Why has my Renault Captur depreciated by 55 per cent in a year?

I have a Renault Captur DCI automatic bought new in June 2016. It now has 9000 miles. The cost was £23,400, Renault advise a trade in value of £10,000. After 12 months this is a devaluation of 55 per cent. Is this realistic and if so have Renault overpriced the car on original sale? Renault say the Captur is a popular model and the most highly rated car in the Honest John survey. If this is the case why does it not hold its value better?

Asked on 6 July 2017 by Peter Whittaker

Answered by Honest John
Basically you paid too much for it. The Captur is a low-end small SUV, originally list priced from £12,495 and currently priced from £15,195. It's never a good idea to go for a top of the range model where base prices are so low. On top of that, I guess you didn't get a discount when the discount on a car like this can be as much as 20 per cent. Now, the only sensible thing to do is to hang on to it for a couple more years and amortize the loss.
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