Does Geely depreciate quickly?
2 Answers
Geely depreciates quickly. The resale value of a car is influenced by many factors, with the two most important being the reliability of the vehicle's quality and its popularity. Vehicle depreciation: Vehicle depreciation loss refers to the reduction in the actual value of a vehicle after it has been involved in a traffic accident and repaired. Although the performance may be restored, the vehicle's lifespan, safety, and handling are difficult to fully return to their pre-accident state, inevitably leading to a loss in value. This is the loss caused by the accident reducing the vehicle's worth. Depreciation circumstances: Minor frictions on the vehicle do not result in depreciation costs. In more severe traffic accidents, even after repairs, the damaged vehicle is unlikely to fully regain its pre-accident performance, and its safety is also reduced accordingly.
To be honest, I've been driving a Geely Emgrand for five years now, and I recently checked its price in the used car market. Generally, domestic cars don't hold their value as well as Japanese or German brands, but it really depends on the model and condition. For my older Emgrand model, dealers offered about 60% less than its original purchase price. However, newer models like the Xingyue L or Boyue PRO retain their value much better, with about 70% remaining after three years. As for electric vehicles like the Geometry series, battery degradation has a significant impact on resale value. My personal advice: if you plan to change cars within three to five years, opt for popular fuel-powered configurations from Geely. If you're keeping it for eight years or more, the difference isn't that significant.
