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

Here ෴are four categories 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开奖号码历史查询:Smartphones♛ lose their value rapidly within the 🐠first year of ownership.

“(Smartphones) depreciate by 50% of their value within a year, with new𒈔 versions featuring better capabilities being released,” says , chief executive officer at Go Vertical.

Laptops and tablets also quickly decline in value. “Laptops and tablꦓets depreciate by 30 to 60% within the first year due to hardware upgrades and sof🅺tware obsolescence,” Khoury says.

Other popular electronics such as televisions and home entertainment systems are also quick to 澳洲幸运5开奖号码历史查询: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, according to , retail strategist and founder of Retailbossꦜ.

“Used clothing in 澳洲幸运5开奖号码历史查询:designer wear doesn’t hold it𝄹s value unless it’s maybe a rar𝔉e 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 designe🧸r handbags. These items from designers such as Louis Vuitton hold their value.

“A Gucci $3,000 jacket (could) resell for $900, but 澳洲幸运5开奖号码历史查询: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开奖号码历史查询: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 ܫ2025 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开奖号码历史查询:timeshare that you were s🃏o excited about loses its value quickly.

“Timeshares almost universally 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 presentati🧜on, 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 their annual ma☂intenance 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 charge owners hefty sums of🐈 money to take them 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 much if you try to resell 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.