Genesis G70 Resale Value and Depreciation
See how much the Genesis G70 depreciates and retains its value over a 3-, 5-, 7- and 10-year timeframe.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Genesis G70 depreciates 44.1 percent after five years, resulting in a resale value of $24,286. In comparison, the luxury compact car category, which the Genesis G70 belongs to, loses 44.7 percent of its value after five years. For further context, the five-year depreciation for all sedans is 40 percent and for all vehicles is 41.7 percent.
If you plan to drive a new Genesis G70 for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Genesis G70 sees a depreciation of 25 percent with a resale value of $32,583. Its 7-year depreciation is 54 percent and 10-year depreciation is 66.3 percent.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Genesis G70 depreciates 44.1 percent after five years, resulting in a resale value of $24,286. In comparison, the luxury compact car category, which the Genesis G70 belongs to, loses 44.7 percent of its value after five years. For further context, the five-year depreciation for all sedans is 40 percent and for all vehicles is 41.7 percent.
If you plan to drive a new Genesis G70 for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Genesis G70 sees a depreciation of 25 percent with a resale value of $32,583. Its 7-year depreciation is 54 percent and 10-year depreciation is 66.3 percent.
Genesis G70 Depreciation After 3, 5, 7 and 10 Years
Genesis G70 Depreciation and Resale Value
| Vehicle Age | % Depreciation | $ Depreciation | % Residual Value | $ Residual Value |
|---|---|---|---|---|
|
3 Years |
0.2500957678 |
10866.66111091 |
0.7499042322 |
32583.33888909 |
|
5 Years |
0.4410533129 |
19163.766445505 |
0.5589466871 |
24286.233554495 |
|
7 Years |
0.5402300546 |
23472.99587237 |
0.4597699454 |
19977.00412763 |
|
10 Years |
0.6626156572 |
28790.65030534 |
0.3373843428 |
14659.34969466 |
Genesis G70 Depreciation Comparison
| 3-Year Depreciation | 5-Year Depreciation | 7-Year Depreciation | 10-Year Depreciation | |
|---|---|---|---|---|
|
Genesis G70 |
0.2500957678 |
0.4410533129 |
0.5402300546 |
0.6626156572 |
|
All Luxury Compact Cars |
0.2323447985438546 |
0.4470131668643323 |
0.5822865472358619 |
0.7099948139673949 |
|
All Sedans |
0.242806461102629 |
0.3998757313826054 |
0.5076429493206805 |
0.6362355787814005 |
|
All Cars |
0.2479009430045714 |
0.4169516770977099 |
0.5250555738469359 |
0.6511538004448022 |
Methodology
iSeeCars analyzed over 15 million vehicles to calculate the depreciation and resale value for each model after 3, 5, 7, and 10 years. The depreciation for a given model is calculated from the difference between the new car price and the used car price for the model at each age. Factors such as the car's automaker and vehicle segment are taken into account in iSeeCars' mathematical model to estimate resale value and depreciation. Various segment averages are also calculated for context.