Some of your favorite consumer products depreciate quickly, leaving you with a product worth much less than you paid. From electronics to fashion to cars and even vacation timeshares, these items all have one thing in common: They a𓄧ll plummet in value in the first year of ownership.

Here are fo🦩ur categorie💛s of consumer products that depreciate rapidly. If you buy these products, they will lose a great deal of their value within a year.

Electronics

澳洲幸运5官方开奖结果体彩网:Smartphones lose their value rapidly with෴in the first year of o🐲wnership.

“(Smartphones) depreciate by 50% of their value within a year, with new versions featuring better capabilities being releaꩲsed,” says , ch෴ief executive officer at Go Vertical.

Laptops and tablets also quickly decline in value. “Lap♔tops and tablets depreciate by 30 to 60% within the first year due to hardware upgrades and software obsolescence,” Khoury says.

Other popular electronics such as televisions and home entertainment systems are also quick to 澳洲幸运5官方开奖结果体彩网:depreciate due to continual advances in screen technology, Khoury says.

Fashion

Even fashion gets hit with a big drop in value. Fashion items drop 50% to 70% in value almost as soon as you wear them, according𓆉 to , retail strategist and founder of Retailb🌳oss.

“Used clothing in 澳洲幸运5官方开奖结果体彩网:designer wear does𒆙n’t hold its value unless it’s maybe a rare piece off the runway,” Alvarado says. “But for most customers who buy ready-to-wear in store, the price decreases by 50% after it’s worn once. Even runway pieces, which may retail for $5,000, (find) it hard to command anywhere close to that in the secondhand market.”

The exception is designer handbags. These items from designers such as Louis Vuitton ho🍰ld their value.

“A Gucci $3,000 jacket (could) resell for $900, but 澳洲幸运5官方开奖结果体彩网:Louis Vuitton’s Neverfull bag? It gained 167% since 2010—proof that designer bags beat collection hype,” Alvarado says. “While mass-produced ‘luxury clothing’ drops 70%, luxury handbags retain 80% value through relentless 澳洲幸运5官方开奖结果体彩网:scarcity tactics. The Hermès Birkin bag doubled in value after five years. It ranks as #1 in luxury bags for highest resale value with a 250% retention rate.”

Cars

A new car depreciates 20% to 30% in its first year. When you reach the fifth year of ownership, a car has kept only 40% of its value. Luxury models have even steeper depreciations.

“A 2025 BMW 5-Series Hybrid will lose 20 to 30% of﷽ its value before your first oil change. Even luxury SUVs like the Lincoln Navigator lost 47% resale value in three years—a[n] $83K ride becomes $44K,” Alvarado says.

Fortunately for car shoppers, some brands of cars hold their value better than others. If you are looking for a car with a lower depreciation hit after five years of ownership, shop Toyota, Mazda, Honda, Subaru, and Jeep.

Timeshares

That vacation 澳洲幸运5官方开奖结果体彩网:timeshare that you were so excited about loses 🔥its value quic꧅kly.

“Timeshares almost univꦍersally lose 90% to 100% of their retail purchase value the instant they are bought,” says of the Timeshare Users Group. “Timeshares today sell for an average of $24,000 when bought during sales presentation, and for the most part, that same ownership or points package is offered for free on the resale market by owners who just want out and to stop paying th💛eir annual maintenance fees.”

The 100% depreciation seems extraordinary.

“It’s not even a mild exaggeration to make the 100% depreciation claim. Heck, sometimes it can be even more than 100% depreciation because many timeshares will char🦩ge owners hefty sums of money to take t🤪hem back,” Rogers says.

The Bottom Line

If you bought an item with a big depreciation hit in its first year and onward, consider hanging on to the product for as long as you can. You won’t get muc🌼h if you try to re🐈sell it, and if it still works and you are satisfied with the product, it is wise to keep it.

Be aware if you buy a similar, new product again that you’ll be facing a big loss in value in the first year and beyond. If you are comfortable buying used products, you’ll pay much less. Shop used for clothing, electronics, and cars and save.