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12 cars that depreciate in price quickly and are good to buy used

If you’re in the market for a new car, you may be tempted to drive a brand new one off the lot. After all, many manufacturers are already releasing their feature-packed 2017 models, and the weather hasn’t even turned cold yet.

But, before you do, consider this: a new study by iSeeCars.com, an automotive data and research company, found that buying a new car is not always going to get you the best bang for your buck. In fact, the company discovered that purchasing some cars that are just a year old can provide consumers with substantial savings.

To establish the savings, iSeeCars.com analyzed the more than 14 million cars sold from August 1, 2015 to July 31, 2016, excluding models with fewer than 250 new and 250 used cars sold. The average asking prices of year-old cars were compared to those of new cars from the same model, according to the release, with the difference in price expressed as a percentage of the new model average price. This percentage was then compared to the overall percentage difference across all models.

Using this data, iSeeCars.com researchers found that the average price difference between a new car and a lightly used car was 21.2 per cent, ranging from $6,099 to $19,966 in savings. (Note: For this study, a lightly used car is defined as a vehicle from the 2014-2015 model years with mileage within 20 per cent of 13,476, the average annual miles traveled in the U.S., according to the Department of Transportation.)

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But it isn’t all cars ? iSeeCars.com established a dozen vehicles that offer the best value when purchased lightly used instead of brand new, with price differences between 31.2 per cent and 34.6 per cent ? at least 1.5 times more than the overall average. Click through to see those 12 cars.

The content of this slideshow originally appeared as a Credit.com story found here.

All figures in U.S. dollars.