50 Cars That are Plummeting in Value

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#6 – Nissan Maxima

Class: Compact Car (1981-1988), Midsize Car (1988-2014), Full Size Car (2015-Present)
Production: 1981-Present
Starting Price: $33,270+
Depreciation Rate: 15.7%

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First released as a compact car from 1981 to 1988, the Nissan Maxima has evolved over the last two decades as a midsize car and, today, as a full size car that’s popular throughout the United States, the Middle East, and China. Currently in its eighth generation in the United States, the Maxima is considered a great value for a rising luxury car without a high sticker price with 2018 models starting at $33,270 and offering a revamped interior, modern technology, and a new 300HP V6 engine.

2017 Maxima models are currently going for $29,840 on the new car lot with the average depreciation rate at 15.7% after 12 months, which brings the value down to $25,155. Over the first five years of ownership, the Maxima’s true cost to own is $42,977, which seems high for a full-size car but Edmunds includes an average of $1,500 per year in fuel, insurance and maintenance fees. Overall, the Maxima is an aspiring luxury car at an affordable price with many Nissan fans looking to snag a pre-owned model with low mileage for less than $20,000. That’s not bad considering the upgrades!