Cars with low depreciation

Stoke

daveyjp wrote: »

Lowest depreciating cars those which are cheap when new.

Buy a £7k Dacia and after ten years it will still be worth £1500-2000.

Hard to believe Dacia's cost 7 grand. Should be less really.

thescouselander

facade wrote: »

Erm, when you lease, you are funding the depreciation of someone else's car

That's true but so what? If you'd bought the car yourself you'd still be funding the same depreciation if not more as the lease company will have more buying power.

glentoran99

seabass wrote: »

Looking at buying a family car but unsure what to go for. Main critera is its safe and reliable with a decent boot size, dont care much about a fancy brand. Can anyone recommend some good ones to go for. I want the depreciation to be as low as possible. Some options i am considering.

Buy a cheap old car and run it into the ground then repeat.
Buy a new one with low depreciation... if that exists?
Buy a 3 year old one after depreciation starts to slow down.
Just lease a car

2nd Hand Kia come with a 7 year warranty

facade

thescouselander wrote: »

That's true but so what? If you'd bought the car yourself you'd still be funding the same depreciation if not more as the lease company will have more buying power.

The "so what" is in thinking that by leasing the depreciation becomes someone else's problem

Herzlos

If you're looking for cheap-but-reliable motoring, I'd probably be looking at cars around 3 years old, get one in a good condition, look after it and hold onto it as long as you can. You're probably throwing away £1-2k every time you change cars if using dealerships, and then you've got insurance changes and so on. So it's usually best to try and change cars as infrequently as you can.

Mobeer wrote: »

You get to order the car per your own choices, then know just how well its been looked after.

And you generally pay a huge premium for the luxury - generally to the tune of 55% of the cars value over 3 years.

daveyjp wrote: »

Lowest depreciating cars those which are cheap when new.

Exactly this - if you look at depreciation in £ rather than %, the best option is to buy something cheap and hang on it. Would you rather lose 40% of £25k over 3 years, or 60% of £10k over 3 years?

Stoke wrote: »

Hard to believe Dacia's cost 7 grand. Should be less really.

Why? They sell pretty well at prices far above 7 grand. A real bargain for anyone who isn't a badge snob.

System

Mobeer wrote: »

You get to order the car per your own choices, then know just how well its been looked after.

I'd rather have the £16,000 in my pocket I saved by buying my Mondeo at 2 years old instead of new. Plenty of them about so it wasn't hard to find one that was the spec I wanted with one owner, full main dealer service history and mftrs warranty left.

forgotmyname

5 years old, high mileage, you dont run it into the ground you look after it for 5 years or so and sell it for very little loss.

I paid just over £2k for my last car which was 5 years old and high mileage. Ran it for over 5 years and sold it for £800. The person that bought it off me stuck 60k miles on it in 2 years.

Stoke

Herzlos wrote: »

Why? They sell pretty well at prices far above 7 grand. A real bargain for anyone who isn't a badge snob.

I'm not a badge snob, as you'll find out in the Bangernomics thread in a few minutes....


but they are dreadful. Absolutely, !!!!ing dreadful.