For most of us it makes financial sense to buy a car that will not lose too much of its original value when the time comes to sell it sometime in the future. It is, for most of us, a bigger factor than the good deal – for instance haggling to force the price down – we arrange with the dealer when we buy that new car.
Simply put: The faster your car depreciates, the quicker the new car market will leave you behind. By far the majority of us need a good deposit when the time comes to buy any car.
It appears that cars at the top end of the spectrum retain their value best after the typical 36, 000 miles/3 years period which is often used as yardstick when determining depreciation. In layman’s terms it simply means that the difference between original purchase price and resale price after 3 years will be less than it would be in the case of cars that depreciate faster.
It makes sense, too, since these are often cars of which limited units are produced and they would therefore remain popular. Exclusivity plays a big role. It could also be that great care to detail is taken anyway when they are designed and assembled. We’ll take a look at some:
- Ferrari 458 – Recently Ferrari announced that its 458 retains as much as 93% of its value after 3 years!
- Porsche 718 Cayman Coupe – The German brand has always been a popular choice when money is not an issue, and prestige is. Recent figures suggest this car retains 55% of its original value after 36, 000 miles/3 years. Another Porsche that seems to retain a high percentage of its value – 56% – is the Macan SUV.
- BMW X4 SUV – SUV’s have become extremely popular all over the world. The UK is no exception. The X4 remains popular – and retains 55.9% of its value after 3 years. Quality is always desirable – and the right image does not harm anybody either.
The ‘’General” Market
This is where most buyers come from, whether it’s new you buy, or second-hand. Recent figures show that those who retain their value best are the following five:
- Mini – Always popular in the UK, British Mini fares best and loses only 46.88% of their value after 3 years/36, 000 miles.
- Audi – The German brand has always done well in the UK and keeps its value when it’s time to sell.
- Volkswagen – Another winner for the German brand. And it doesn’t seem as if Dieselgate has made a dent in its popularity.
- Lexus – Fourth best on the list, the Lexus does well across its whole range.
- Ford – Popular in the UK for years, both as new and used cars.