When to comes to making an investment in a car, you always want to ensure you’re getting a good deal. When it comes time to sell, you want to be sure that you haven’t lost too much money in the process.
So, we’ve put together the top 10 fastest depreciating cars of recent times so you know where not to invest if you want to look after the pennies. The following cars in the list have lost well over half their value in the first year!
10. Skoda Rapid 1.4 TDI CR 90 SE L – With a list price of £18,975, after just 12 months this car is worth only £11,900, a 62.7% drop.
9. Citroën C4 1.2 Puretech Edition – A list price of £18,160 yet 12 months later the Citroen will only be worth £11,260, that’s a 62% drop.
8. Alfa Romeo Giulietta 2.0 JTDM-2 – This lovely car has a list price of £22,200 when new, yet only 1 year later the Alfa has taken a 61.8% drop in value to just £13,725.
7. Peugeot 508 2.0 BlueHDi 150 GT Line – You’d have to pay a whopping £29365 if you were paying list price for the Peugeot but 12 months later you’d find that your car was worth only £18,415 a decline of £62.7%.
- 6. Peugeot 308 1.6 Blue HDi 100 Active – £19,770 is the advertised list price for the 308, yet if you were to invest, you could expect the car to be worth just £12,670 months later. A drop of almost 65%.
5. Fiat Punto 1.4 Pop+ – Making it half way up the list, and with a list price of £12,275 this car would be thought to make a great investment for a younger driver. Only 12 months on though, they’d see their car value drop by 66.4% to be worth just £8,150, probably not the best investment.
- 4. Vauxhall Astra GTC 1.6 CDTi 16V ecoTEC Sri – Making it into the Top 5, the Astra ranks high it the depreciation factor, with an initial list price of £24,465 yet only one year later the Astra will be worth just £16,390.
3. Alfa Romeo Mito 1.3 JTDM-2 – The Alfa Romeo makes it into the Top 10 twice with the Mito at number 3. The list price of an brand new Alfa Romeo is £16,080, 12 months in and you’ll be looking at getting £11,555 in return for your car, a massive drop of 71.9%!
2. Nissan Leaf Visia – At £26,180 the Nissan Leaf is no cheap car for its size and capabilities however if you wanted to sell the car a year into owning it, you can expect a drop in value of 72.1%, having depreciated almost by three quarters of its original list price.
1. Renault Zoe i-Dynamique Nav Quick Charge – The top spot is taken by another electric car, this time the Renault Zoe. Although we’re a great lover of electric vehicles, some buys are better than others, unfortunately, if you’re looking for a car to hold its value, you’re better off not opting for the Zoe. With a list price of £29,020 you can expect a depreciation of around 77.6% in the first year!
So if you’re thinking twice about buying one of the cars listed above, you don’t have to be completely put off. If you’re worried about the depreciation, why not avoid it completely whilst still enjoying driving one of the 10? How? Lease. With leasing, you can enjoy all the driving experience of the car without the financial obligation. Give us a call today and we’ll talk you through the details 01332 290173 or complete the form below and we’ll get back to you as soon as we can.