Lincoln Navigator L Among Top 25 Models With Highest Depreciation

In recent years, the Lincoln Navigator has ranked as one of the fastest-depreciating vehicles on the market in a few studies, which isn’t surprising for a luxurious vehicle that’s sold new with a higher MSRP. Those types of vehicles tend to depreciate at a more rapid rate than their mainstream alternatives, after all, making them a solid target for those in the used market. Now, a new study once again shows that the Lincoln Navigator remains among the quickest-depreciating vehicles on the market, but this time, it’s the long-wheelbase L model, specifically.

According to this new study from iSeeCars, the Lincoln Navigator L ranked 22^nd among the top 25 vehicles experiencing the most depreciation over the past five years. The Navigator L, on average, has shed 60.3 percent or $62,069 from its original MSRP, compared to the overall average of 45.6 percent, or $17,395. It’s still far from the worst offender, however – the “first place” Jaguar I-Pace has lost a whopping 72.2 percent of its value over the past five years, or around $51,953 compared to its MSRP when new. To come up with these results, iSeeCars analyzed over 800,000 five-year-old used vehicle sales conducted between March 2024 and February 2025.

“Depreciation remains the most expensive aspect of buying a new vehicle, and the variation between vehicle types and specific models is something consumers should consider when researching their next purchase,” said iSeeCars Executive Analyst Karl Brauer. “The difference between buying a hybrid versus an electric vehicle could be tens of thousands of dollars in lost value. Both the percentage and dollar value drop of luxury vehicles need to be considered for new car buyers. While a premium badge and the increased performance or luxury features that come with it are often sought out by new car buyers, the used car market doesn’t prioritize those traits to the same degree, thus the consistently higher depreciation for luxury models.”

This has certainly been true of the Lincoln Navigator in recent years, as that model ranked as one of the fastest-depreciating vehicles on the market in both 2022 and 2023 in other studies. However, the Navigator was among the top 10 one-to-five-year-old used vehicles with the largest price jumps in another study from iSeeCars just a couple of weeks ago as well.