Car depreciation revealed

Mini suffers least depreciation
Mini suffers least depreciation
Car price guide Wisebuyers has revealed which cars cost drivers the most and least in depreciation. The Mini comes top -- and at the bottom is the Daewoo Nubira (the what??) which lost a stonking 90 per cent of its value in three years.

The statistics have been reproduced as tables showing which affordable cars lose the most money, and which lose the most value as a percentage of their new price.

Wisebuyer’s findings

  • The right model is crucial. It doesn’t matter which make you buy as much as which model and specification you choose. For example, Vauxhall have a car in both the top and bottom ten and the majority of their models are in the middle of the league (neither losing or saving the buyers a notable amount).
  • Buying cheaper cars can cost you more. A new Daewoo Nubira may only cost £11,012 but it loses 90.5 per cent (nearly £10,000) of its value over 3 years, making it worth just over £1,000. A £16,015 Honda Civic loses a similar amount of money, but is still worth £6,282 and will usually be more reliable and enjoyable.
  • Too many extras can be bad for you. Buying a standard car with a very high specification tends to create heavier depreciation. You are better off buying a mid-range specification BMW 5-series or Mercedes C-Class than a top of range Vauxhall Omega for example (worst performing car on depreciation)
  • Small cars and high image cars (like Lotus Elise or Volkswagen Golfs) always lose the least.

Advice to car buyers

  • Car buyers don’t spend enough time planning to buy their car. Just comparing today’s prices in the classified ads isn’t enough.
  • When buying a used car, you need to know more than one price:

 o The new price (ideally you want the previous owner to have paid the majority of the depreciation)

 o Today’s two main prices (for sale in dealerships and privately)

 o Likely price in a year or two, or when you plan to sell it

Compare cars to see which model and specifications lose the most and how quickly before deciding which car to buy.

 o Most Audi A4s lose over 50% of their value in three years, typically around £10,000, making them a great used buy, but the new car buyer should go for the Cabriolet which loses 33.8% (and is second in the top 10 by percentage)

 o The customer that buys a new Mini One will lose £1,300 less than the buyer of a Mini Cooper S. But the used buyer should go for the Cooper S every time, because the previous owner has paid the depreciation and they get all the extra performance!

  • Remember a car is only worth the guide value it's not stolen, hiding faults or been badly looked after.

Cars under £25,000 when new in 2003

       

Now coming up to their first M.O.T. have they been great value new cars or are they about to become a great used buy for their next owner?

     

Top 10 losers - in money value

 

2003 New Price

Trade Price Today

Loss

Loss %

 

Vauxhall

Omega (1994-04)

4Dr Saloon 3.2i V6 24v MV6 Auto

£24,995.00

£4,880.00

£20,115.00

80.48%

 

Alfa Romeo

166 (1999-)

4Dr Saloon 2.5 V6 24v Turismo

£24,335.00

£5,683.00

£18,652.00

76.65%

 

Rover

75 (1999-05)

5Dr Tourer 1.8 T Connoisseur SE Auto

£24,765.00

£6,303.00

£18,462.00

74.55%

 

Citroën

C5 (2001-)

5Dr Estate 3.0i V6 Exclusive Auto

£23,595.00

£5,266.00

£18,329.00

77.68%

 

Renault

Avantime (2002-03)

3Dr Coupe 2.0T Dynamique

£23,870.00

£5,792.00

£18,078.00

75.74%

 

Land Rover

Freelander (1997-)

2Dr Softback 2.5i V6 ES Auto

£24,210.00

£6,167.00

£18,043.00

74.53%

 

Peugeot

406 (1996-04)

5Dr Estate 3.0 V6 Executive Auto [SN]

£23,810.00

£5,853.00

£17,957.00

75.42%

 

Renault

Vel Satis (2002-)

5Dr Hatchback 2.2 dCi Privilege Auto

£24,857.00

£6,918.00

£17,939.00

72.17%

 

Peugeot

607 (2000-)

4Dr Saloon 2.2 HDi SE Auto

£24,610.00

£7,020.00

£17,590.00

71.48%

 

Volvo

S80 (1998-)

4Dr Saloon 2.4T S

£24,040.00

£6,568.00

£17,472.00

72.68%

Top 10 losers - in percentage of purchase price

       
 

Daewoo

Nubira (1997-03)

4Dr Saloon 1.6 Spec Edn

£11,012.00

£1,043.00

£9,969.00

90.53%

 

Fiat

Marea & Weekend (1997-02)

4Dr Saloon 1.6 ELX Auto

£13,555.00

£1,699.00

£11,856.00

87.47%

 

Proton

Wira (2000-)

5Dr Hatchback 1.6 EXi Auto

£9,860.00

£1,881.00

£7,979.00

80.92%

 

Vauxhall

Omega (1994-04)

4Dr Saloon 2.2i 16v CD Auto

£20,820.00

£4,023.00

£16,797.00

80.68%

 

Citroën

C5 (2001-)

5Dr Hatchback 3.0i V6 Exclusive Auto

£22,495.00

£4,681.00

£17,814.00

79.19%

 

Hyundai

Accent (2000-)

5Dr Hatchback 1.5 CDX Auto

£10,365.00

£2,167.00

£8,198.00

79.09%

 

Suzuki

Swift (1992-03)

3Dr Hatchback 1.0 GLS

£6,875.00

£1,452.00

£5,423.00

78.88%

 

Chrysler

Neon (1999-04)

4Dr Saloon 2.0 R/T

£14,000.00

£3,015.00

£10,985.00

78.46%

 

Citroën

Xsara (1997-04)

3Dr Coupe 1.6i 16v VTR

£12,795.00

£2,820.00

£9,975.00

77.96%

 

Hyundai

Elantra (2001-)

5Dr Hatchback 1.6 Si Auto

£11,915.00

£2,664.00

£9,251.00

77.64%

Top 10 cars that lose the least (price)

       
 

Mini

Mini (2001-)

3Dr Hatchback 1.6 One

£10,255.00

£6,828.00

£3,427.00

33.42%

 

Daihatsu

Charade (2003-)

3Dr Hatchback 1.0 EL

£6,182.00

£2,727.00

£3,455.00

55.89%

 

Seat

Arosa (1997-)

3Dr Hatchback 1.0 (Revised 2001)

£6,010.00

£2,413.00

£3,597.00

59.85%

 

Perodua

Kelisa (2002-)

5Dr Hatchback 1.0 EX

£5,140.00

£1,439.00

£3,701.00

72.00%

 

Vauxhall

Agila (2000-)

5Dr MPV 1.0i 12v Expression

£6,010.00

£2,301.00

£3,709.00

61.71%

 

Smart

City (2000-04) & ForTwo (2004-)

2Dr Coupe 0.6 Pure Auto [RHD]

£6,285.00

£2,437.00

£3,848.00

61.23%

 

Honda

Jazz (2002-)

5Dr Hatchback 1.4i DSI S

£9,015.00

£5,146.00

£3,869.00

42.92%

 

Seat

Arosa (1997-)

3Dr Hatchback 1.0 S (Revised 2001)

£6,515.00

£2,630.00

£3,885.00

59.63%

 

Toyota

Yaris (1999-05)

3Dr Hatchback 1.0 VVTi S [PAS]

£7,213.00

£3,290.00

£3,923.00

54.39%

 

Volkswagen

Polo (2002-05)

3Dr Hatchback 1.9 SDi E

£8,815.00

£4,797.00

£4,018.00

45.58%

Top 10 cars that lose the least (percentage)

       
 

Mini

Mini (2001-)

3Dr Hatchback 1.6 Cooper S

£14,420.00

£9,627.00

£4,793.00

33.24%

 

Audi

A4 (2001-04)

2Dr Cabriolet 2.4

£24,688.00

£16,324.00

£8,364.00

33.88%

 

Honda

Civic (2000-)

3Dr Hatchback 2.0i Type R 30th Anniv

£17,013.00

£10,618.00

£6,395.00

37.59%

 

Lotus

Elise (1996-)

2Dr Convertible 1.8 (Revised 2001)

£23,180.00

£14,420.00

£8,760.00

37.79%

 

Kia

Sorento (2003-)

5Dr Station Wagon 2.5 CRDi XE

£18,295.00

£11,285.00

£7,010.00

38.32%

 

Volkswagen

Golf (1998-04)

3Dr Hatchback 3.2 V6 R32 4Motion

£22,608.00

£13,462.00

£9,146.00

40.45%

 

Audi

TT (1999-)

2Dr Coupe 1.8 T [180 bhp] Quattro 6spd

£24,115.00

£14,195.00

£9,920.00

41.14%

 

Audi

A3 (1996-03)

S3 3Dr Hatchback 1.8T [225 bhp] S3 Quattro

£24,840.00

£14,467.00

£10,373.00

41.76%

 

Honda

Jazz (2002-)

5Dr Hatchback 1.4i DSI SE Sport

£11,315.00

£6,484.00

£4,831.00

42.70%

 

Kia

Sorento (2003-)

5Dr Station Wagon 2.5 CRDi XS

£21,555.00

£12,301.00

£9,254.00

42.93%

Comments (39) Join the discussion on the forum

  • chris_crossley 24 May 2006

    The MINI dose not supprise me.
    My Trade in value was about 70% and it was four years old!

    Excellent cars.

  • Phil Dicky 24 May 2006

    Yep makes me happy with the Mini,
    On a side note has anyone noticed how far the X5 prices are dropping
    £15k now buys a 4/5 year old car !!. Had I still had my X5 I would have lost 20k in 2 years.

  • trackdemon 24 May 2006

    Our Cooper S is up for sale shortly, this is great news

  • LooseCannon 24 May 2006

    What the hell is a Kia Sorento, and how does it mix it with the Honda/Audi/VW crowd for good depreciaition?

  • corcoran 24 May 2006

    I'm loving that i've been looking to spend about 5-6K on a car and it's aaallll about the renault laguna dynamiques, vauxhall omegas and rover 75s. chortle. then again high-mileage 530d's/530i's are also just north of 7k and what fun!!

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