Depreciation of new cars over 1-2 years

OmegaSupreme

Hi all, first time poster here, hope you can give some help..

I am looking to buy a new car but don't see myself being in the country for much more than a couple of years. Does anyone know where I can find some useful data on how different cars depreciate in the market over this time period? Obviously I don't want to buy something that will lose a lot of its value over that time.

Thanks!

ian103

whatcar.com / parkers.co.uk

jimpix12

Parkers charge money to see a used price, if you want to change options etc.

The best way I find is to look on autotrader in your area for very similar vehicles for sale privately that are 2 yeas old. Trade prices will be 10-20% higher.

One word of advice about new cars, don't go to your high street main dealer, look on broadspeed or buyanewcar and then see what they offer. And of course why not look at nearly new <6 months old as you'll be saving a lot of money that way. I lost almost £30k in value once on a new car over 2 years.. never again!

colino

As you don't have access to dealer info., when you have narrowed down what you want, compare them on a car leasing site (like that mental Ling womans!) and see how the monthly cost varies. With similar cars in a similar price bracket, note the sometimes huge variations in lease costs. That is largely due to depreciation.

OmegaSupreme

Thanks guys. All very helpful. Is there not some resource where I can plug in a few details (make, model, year, etc etc) and it outputs the average depreciation rate from info across the market? I have had a look around online but yet to find anything.

Otherwise, will have to get my calculator out!

daveyjp

Just search dealers for what 1-2 year old cars are advertised for.

For an MSE solution there are plenty of decent motors out there for a few hundred quid which will do you. A 10 year old Nissan Micra for £700 will sell for £700 for the next few years.

Notmyrealname

OmegaSupreme wrote: »

Hi all, first time poster here, hope you can give some help..

I am looking to buy a new car but don't see myself being in the country for much more than a couple of years. Does anyone know where I can find some useful data on how different cars depreciate in the market over this time period? Obviously I don't want to buy something that will lose a lot of its value over that time.

Thanks!

I bought a 2 year old Ford Mondeo TDCi 140 Zetec. I paid £8700 for it. I believe they were just over £20k new.

mikey72

Notmyrealname wrote: »

I bought a 2 year old Ford Mondeo TDCi 140 Zetec. I paid £8700 for it. I believe they were just over £20k new.

But discounted to about 15k when bought new, so that needs to be factored in as well.

Ultrasonic

OmegaSupreme wrote: »

Obviously I don't want to buy something that will lose a lot of its value over that time.

ALL cars will lose a lot of their value over that time.

forgotmyname

Anything new will lose the most. Ex demo or pre registered will save a bit.

6 Months old will save a chunk more. But even more to be saved by buying one over a year old.

After 5 years a £20k car can be bought for £2000 ish..

Well Mondeo's with over 100,000 miles can

Im on my 3rd.

mandm65

Notmyrealname wrote: »

I bought a 2 year old Ford Mondeo TDCi 140 Zetec. I paid £8700 for it. I believe they were just over £20k new.

I am also looking for a 2 year old Mondeo, would it be possible to know that mileage and the source?
Cheers