What luxury cars depreciate most?

The great thing about rich people is that they buy new cars like mad and let the old ones go for pennies. Jalopnik readers know these ten most-depreciated cars of the past ten years.

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We are not recommending you buy any of these cars. Well, you should definitely buy an E39 M5 and a VW Phaeton, but that's about it. Consider finding yourself a Yakuza-spec Infiniti M45, or a C5 Z06 Corvette if you want a great used bargain. These cars are quite a different matter. Let's just say there's a good reason why they depreciated so much.

Matt Farah of The Smoking Tire has plenty of experience dealing with high-mileage luxury cars in exotic car rentals. He described what it's like to use a Maserati Quattroporte with 70, 000 miles on the odo. It should give you an idea of what it's like to drive one of these cars.

I know what a 70, 000 mile QP feels like. It feels like trash. There's a reason a 5 year old QP sells for , 000 at a wholesale auction. The leather may feel nice, the engine may sound good, it may be pretty and it may be fast, but I have loads of experience with exotic cars and these cars do not age well at all in terms of fit, finish, and quality. They are unreliable, crazy expensive to repair and maintain, and, in my experience, bits literally fall off them.

Photo Credit: Maybach

10.) 2003 BMW M5 — Down $54, 000

The legendary E39 M5, a member of the Jalopnik Fantasy Garage, has lost a total of , 000, falling from around , 000 to just , 000. That figure counts more when you consider that the E39 is, in fact, a priceless work of automotive art.

, Photo Credit: BMW

9.) 2004 Maybach 57 — Down $200, 000

You can buy one of these early Rolls-Royce competitors for just over $100, 000. It stickered for $305, 500 almost a decade ago. Despite the massive $200, 000 drop, an old Maybach 57 has only lost two thirds of its value. That's chump change in this group.