The luxury SUV segment was officially started way back when the Jeep Grand Wagoneer was released. The Grand Wagoneer was everything that drivers never expected an SUV could be at that time. It was luxurious with leather seating, a comfortable ride, and an attractive exterior that looked impressive no matter where you went. Throughout the years, the luxury SUV market adapted and offered many different vehicles.
Lincoln was most notable for spurring the popularity of the segment with the Navigator, and shortly after that drivers got the Cadillac Escalade. But as with the luxury car segment, depreciation is a killer for these huge SUV models. What you could once get for a pretty penny can potentially be had for next to nothing these days. We looked back at 20 luxury SUVs that have depreciated the most.
20: Mercedes Benz ML320 (First Generation)
The original Mercedes Benz ML320 was a groundbreaking SUV for many reasons. It was one of the first crossover SUV models. It was also the first Mercedes SUV designed for the masses, unlike the much larger G-Wagon. The design was unmatched at the time, with the ML320 even starring in Jurassic Park 2 (via JP Motor Pool).
The design proved popular and became a top-selling model for Mercedes-Benz. Nowadays though, the original ML320 has depreciated considerably. Sometimes drivers can find one for as cheap as $1800. Considering all the luxury features that you get, that’s a reasonable starting point.