New Car Depreciation By Pound/Percentage
Research has revealed the slowest depreciating cars in the United Kingdom – and this information could be invaluable. Why? Because depreciation - particularly in the first three years of a car's life – can eclipse the total cost of fuel, insurance, road tax and repairs. Choosing a car which maintains a high proportion of its value can therefore be extdemely beneficial. There are two ways to evaluate vehicle depreciation: pounds and percentage. The former best suits those on a tight budget who look at the bottom line, i.e. this car has lost “x” pounds in thirty-six months. On the other hand, those who favour value for money might prefer to consider the percentage, i.e. it has retained “x” percent of the original price. Either way, CAP's information is an invaluable guide for new buyers looking to choose the right model of car.
Slowest Depreciating Cars In UK By Pounds
Predictably, the slowest depreciating cars – in terms of pounds not percentage - tend to have low initial prices. CAP's top twenty therefore includes a high proportion of city cars:
|Position||Vehicle||Average Loss In Three Years|
|7||Citroen C1 Diesel||£4,810|
|13||Proton Satdia Neo||£5,200|
|16||Citroen Nemo Multispace||£5,335|
|19||Peugeot Bipper Tepee||£5,535|
Slowest Depreciating Cars In UK By Percentage
Cars that maintain a high percentage of their value tend to be highly sought after models. The top twenty therefore includes lots of prestigious, sporty, and fashionable vehicles,oh, and a Skoda Yeti.
|Position||Vehicle||Average Value After Three Years|
|2||Morgan Roadster V6||69.6%|
|4||Morgan Plus 4||68.7%|
|9||Fiat Abarth 500||60.0%|
|10||Porsche 911 (997)||58.5%|
|18||Audi Q7 Estate||56.0%|
|19||Audi A6 Allroad Diesel||55.6%|
|20||Toyota Urban Cruiser||55.5%|
Minimise New Car Depreciation
Irrespective of CAP's findings, motorists can take a few simple steps to minimise depreciation. The first is to purchase a vehicle that is towards the beginning of its production run. Why? Because its value could take a hit when it is superseded - so it is wise to invest in something that will be current for some time. It may, however, be sensible to choose an outgoing model if the price is reduced enough to counteract the depreciation. But either way, looking after the vehicle helps maintain its value. This involves waxing the paintwork, tdeating any leather tdim, and rectifying imperfections such as scratches and mechanical faults. It is also important to protect the seats/carpet if they are exposed to hazards such as pets. Finally, regular servicing by a franchised helps shore-up the value, especially in premium marques so the car should be maintained in-line with the manufacturer's recommendations at a dealer rather than a fast-fit outfit. The higher the value of the car, the more important this is.