2018 Chevrolet Camaro Convertible
2018 Chevrolet Camaro Convertible by General Motors (CC BY-NC)

23 Cars Where You'll Save Big by Buying Used

View Slideshow
2018 Chevrolet Camaro Convertible
2018 Chevrolet Camaro Convertible by General Motors (CC BY-NC)

Second-Hand Steals

The COVID-19 crisis has changed the car-buying landscape, but one thing remains the same: buyers can save thousands — tens of thousands, in some cases — on a gently-used vehicle instead of splurging on an expensive new one direct from the factory. According to iSeeCars.com, the average car sold used after just one year of use goes for 20.1% less than the same car purchased new. The site recently released its annual report on which specific models across several categories offer the very best deals of all.

Once you're ready to take the plunge, check popular sites like Autotrader and CarGurus, or long-standing industry vet Edmunds, for used car listings in your area.

Related: Used Car Buyers Could Score a Deal on These Models Thanks to COVID-19

2019 BMW 7 Series
BMW AG

BMW 7 Series

Percent difference used over new: -43.4%
Dollar difference used over new: $47,447
The 7 Series is one of four BMWs in the cars category and one of six BMWs on the list overall — and if most people couldn’t afford a new one, many might be able to spring for one that’s gently used. “Super luxury cars like the BMW 7 Series take large depreciation hits due to their high starting prices, which is coupled with the car being redesigned in 2020 to automatically date 2019 models,” iSeeCars CEO Phong Ly said in a release.

Related: Legendary German Cars That Raised the Bar

2019 Audi A6
Audi of America

Audi A6

Percent difference used over new: -41.0%
Dollar difference used over new: $26,199
In terms of import luxury midsize sedans, the Audi A6 is one of only two on this list. Their low resale value has more to do with their vehicle category and less to do with the make and model. “These vehicles likely lose value because of the declining popularity of the sedan segment, but are good options for those who want a great deal on a luxurious high-performing vehicle,” Ly said.

Related: Cheap Luxury Cars You’ll Want in Your Driveway

Jaguar XE
Jaguar Land Rover North America

Jaguar XE

Percent difference used over new: -40.9%
Dollar difference used over new: $20,586
Like several other high-end rides on the list, the Jaguar XE loses value rapidly because of its hefty original sticker price — and also just because it’s a Jag. “The Jaguar XE is among the more expensive cars in the small luxury sedan segment, so it likely loses a lot of its value to be attractive to used car buyers,” said Ly. “Jaguars are also notorious for high ownership and repair costs, which likely negatively impact its value retention.”

Related: 30 Winter Car Options That Are Totally Worth the Money

2019 Volvo S90
Volvo Car Corporation

Volvo S90

Percent difference used over new: -40.1%
Dollar difference used over new: $23,631
The other import luxury midsize sedan, along with the No. 2-ranked Audi A6, is the No. 4-ranked Volvo S90. “Both the Audi A6 and the Volvo S90 earn favorable reviews for their performance and features, but are criticized for their lack of trunk space,” said Ly.

Related: 13 Most Expensive Cars Sold at Auction

BMW 3 Series
BMW AG

BMW 3 Series

Percent difference used over new: -38.2%
Dollar difference used over new: $19,241
Another BMW is the 3 Series, whose late models are only gently used but affordable because they rolled off the assembly line just before a recent upgrade. “Redesigned in 2019, the 2018 versions of the popular 3 Series likely aren’t in high demand,” said Ly.

Related: Well-Made Cars Likely to Last Over 200,000 Miles

2018 Chevrolet Camaro Convertible
2018 Chevrolet Camaro Convertible by General Motors (CC BY-NC)

Chevrolet Camaro (Convertible)

Percent difference used over new: -37.8%
Dollar difference used over new: $16,829
Buyers with limited means who want to get behind the wheel of a Camaro might have to wait until it depreciates if they have their hearts set on a soft-top. “The Chevrolet Camaro convertible is more expensive than the coupe, and used car buyers may be unwilling to pay the premium for the convertible version,” said Ly.

Related: 11 New Convertibles You Can Afford

2018 BMW X6
BMW AG

BMW X6

Percent difference used over new: -37.7%
Dollar difference used over new: $31,655
Design quirks, not to mention a few inherent shortcomings, make this BMW the biggest steal for used vehicle buyers in the market for an SUV. “The 2020 redesigned X6 isn’t as popular as other luxury midsize SUV thanks to its funky styling and lack of passenger and cargo room for the segment,” said Ly.

Land Rover Range Rover Evoque
Land Rover Range Rover Evoque by The NRMA (CC BY)

Land Rover Range Rover Evoque

Percent difference used over new: -37.3%
Dollar difference used over new: $21,079
The Evoque has a few flaws — and any models that aren’t brand new might be scoffed at by well-heeled buyers as old hat thanks to a recent upgrade. “The Land Rover Range Rover Evoque was redesigned in 2020 and is among the bottom of its segment for fuel economy and reliability,” said Ly.

Related: 30 Best SUVs of All Time

Mercedes-benz Cla
Mercedes-Benz USA

Mercedes-Benz CLA

Percent difference used over new: -37.0%
Dollar difference used over new: $15,838
The subcompact CLA offers the status symbol of the Mercedes-Benz name to those who can’t afford the luxury that comes with the brand’s pricier models. “As an entry car to the Mercedes lineup, the CLA does not stand out among rivals in this segment,” said Ly. “It is criticized for its low-grade cabin materials and its difficult infotainment system.”

Related: 30 “Foreign” Cars That Are Made in America

2018 BMW 4 Series
BMW AG

BMW 4 Series

Percent difference used over new: -35.8%
Dollar difference used over new: $18,960
The last luxury vehicle in the car category is the 4 Series, which is not only pricey to buy, but also pricey to own. “The BMW 4 Series is among the more expensive cars in its class for both its price and maintenance cost, which can explain its price reduction for used models,” said Ly.

Related: 44 Car Products That Are a Complete Waste of Money

2019 GMC Sierra 1500
2019 GMC Sierra 1500 by (CC BY-NC)

GMC Sierra 1500

Percent difference used over new: -35.4%
Dollar difference used over new: $18,590
According to Ly, the price of the Sierra 1500 drops by more than one-third as a used truck because of the unique niche it fills in the segment. The full-size pick-up is marketed to higher-end buyers in the market for a more posh pickup — but it’s not the only one.

Related: Great Monster Trucks We Love 

2018 Ford Mustang Convertible
Ford Motor Company

Ford Mustang (Convertible)

Percent difference used over new: -35.1%
Dollar difference used over new: $15,051
On the bottom of the list are two different versions of the same vehicle, the Ford Mustang. The one that lures used car buyers with the biggest savings, more than 35%, is, just like the Camaro, the convertible version.

Related: 22 Vintage Convertibles That Will Blow Your Hair Back

2017 Alfa Romeo Stelvio Milano Edizione
2017 Alfa Romeo Stelvio Milano Edizione by Vauxford (CC BY-SA)

Alfa Romeo Stelvio

Percent difference used over new: -33.9%
Dollar difference used over new: $16,102
Buyers considering a new Stelvio have a lot of good choices — and Alfa Romeo hasn’t exactly stood the test of time in this area, which makes it easy pickings for those willing to buy used. “The Alfa Romeo Stelvio was introduced in the U.S. in 2018, so consumers are likely to opt for a vehicle with a more established reputation in the highly competitive luxury compact SUV class,” said Ly.

Related: Classic Italian Sports Cars We Still Love

2020 Mercedes-Benz GLE-Class
Mercedes-Benz USA

Mercedes-Benz GLE

Percent difference used over new: -32.3%
Dollar difference used over new: $21,572
Although critics have heralded the brand new GLE, older models didn’t always earn such accolades and therefore don’t command the same resale value. “The Mercedes-Benz GLE was redesigned in 2020 and was named the top luxury midsize SUV from U.S. News and World Report, so consumers may not be willing to pay a premium for its used versions that didn’t earn as much acclaim,” said Ly.

Related: The Least Expensive Cars to Own

Infiniti Qx60
Infiniti North America, Inc.

Infiniti QX60

Percent difference used over new: -31.8%
Dollar difference used over new: $16,015
Buyers who are willing to settle for a QX60 that’s a model year or two back from new can save big bucks, as long as they’re also willing to settle for a few flaws that drive down the price after purchase. “The Infiniti QX60 earns middling rankings for reasons like low-grade cabin materials and lackluster handling,” said Ly.

Related: The Ugliest Cars Ever Made

Jaguar F-Pace
teddyleung/istockphoto

Jaguar F-Pace

Percent difference used over new: -31.8%
Dollar difference used over new: $19,830
It’s not exactly fair to say that Jags are lemons, but the brand has certainly earned its reputation for requiring their owners to make frequent trips to the mechanic. “The Jaguar F-Pace is one of the more expensive cars in its class and it dogged by Jaguar’s high ownership cost,” said Ly.

Related: 32 Lies Your Mechanic Has Told You

2018 Audi Q3
Audi of America

Audi Q3

Percent difference used over new: -31.0%
Dollar difference used over new: $12,652
Like the Jaguar F-Pace, new Audi Q3s come with big MSRPs that allow used shoppers to save money. Unlike the F-Pace, however, they’re not associated with high ownership costs. “The Audi Q3 was redesigned in 2019 and is among the highest-rated vehicles in its class, making it a great deal for those wanting a luxury subcompact vehicle,” said Ly.

Related: How to Avoid Costly Car Repairs

Infiniti Qx80
Infiniti North America, Inc.

Infiniti QX80

Percent difference used over new: -30.2%
Dollar difference used over new: $22,822
Like the QX60, the larger QX80 SUV also sheds resale value quickly and dramatically thanks, in part, to a recent line-wide redesign. “The Infiniti QX80 isn’t as popular as other vehicles in the full-size luxury SUV class,” said Ly. “It was criticized for its infotainment system, which got a much-needed update for 2020.”

Related: 50 Most Scenic Drives in America

Ford Mustang
Konoplytska/istockphoto

Ford Mustang (Coupe)

Percent difference used over new: -26.1%
Dollar difference used over new: $10,127

The Ford Mustang’s price doesn’t drop as much as the convertible after one year of use, but its cost still falls by more than one-quarter of the original MSRP. Much of the reason for the depreciation is because, well, it’s a Mustang. “The Ford Mustang has declined in popularity in recent years, which could negatively impact resale value,” said Ly.

Related: 15 Best Mustangs of All Time

2018 BMW X2
BMW AG

BMW X2

Percent difference used over new: -29.7%
Dollar difference used over new: $13,148

One of three subcompact SUVs — the Audi Q3 and Mercedes-Benz GLA are the others — the BMW X2 earns ratings that are just OK, according to Ly. Its heavy depreciation is also linked to the fact that it’s known for pokey pickup and cramped cargo space.

MERCEDES-BENZ GLA 2019
Daimler AG

Mercedes-Benz GLA

Percent difference used over new: -29.0%
Dollar difference used over new: $11,775
The same characteristics that make the X2 a steal for used SUV buyers make the Benz GLA a good buy on the secondhand market, as well. “The Mercedes-Benz GLA and the BMW X2 are in the middle of the pack for ratings in the segment and are criticized for their slow acceleration and below-average passenger and cargo room,” said Ly.

Related: What to Ask Before Buying a Used Car

No. 7: Ram Pickup 1500 Class
FCA US LLC

Ram Pickup 1500

Percent difference used over new: -26.2%
Dollar difference used over new: $12,258
Like the Sierra 1500 before it, the Ram Pickup 1500 offers higher-end features that depreciate quickly, making gently used models good buys, although not as good as the Sierra. “The GMC Sierra 1500 and the Ram Pickup 1500 pickups are both full-size and are priced higher than not just their midsize counterparts, but also for the segment because they appeal to truck buyers who want more luxury,” said Ly.

2016 Nissan Titan XD
2016 Nissan Titan XD by Automotive Rhythms (CC BY-NC-ND)

Nissan Titan XD

Percent difference used over new: -25.3%
Dollar difference used over new: $12,809
American pickups like the vaunted Ford F150 dominate not just the U.S. truck market, but the domestic auto industry in general. This fact often makes foreign brands like Nissan good buys on the used market. “The Nissan Titan XD offers more towing capacity than the standard Titan, but it isn’t as popular or as powerful as its American competitors in the segment,” Ly said.

Related: Cheapest New Cars and Trucks for 2020