Spring is coming.  With warmer weather the temptation is to drop the top and head out on a road trip.  Maybe you'll even get a new car for the sunshine season ahead.  But as you prepare to seal the deal on that new ride,

Auto Expo 2016 At Greater Noida
Hindustan Times via Getty Images
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you might want to consider the issue of depreciation.    Depreciation is defined as "a reduction in the value of an asset with the passage of time, due in particular to wear and tear."

So remember, when you drive that new car off the lot its resale value takes a hit --so how much?

Autoblog lists what they found to be the cars with the greatest depreciation.  The message is not so much "Buyer Berware" as it is "hey, didjaknow?"!

(Source: AutoBlog)
10. Jaguar XK, $28,100 (29.2 percent decrease)
9. Mini Cooper, $9,000 (29.3 percent decrease)
8. Lincoln MKS, $14,600 (30.4 percent decrease)
7. Mercedes S-Class, $37,600 (32.4 percent decrease)
6. Volvo S80, $15,700 (32.6 percent decrease)
5. GMC Yukon XL, $21,100 (32.8 percent decrease)
4. Chevy Impala, $10,800 (33.5 percent decrease)
2. (tie), Cadillac CTS, $20,100 and Smart for Two, $6,900 (36.9 percent decrease)
1. Hyundai Genesis, $16,600 (38.2 percent decrease)

 

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