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Chrysler Pacifica is highest priced & has higher depreciation versus minivan competitors

4076 Views 61 Replies 16 Participants Last post by  jongri
I don't buy a brand new vehicle believing it's a good investment (no one should). They all lose $5-$10,000 in value as soon as you drive off a new car dealers lot. My one gripe with buying a new Chrysler Pacifica is the astronomical depreciation it has versus the competition. Don't get me wrong I love my new 2022 Pacifica & would buy it again. But it really is a wake up call to realize that in only one month after purchase (with only 244 total miles) it's value has dropped $20,000 from its selling price! That's by far the highest depreciation of any new vehicle I've ever purchased in 46 years and a real eye opener for sure. Luckily for me I keep my new vehicles for over 10 years on average but if I had one complaint about the Chrysler Pacifica it has the highest depreciation rate by far of all the minivan competition.
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Back in the good ol' days, you'd have 8-10k off the MSRP price PLUS the $7500 tax credit. You can't get a cheaper van than that. My 2021 Pinnacle, which was under $44k OTD plus the $7500 tax credit, is still worth around $48-$49k. It has more options than a 2022 and is not easy to find these days.
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KBB is known to work for dealers and not consumers. They want dealers to get the best trade-in value so they can turn around and sell for $7k over what they paid. Same for truecar and many others.
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