When you buy a car new, depreciation is a risk you have to take. So like with any risk, one tries to minimize it. That’s why Toyota and Honda are such perennial favourites. low depreciation. But what cars should you avoid if you don’t want to suffer depreciation that could make you depressed?
The Mirror has the latest skinny on UK depreciation figures. There were the usual suspects on the list. The Peugeot 407 2.0 HDi 140 Sport loses 55 percent of its value within six months and the Vauxhall Zafira 1.6i 16V Life loses 54 percent in the same time period. They were biggest depreciators by percentage, but the biggest depreciator by real-term price went to the Audi A8 4.2 TDi Quattro SE. Within six months, the Audi can lose an eye-popping £33,700. That’s $51,793 in today’s greenbacks,
So, if you bought a brand new Audi A8 4.2 TDi Quattro SE at MRS, every morning you wake up, you can kiss £185 ($284) goodbye. When this report was put to Audi, a spokesperson replied that the model used for this survey was an outgoing model to be replaced by a new one and was, therefore, less appealing to buyers. Even so, does that justify a loss of £33,700 for six months?
On the other end of the spectrum, the Mini 1.6 only lost £10 a day for the first six months. On average, new cars lost 36 percent of their value within six months. Which gives a lot of credence to buying used. Let someone else take the hit…