Best cars for depreciation after three years?
As a pensioner I like to buy new cars from income (personal contract plan) changing every 3 years, which is not the cheapest form of motoring but does not deplete my capital and gives security and peace of mind. My last two cars have been Renault Megane Sports Tourers which I find comfortable, roomy and well equipped.
Depreciation is therefore a major factor in my motoring costs and whilst I do not think I can find the extra resources to buy Mercedes-Benz, BMW or Audi can you suggest a medium sized estate car of similar specification to the Renault which may hold its value rather better over 3 years?
Depreciation is therefore a major factor in my motoring costs and whilst I do not think I can find the extra resources to buy Mercedes-Benz, BMW or Audi can you suggest a medium sized estate car of similar specification to the Renault which may hold its value rather better over 3 years?
Asked on 30 May 2013 by Jack
Answered by
Honest John
In a word, no. There are two sides to this. One is % depreciation from list price, which is generally low for high end cars sold at small discounts and is generally high for mass market cars sold at big discounts. But, of course, the true cost of the car is actual purchase cost minus actual resale cost and that tends to even out the true cost in real money.
Our honest used car pricing is a little bit different to all the others. You can get to our values through make or model - you don’t have to follow a prescribed route. Plus, it’s live, which means we can react to changes in the market quicker than any printed price guide.
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Dear Honest John,
Please help me choose my next car. I would like it to have:
Please help me choose my next car. I would like it to have:
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