This is something that could be overlooked by motorists when buying a new car, but it would be important to review the level of depreciation before purchasing a new car to ensure they get the best resale value.
(PRWEB UK) 19 September 2012
Cars typically depreciate over time; however, new figures show that some are better at holding their value than others.
Worryingly, the Volvo S80 loses the most value over a three year period - a staggering 80% of the showroom price. The best car at holding its value is the £80,000 Porsche 911 Carrera Cabriolet. This vehicle will lose just 45% of its showroom value over the same period, according to figures from Auto Express and car valuation specialist CAP.
The second best vehicle at fighting off high depreciation levels was the Mini Cooper Roadster, which retained 55% of its value. The Ferrari 458 Italia came in third place keeping 53.6% of its value from new or after 30,000 miles within three years.
Car Loan 4U Co-Director James Wilkinson commented:
“It’s common for cars to quickly depreciate in value once they have been bought, or even driven out of the showroom. This is something that could be overlooked by motorists when buying a new car, but it would be important to review the level of depreciation before purchasing a new car to ensure they get the best resale value.
“Anyone looking to buy a new vehicle might want to consider cheap car finance.”
The popular Porsche Boxster was also in the top ten, keeping 52% of its value. Other models in the top ten include the Morgan 4/4 1600 Tourer Sport and the Mercedes A-Class.
The highly sought after Audi A3 also kept 52.2% of its value.
The research looked at more than 40,000 models, prices, percentages and predictions to determine which vehicle would hold the best value. Car loan 4U could help motorists looking for car finance with loan rates starting from just 7.9% APR.
Notes to editors
*Source: Auto Express & CAP figures Britain's depreciation winners and losers 24/08/12