Least depreciating cars ?
#1
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Least depreciating cars ?
Had enough of wasting money on cars, which makes and models will depreciate the least over time, I am after something with a bit of pace.
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....are you talking as a percentage or an amount?
I would say get an older car, they cost a little more to maintain - but pick a good one and you will be ok.
I would say get an older car, they cost a little more to maintain - but pick a good one and you will be ok.
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Originally Posted by markys2
Had enough of wasting money on cars, which makes and models will depreciate the least over time, I am after something with a bit of pace.
#11
Depends which 911 you are talking about...the 993's appear to have superb residuals and are very sought after..the 996 on the other hand have been blighted by RMS issues, and this has caused a steady deprecaition, and surplus of cars on the used car market....
#13
I seem to remeber reading somewhere, I think the Top Gear Mag that the Audi A4 convertable is currently the least depreciating car on the market at the moment. I not sure which model as you car get the 1.8t, 2.4 v6, 3.0v6 and the 2.5 Tdi.
#17
Pug 205 1.9 GTi, never costed me a penny in 5 years of driving them.
Original price + all servicing costs equalled selling price.
Currently on 4th, up by around £500 even after servicing.
Amazing the amount of people who sell them off cheap because they don't idle well and are due a MOT/service and its winter time.
Mines a mi16, it has some "pace" and a joy to drive.
NB You did not mention new or refined/desirable
If new cars, Yaris or Minis least by value, Porsches/SLK good by %, think they're in the 65/70% after 3 years, you're still lose loads of cash eg if costs £50k, depreciate 35% (£17k) and cost you loads to finance (£9k) over 3 years. Mini Cooper lose around £5k (£3k deprec. £2k finance) after 3 years.
Look at contract hire rates for guide on what cars really cost, they are fairly accurate
Original price + all servicing costs equalled selling price.
Currently on 4th, up by around £500 even after servicing.
Amazing the amount of people who sell them off cheap because they don't idle well and are due a MOT/service and its winter time.
Mines a mi16, it has some "pace" and a joy to drive.
NB You did not mention new or refined/desirable
If new cars, Yaris or Minis least by value, Porsches/SLK good by %, think they're in the 65/70% after 3 years, you're still lose loads of cash eg if costs £50k, depreciate 35% (£17k) and cost you loads to finance (£9k) over 3 years. Mini Cooper lose around £5k (£3k deprec. £2k finance) after 3 years.
Look at contract hire rates for guide on what cars really cost, they are fairly accurate
#19
As above 964RS. Its hardcore and running costs are likely to be high but its more likely to go up in value than down. I nearly bought one 6 or so years ago but it was really pushing the budget so I got something 'cheaper' which no doubt ended up costing more and now 964RS have gone up £5-£6K........
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I lost not £1 on my E30 M3. I would say the boxter S is gonna hold it's ££ well.
I would say a Range Rover Autobiography or a 7 series BMW would have to be the very worst !
I would say a Range Rover Autobiography or a 7 series BMW would have to be the very worst !
#21
--- "I lost not £1 on my E30 M3. I would say the boxter S is gonna hold it's ££ well. "
New, a Boxster S loses a fair wedge in the first year.. the 2.7 in raw £££ terms loses less.. and less over the years too.
--- "I would say a Range Rover Autobiography or a 7 series BMW would have to be the very worst ![/quote]"
Howabout a S65.. which loses £65,000 in 3 months and 1000 miles.
New, a Boxster S loses a fair wedge in the first year.. the 2.7 in raw £££ terms loses less.. and less over the years too.
--- "I would say a Range Rover Autobiography or a 7 series BMW would have to be the very worst ![/quote]"
Howabout a S65.. which loses £65,000 in 3 months and 1000 miles.
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What about the new Nissan 350z or the even newer soft top version.
My mini cooper S did well, but are starting to fall now.
How bout a mint 60's Merc or something..?
Nige.
My mini cooper S did well, but are starting to fall now.
How bout a mint 60's Merc or something..?
Nige.
#24
All cars depreciate from new and even cars with supposedly good residuals can suddenly depreciate (BMW M3 for instance). Remember even Impreza's used to have brilliant residuals when they first came out in 1994 due to limited numbers being imported.
The best way to avoid this depreciation is to buy something which is at least 3 years old and has done the majority of it's depreciation. Decent, prestige cars get to a certain point where they will barely depreciate any more. If you can get something like an early SLK for £10K or an early Porsche Boxster for £15K then I think you are going to lose very little on these as they will always be worth something.
If I was going to buy a decent car at the moment I would go for an early Boxster and just put a personal plate on it.
The best way to avoid this depreciation is to buy something which is at least 3 years old and has done the majority of it's depreciation. Decent, prestige cars get to a certain point where they will barely depreciate any more. If you can get something like an early SLK for £10K or an early Porsche Boxster for £15K then I think you are going to lose very little on these as they will always be worth something.
If I was going to buy a decent car at the moment I would go for an early Boxster and just put a personal plate on it.
#25
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Caterfields hold value quite well, caters costing a little more than westies though.
NSX...good choice, good running costs compared to the cars it was marketed against (911's etc). Basically at rock bottom prices now (£25K for a good 40K'er) Rare as rocking horse though.
You have a choice of going two routes, go for the very rare or older cars (NSX, early 90's 911's etc) which have already lost their money. Or get something much much newer (2 to 3 years old) and sell it every one to two years, that way you'll shouldn't incurr big service costs, and only loose about £1k on most cars.
NSX...good choice, good running costs compared to the cars it was marketed against (911's etc). Basically at rock bottom prices now (£25K for a good 40K'er) Rare as rocking horse though.
You have a choice of going two routes, go for the very rare or older cars (NSX, early 90's 911's etc) which have already lost their money. Or get something much much newer (2 to 3 years old) and sell it every one to two years, that way you'll shouldn't incurr big service costs, and only loose about £1k on most cars.
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Originally Posted by markys2
Had enough of wasting money on cars, which makes and models will depreciate the least over time, I am after something with a bit of pace.