Forum Home» Motoring

New Car Depreciation

New Post Advanced Search

New Car Depreciation

edited 30 November -1 at 12:00AM in Motoring
7 replies 4.6K views
Nobby_NomatesNobby_Nomates Forumite
108 posts
edited 30 November -1 at 12:00AM in Motoring
We love our new cars in Britain, but the sobering fact is that is, while we tend to keep our new cars longer than ever before, now three years as oppose to two. The downside of this is that the level of depreciation is higher. As you drive away in your nice new shiny car from the dealer’s forecourt, you glance in your mirror, and the salesman has a big cheesy grin on his face.

Is it the fact that he’s met his sales target for the month? Or the fact that you car has just lost a minimum of 50% of it value (when you come back to part exchange it)

The list below indicates the cost of new cars in Britain and the percentage depreciation over three years of ownership, but does not take into account any discount negotiated with the dealer. The list while not exhaustive it includes some of the most popular car purchased in the UK.

A few years ago Britain was dubbed “Treasure Island” by the car manufactures, as we paid the highest prices in Europe. Prices have dropped consistently over the past few years. But last year showed an increase of 3.2%. And we still have the dearest cars in Europe.

The Competition Commission monopoly inquiry into the supply of new cars, found that private car buyers in the UK were paying about 10% too much for the average car, taking account of discounts, trade-ins and finance deals. Only 10% ????

But have they done any thing about it, the simple answer is no………..

There are realistic ways to save money. Car supermarkets offer decent savings on nearly new cars, personal import although daunting to your average punter, offer outstanding savings over the cost of a new car in the UK. The introductions of Pan European warranties have made it a lot easier to import cars. You could buy three year old cars and let someone else take the loss.

Used car dealers usually price there second hand cars over “book price” in order to protect their profit margin, just in case you have the audacity to negotiate a discount.
So bear this in mind. Look for the free vehicle price guide available all over the internet and do your homework first.

Before I go any further, this is not an anti car dealer rant, (far from it). It’s just practical advice, on saving money on your second largest investment.

But at the start of this, I stated we love our new cars in Britain and it’s true. New car sales in the UK have risen constantly over the past five years.

This information has been sourced from all over the internet and from my friend, who has been a car dealer for over twenty years.


Just take a look at what your new car will lose in three years time.....

Superminis

Percentage lost
On-the-road price---Amount lost in 3 years
50% Mini Cooper 1.6
£12,100
£6,025
55% Mazda 2 1.4 Antares
£8,995
£4,910
57% Honda Jazz 1.4 i-DSI SE
£10,363
£5,798
57% MG ZR 105 Plus
£12,495
£7,000
57% Seat Arosa 1.0 S
£6,515
£3,670
57% Toyota Yaris 1.0 VVT-i T3 ---£8,945
£5,080
58% Vauxhall Agila 1.2 Enjoy
£7,995
£4,590
59% Peugeot 206 1.1 S
£9,220
£5,335
60% Seat Ibiza 1.2 S
£8,800
£5,175
60% Volkswagen Polo 1.2 S
£9,005
£5,300
60% Volkswagen Lupo 1.4 S
£8,890
£5,295
61% Renault Clio 1.2 16v
£9,250
£5,585
60% Fiat Panda 1.2 8v Dynamic
£6,895
£4,170
62% Citroën C3 1.4i LX
£9,745
£5,940
63% Nissan Micra 1.2 16v S
£9,000
£5,565
64% Vauxhall Corsa 1.2 Life
£9,740
£6,125
65% Hyundai Getz 1.1 CDX
£8,195
£5,220
65% Peugeot 106 Zen 1.1
£8,200
£5,225
65% Ford Sportka 1.6 8v SE
£11,120
£7,085
65% Citroën C2 1.1i LX
£8,495
£5,420
65% Ford Fusion 1.4
£11,095
£7,090
65% Rover 25 1.4 Si
£10,245
£6,590
65% Ford Ka 1.3 8v Style
£7,495
£4,840
66% Skoda Fabia Comfort 1.2
£8,645
£5,600
66% Fiat Punto 1.2 Activ 8v Sport
£8,095
£5,240
66% Rover Streetwise 1.4 S
£10,340
£6,735
67% Suzuki Wagon R+ 1.3 GL
£7,995
£5,250
67% Ford Fiesta LX 1.25
£9,145
£6,020
67% Daihatsu Charade 1.0 EL
£6,795
£4,480
67% Daewoo Matiz 1.0 SE
£7,995
£5,310
68% Smart Pulse
£8,095
£5,430
70% Rover CityRover 1.4 Select
£7,895
£5,460
74% Suzuki Ignis 1.5 4GRIP
£8,995
£6,510
74% Daihatsu YRV 1.3 4trak
£10,995
£8,010
76% Perodua Kelisa GXi 1.0
£5,595
£4,150
76% Suzuki Alto 1.1 GL
£5,999
£4,484
77% Perodua Kenari EZi 1.0
£7,037
£5,292

Medium Size Cars
Percentage lost
On-the-road price---Amount lost in 3 years

49% BMW 1 Series 116i SE
£17,640
£8,495
54% Volkswagen Beetle 1.6
£12,345
£6,640
55% Mazda 3 1.4 TS
£12,000
£6,695
56% MG ZS 110 Plus
£12,295
£6,990
56% BMW Compact 316ti SE
£18,525
£10,600
59% Volkswagen Golf IV 1.4
£12,633
£7,328
59% Audi A2 1.6 FSi
£14,480
£8,515
59% Seat Cordoba 1.4 S
£10,015
£5,880
60% Mercedes-Benz A Class A140
£13,945
£8,220
60% Audi A3 1.6 FSi
£15,960
£9,455
60% Volkswagen Golf V 1.4 FSib
£13,035
£7,700
61% Honda Civic 1.6i S
£11,500
£6,885
62% Toyota Corolla 1.4 T3
£12,413
£7,568
64% Seat Leon 1.6 16v SX
£12,215
£7,670
64% Fiat Idea 1.4 16v Dynamic
£11,245
£7,070
64% Peugeot 307 SW 1.6 SE
£14,820
£9,335
64% Renault Mègane 1.4 16v
£12,590
£7,935
64% Volkswagen Bora 1.6 SE
£15,235
£9,610
65% Peugeot 307 1.4 S
£12,320
£7,885
66% Subaru Impreza 2.0 WRX 4x4
£20,000
£13,040
66% Alfa Romeo 147 1.6 Twin Spark
£14,450
£9,450
68% Nissan Almera 1.5 SE
£11,400
£7,685
69% Vauxhall Astra 1.4i 16v Life
£11,995
£8,150
70% Rover 45 1.4 Club
£11,995
£8,250
70% Ford Focus LX 5 door 1.4
£12,300
£8,485
70% Fiat Stilo 1.6 16v Dynamic
£12,395
£8,590
71% Chrysler Neon 2.0 LX
£12,705
£8,880
72% Kia Rio 1.3 LX
£7,508
£5,283
72% Citroën Xsara 1.4i Desire
£11,895
£8,440
74% Hyundai Accent 1.3 CDX
£10,495
£7,660
77% Proton Wira 1.5 LXi
£8,804
£6,624


Sports and coupé cars

Percentage lost
On-the-road price
Amount lost in 3 years

47% Mercedes-Benz CLK 200 Elegance
£28,350
£13,160
51% Chrysler Crossfire 3.2 V6
£27,995
£14,115
54% Toyota MR2 1.8 2 door convertible
£17,145
£9,110
56% MG TF 1.8i 135
£17,745
£9,790
56% Audi TT 1.8 T coupÈ quattro
£25,325
£14,025
56% Jaguar XK8 4.2 V8 auto coupÈ
£49,995
£27,835
57% Toyota Celica 1.8VVT-i 3 door coupÈ
£18,145
£10,200
57% Mazda MX-5 1.8i Sport
£18,000
£10,190
58% Ford Streetka 1.6 8v Luxury
£13,960
£7,940
59% Alfa Romeo GT 2.0 JTS
£21,495
£12,525
61% Smart Roadster 700cc convertible
£13,520
£8,145
61% Mercedes-Benz CL Class 500
£71,520
£43,470
63% Hyundai CoupÈ 2.0 SE
£16,495
£10,235
63% Alfa Romeo Spider 2.0 Twin Spark Lusso
£23,510
£14,650
63% Lexus SC430 SC430 auto
£51,095
£32,025
65% Alfa Romeo GTV 2.0 Twin Spark Lusso
£21,800
£14,010
66% Vauxhall VX220 2.0 Turbo Roadster
£26,495
£17,325
As tight as two coats of paint :D

Replies

  • Large Cars

    Percentage lost
    On-the-road price
    Amount lost in 3 years

    49% Mercedes-Benz C Class C180 SE Sports
    £20,990
    £10,160
    55% Jaguar X-Type 2.0 V6 S
    £20,995
    £11,385
    56% Lexus IS200 2.0 V6 SE
    £20,770
    £11,470
    57% Volvo V50 1.8 SE Sportswagon
    £19,613
    £11,023
    58% MG ZT 120 Plus 1.8
    £16,845
    £9,630
    58% BMW 3 series 316i SE
    £20,475
    £11,730
    58% Volvo S60 2.0 T Sport
    £21,845
    £12,515
    59% Mazda 6 1.8 TS
    £14,600
    £8,465
    60% Saab 9 3 1.8i Linear
    £17,995
    £10,635
    62% Honda Accord 2.0 Sport
    £17,513
    £10,703
    64% Audi A4 2.0 FSib
    £20,480
    £12,965
    66% Volkswagen Passat 2.0 SE
    £16,425
    £10,685
    66% Toyota Avensis 1.8 T3-S VVT-i
    £16,095
    £10,480
    67% Skoda Octavia Ambiente 1.6
    £12,080
    £7,945
    67% Skoda Superb Comfort 1.8 20v turbo
    £16,350
    £10,790
    67% Seat Toledo 1.8 20v turbo Sport
    £15,015
    £9,920
    67% Rover 75 1.8 Connoisseur
    £18,695
    £12,380
    68% Vauxhall Vectra 1.8 LS
    £15,525
    £10,410
    69% Subaru Legacy 2.0i S 4X4
    £16,985
    £11,570
    69% Renault Laguna Dynamique 1.8 16v
    £16,315 ----£11,110
    69% Ford Mondeo Zetec 1.8i
    £16,785 ----£11,440
    70% Mitsubishi Carisma 1.6 Classic
    £9,999
    £6,854
    70% Volvo S40 Classic 1.8 SE
    £15,713 ---£10,843
    70% Volvo V40 1.8 SE
    £16,713
    £11,543
    71% Alfa Romeo 156 1.6 Twin Spark Turismo
    £15,560 ----£10,890
    71% Peugeot 407 2.0 SE
    £16,250 ----£11,380
    71% Citroën C5 1.8i 16v VTR
    £15,595 ---£10,930
    72% Hyundai Elantra 2.0 CRTD CDX
    £10,995
    £7,780
    73% Hyundai Sonata 2.0 CDX
    £14,495----£10,425
    74% Kia Magentis 2.0 LE
    £9,008
    £6,508
    74% Nissan Primera 1.8 SX
    £15,250 ----£11,135



    MPV’s

    Percentage lost
    On-the-road price
    Amount lost in 3 years

    55% Seat Alhambra 1.9 TDi
    £18,215
    £9,860
    56% Toyota Previa 2.4 T2 (8 seats)
    £20,150
    £11,115
    56% Chrysler Voyager 2.4 LX
    £21,220
    £11,720
    57% Mercedes-Benz Viano 2.2 CD
    £24,530
    £13,815
    59% Volkswagen Sharan 1.8 turbo Sport
    £22,435
    £13,185
    59% Vauxhall Meriva 1.6 8v Life
    £11,395
    £6,690
    60% Honda Stream 2.0 i-VTEC SE Sport
    £17,013
    £10,043
    60% Renault Grand Scénic 1.6 16v VVT
    £15,910
    £9,405
    60% Volkswagen Touran 1.6 FSi S
    £16,135
    £9,540
    60% Renault Espace Expression 2.0 16v
    £21,325
    £12,635
    62% Mazda MPV 2.3
    £18,600
    £11,370
    62% Toyota Corolla Verso 1.8 T3
    £16,995
    £10,390
    63% Ford Focus C-Max LX 1.6
    £13,690
    £8,475
    63% Citroën C8 2.0i 16v SX
    £20,250
    £12,700
    64% Chrysler PT Cruiser 2.0 Touring Edition ----£14,520
    £9,130
    64% Vauxhall Zafira 1.6 Design
    £15,995
    £10,090
    64% Peugeot 807 2.0 SE
    £20,450
    £12,930
    65% Mercedes-Benz Vaneo 1.6 Family
    £15,510
    £9,920
    65% Nissan Almera Tino 1.8
    £14,000
    £8,955
    65% Toyota Avensis Verso 2.0 VVT-I T Spirit ----£21,023
    £13,503
    66% Daewoo Tacuma 1.6 SX
    £11,995
    £7,755
    66% Mitsubishi Space Star 1.3 Classic
    £9,999
    £6,474
    66% Fiat Doblo 1.2 MPi Dynamic
    £9,995
    £6,550
    67% Kia Carens 1.8 LE
    £11,008
    £7,218
    67% Kia Sedona 2.9 V6 CRDi LE diesel
    £17,008
    £11,233
    68% Hyundai Matrix 1.8 CDX
    £12,195
    £8,135
    68% Hyundai Trajet 2.0 GSi
    £15,495
    £10,375
    68% Ford Galaxy Zetec 2.3i
    £21,115
    £14,195
    68% Mazda Premacy 2.0 GSi
    £14,600
    £9,870
    69% Citroën Xsara Picasso 1.6i
    £13,995
    £9,510
    69% Fiat Multipla 1.6 16v Eleganza
    £15,295
    £10,395
    70% Fiat Ulysse 2.0 16v Eleganza
    £19,895
    £13,765
    73% Mitsubishi Space Wagon 2.4 GDi Equippe
    £17,999
    £12,979

    Off-Roaders

    Percentage lost
    On-the-road price
    Amount lost in 3 years

    51% Volvo XC90 D5 SE AWD
    £33,085
    £16,870
    53% Honda CR-V 2.0i VTEC SE Sport ----£18,213
    £9,493
    54% Mercedes-Benz M Class 350
    £33,070
    £17,700
    56% Toyota Land Cruiser 3.0 D-4D LC3 --£27,850
    £15,435
    56% Lexus RX300 3 litre SE auto
    £33,120
    £18,390
    56% Toyota RAV4 XT3 2.0 VVT-i Auto ---£18,245
    £10,195
    57% Volvo XC70 2.4 D5 SE Lux
    £29,483
    £16,638
    57% BMW X5 3.0i Sport 4x4
    £37,025
    £20,945
    58% Nissan X-Trail 2.0 SE
    £16,995
    £9,695
    59% Jeep Cherokee 3.7 V6 Limited auto --£23,020
    £13,420
    59% Land Rover Range Rover V8 HSE 4.4--£53,995
    £31,695
    60% Volkswagen Touareg 3.2 V6 Sport ---£31,200
    £18,560
    61% Land Rover Freelander 1.8 S
    £18,995
    £11,425
    61% Land Rover Discovery Td5 Landmark---£28,995
    £17,810
    62% Nissan Terrano II 3.0 Di SVE
    £21,395
    £13,100
    65% Mitsubishi Shogun Pinin 2.0 GDi Elegance -£16,599
    £10,709
    66% Isuzu Trooper 3.5 Citation
    £25,905
    £16,935
    66% Audi Allroad 2.7 T quattro
    £34,455
    £22,585
    68% Vauxhall Frontera 2.2 Limited
    £20,300
    £13,640


    Sports and coupé cars

    Percentage lost
    On-the-road price
    Amount lost in 3 years

    47% Mercedes-Benz CLK 200 Elegance
    £28,350
    £13,160
    51% Chrysler Crossfire 3.2 V6
    £27,995
    £14,115
    54% Toyota MR2 1.8 2 door convertible
    £17,145
    £9,110
    56% MG TF 1.8i 135
    £17,745
    £9,790
    56% Audi TT 1.8 T coupÈ quattro
    £25,325
    £14,025
    56% Jaguar XK8 4.2 V8 auto coupÈ
    £49,995
    £27,835
    57% Toyota Celica 1.8VVT-i 3 door coupÈ
    £18,145
    £10,200
    57% Mazda MX-5 1.8i Sport
    £18,000
    £10,190
    58% Ford Streetka 1.6 8v Luxury
    £13,960
    £7,940
    59% Alfa Romeo GT 2.0 JTS
    £21,495
    £12,525
    61% Smart Roadster 700cc convertible
    £13,520
    £8,145
    61% Mercedes-Benz CL Class 500
    £71,520
    £43,470
    63% Hyundai CoupÈ 2.0 SE
    £16,495
    £10,235
    63% Alfa Romeo Spider 2.0 Twin Spark Lusso ---£23,510
    £14,650
    63% Lexus SC430 SC430 auto
    £51,095
    £32,025
    65% Alfa Romeo GTV 2.0 Twin Spark Lusso
    £21,800
    £14,010
    66% Vauxhall VX220 2.0 Turbo Roadster
    £26,495
    £17,325
    As tight as two coats of paint :D
  • BrearBrear Forumite
    5 posts
    This is esp bad with the two new car releases a year..... were gettin stung twice as hard now as we used to be...... what can we do though?? Nothing will ever change as we need cars so have to buy them.....

    Its like fuel charges, they can hold us to ransom......
  • jeppyjeppy Forumite
    3.4K posts
    Part of the Furniture 1,000 Posts Combo Breaker
    ✭✭✭✭
    Happy birthday, my oh is 46 today too
    ACII and Chartered so now I can focus on learning to play my beautiful Sax. 🎷
  • WigWig Forumite
    14.1K posts
    ✭✭✭✭✭
    Guess that's why I always buy a 2 -3 year old car from auction :D

    If you do this you can sell them after a year (or 2 if you're lucky) for the same price you bought it for!
  • Murphy_The_CatMurphy_The_Cat Forumite
    20.8K posts
    Part of the Furniture 10,000 Posts
    ✭✭✭✭✭
    But it didn't stop me buying the car of my dreams - a car that gives me enormous pleasure every time I get into it, and every time I come back to it.

    Life isn't always about £'s and pence otherwise it would be very dull - sometimes you need to say what the hell, get your finger out and just do it.

    MTC HissyClaw.gifMTCEnglish.gif


  • AstarothAstaroth Forumite
    5.4K posts
    ✭✭✭✭
    The other consideration that has been missed off is how often a new model is released which is getting shorter and shorter. For the majority of vehicles no matter which is the better looking model people will ultimately want the latest styling/ spec and so as soon as the new model comes out you take another big hit on the resell value of your car.
    All posts made are simply my own opinions and are neither professional advice nor the opinions of my employers
    No Advertising or Links in Signatures by Site Rules - MSE Forum Team 2
  • vansboyvansboy Forumite
    6.5K posts
    Part of the Furniture 1,000 Posts
    ✭✭✭✭
    MINI is a good example of how inaccurate the figures quoted above can be!!

    Usually (& I'll guess these number crunchers did it the same way) work from list price new & industry price guides when sold on. Both of which are quite often way out in real world situstions!

    MINI is EXPERCTED to be loaded with add-ons to form part of the owners MINI 'adventure' so will therefore increase the actual cost price. This won't substantially be re-couped on salling later.

    It isn't too easy to get much in the way of a discount on them either!

    VB
This discussion has been closed.

Quick links

Essential Money | Who & Where are you? | Work & Benefits | Household and travel | Shopping & Freebies | About MSE | The MoneySavers Arms | Covid-19 & Coronavirus Support