50 Cars That are Plummeting in Value

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#39 – Kia Cadenza

Class: Large Executive Car
Production: 2009-Present
Starting Price: $32,290+
Depreciation Rate: 32.3%

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Known in the United States as the Kia Cadenza and in South Korea as the Kia K7, the Cadenza is a full size executive sedan that was first introduced in 2009 to replace the Kia Opirus/Amanti. Now in its second generation and available throughout the US, South Korea, Canada, China, Brazil, and the Middle East, the newest Cadenza model received the “Top Safety Pick+” rating from the Insurance Institute for Highway Safety and offers a V6 engine that generates 290HP.

The Cadenza starts at $32,290 and, despite its safety rating and status as a luxury car, it struggles to hold its value on the road. After the first year, the Cadenza depreciates by over $16,000, which translates to 32.3% and brings the car’s value down to $21,860. As a whole, the Cadenza hasn’t yet won over buyers but is a heck of a steal as a pre-owned car with many new buyers looking to get rid of their 2017 models thanks to a high five-year true cost to own value at a whopping $56,209!