Kizashi considered "Total Depreciation Disaster" by NADA
Posted: Wed Jun 29, 2016 5:29 pm
In an article by Car and Driver, the NADA (National Automobile Dealers Association) put out a list of the vehicles with the highest resale values and the models with the worst. The Kizashi made it on the list, but not in a good way. It predictably ranked among the very worst cars for resale value, retaining an average of only 32% after 3 years. Also on the list were other Suzukis, being the SX4 and the Grand Vitara. It's obvious that the orphan status of these Suzukis greatly affects their resale value, despite their good technical record for things like reliability and low cost of ownership.
Hence, while I am a huge fan of Suzukis, I am typically on the side of abandoning the car if some major issue comes up like a catastrophic CVT failure. While some other Kizashi fans may be irked by my position, it's pretty much because of this. It's financially ill-advised to spends thousands fixing something that is worth very little on the market.
However, this is also why I'm on the side of Kizashi owners without major problems keeping their cars long term and driving them until "the wheels fall off". This way, you get the most out of the intrinsic value of the Kizashi without worrying about resale value. The low resale value also makes them excellent buys in the used car market. It's a technically-great car for low money and a good alternative to Subarus which tend to be overpriced on the used market. After all, the Impreza and the XV Crosstrek are in the list for top resale value. In fact, I got my Kizashi as a better-value alternative to a Subaru.
http://blog.caranddriver.com/which-vehi ... disasters/
Hence, while I am a huge fan of Suzukis, I am typically on the side of abandoning the car if some major issue comes up like a catastrophic CVT failure. While some other Kizashi fans may be irked by my position, it's pretty much because of this. It's financially ill-advised to spends thousands fixing something that is worth very little on the market.
However, this is also why I'm on the side of Kizashi owners without major problems keeping their cars long term and driving them until "the wheels fall off". This way, you get the most out of the intrinsic value of the Kizashi without worrying about resale value. The low resale value also makes them excellent buys in the used car market. It's a technically-great car for low money and a good alternative to Subarus which tend to be overpriced on the used market. After all, the Impreza and the XV Crosstrek are in the list for top resale value. In fact, I got my Kizashi as a better-value alternative to a Subaru.
http://blog.caranddriver.com/which-vehi ... disasters/