Savvy car buyers know they can probably purchase a used car that is only a few years old for a fraction of the price of the new model. With that in mind, Edmunds put together a list of the top 10 2008 models that are likely to depreciate in the next five years.

In coming up with its estimates, Edmunds assumes that the cars will have an average of 15,000 miles per year and says two Mini Coopers top the list.

In fact, BWM, the maker of Mini Cooper, takes the top three spots with the Mini Cooper, Mini Cooper Clubman and BMW M3 all retaining more than 50 percent of their original value in five years.

BMW also hold the number nine position on the list with the BMW 1 Series tied with the Volkswagen Eos in holding 47 percent of its value.

The only American car on the list was the Chevrolet Corvette which at number eight will hold slightly more value than the BMW 1 Series with 47.1 percent.

By contrast, the two cars with the worst residual value are the Kia Rio (26.3 percent) and the Kia Spectra (27 percent).

Find New York Used Cars with New Jersey State Auto.