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What is Lincoln depreciation?
I don't see many Lincolns on the road these days, and I’m wondering if it’s because they don’t age well. Can you tell me the depreciation rate of Lincoln?
Mary Cahill · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Depreciation rates are different for every car! Lincoln depreciation varies based on the model, but its SUVs aren’t the best at holding their value. Depreciation rate measures how quickly a vehicle loses its original MSRP value in order to determine the resale price.
For instance, the Lincoln Corsair depreciates by 45% after five years. If you bought it brand new for around $39,885, you’d get just over half of that if you sell it five years down the line.
The news is even worse for the king-sized
Navigator
. The starting price for a brand new Navigator is around $79,330. After five years of ownership, this SUV depreciates by a cringeworthy 56%, which means you’ll only be able to get about $45,605 when you sell it. No matter what Lincoln model you drive, it’s important to protect it with quality
car insurance
that doesn’t wipe out your bank account. To get the best price on coverage, on Lincoln insurance
, browse rates with Jerry
. With Jerry’s help, it takes 45 seconds to get access to the cheapest car insurance quotes from over 55 top-rated insurance providers. Thanks to Jerry, you can skip all the phone calls and long forms and be on the fast track to potential car insurance savings of more than $800 a year!
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- Gregory R.
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