost compared to new (%): -30.8%

12. BMW 7 Series

• 1-year used price: $84,990

• Difference in cost compared to new ($): -$36,126

• Difference in cost compared to new (%): -29.8%

13. Dodge Challenger

• 1-year used price: $36,496

• Difference in cost compared to new ($): -$15,498

• Difference in cost compared to new (%): -29.8%

14. Ford Mustang Mach-E

• 1-year used price: $38,543

• Difference in cost compared to new ($): -$16,364

• Difference in cost compared to new (%): -29.8%

Read Next: 6 Hybrid Vehicles To Stay Away From Buying

15. Ram 1500 Classic

• 1-year used price: $31,969

• Difference in cost compared to new ($): -$13,176

• Difference in cost compared to new (%): -29.2%

16. INFINITI QX80

• 1-year used price: $59,618

• Difference in cost compared to new ($): -$24,084

• Difference in cost compared to new (%): -28.8%

17. Audi A3

• 1-year used price: $29,587

• Difference in cost compared to new ($): -$11,911

• Difference in cost compared to new (%): -28.7%

18. Chevrolet Bolt EUV

• 1-year used price: $23,320

• Difference in cost compared to new ($): -$9,151

• Difference in cost compared to new (%): -28.2%

Discover More: 5 Best American Cars for Retirees on a Budget

19. Chevrolet Bolt EV

• 1-year used price: $22,229

• Difference in cost compared to new ($): -$8,633

• Difference in cost compared to new (%): -28%

20. Audi A4

• 1-year used price: $35,667

• Difference in cost compared to new ($): -$13,836

• Difference in cost compared to new (%): -27.9%

Data is sourced from iSeeCars and is accurate as of March 26, 2024.

More From GOBankingRates

• 5 Japanese Cars To Stay Away From Buying

• Ramit Sethi: How To Become Rich on a Low Salary

• 5 Clever Ways to Speed Up Your Retirement Savings

• 3 Things You Must Do When Your Savings Reach $50,000

This article originally appeared on GOBankingRates.com: Buying Last Year’s Model of These 20 Cars Will Save You 28%+ Over the New Version