Tesla made some serious waves last week when it debuted its Model 3 electric car. These weren’t your “gently lapping the shoreline” waves, either. Think “Laird Hamilton monstrous big-time waves.” We’re a data-driven, internet-focused company, so to demonstrate this point, we ran some basic Google searches. “Chevrolet Bolt” (the Model 3’s most direct competitor, and a car set to beat it to market by almost 2 years) returned 2.3 million results. “Nissan Leaf” (by and large the most popular electric car currently on sale) yields 4.9 million results. “Tesla Model 3?” 90.4 million results. So yeah… tidal waves.
As soon as a brand new car leaves the dealer’s lot, the depreciation phenomenon commences. There are plenty of reasons to spring for a new car with an empty odometer, of course. They come with great warranties, include the latest technologies, offer the buyer peace of mind with regard to the vehicle’s history, and, naturally, they come with that wonderful new car smell. However, to paraphrase Benjamin Franklin, “In this world, nothing can be said to be certain, except death and taxes and your new car depreciating as soon as the rubber rolls of the lot.” We took a look at the data and found that although some cars quickly lose value for good reason (looking at you, Mitsubishi Galant), there are others that actually become pretty great deals. If the smell of organic materials off-gassing is of paramount importance, feel free to pay the premium for your brand new car. If you don’t mind waiting a few years, however, we’ve picked 10 vehicles that offer incredible value on the used market.