6 replies to this topic

[mab01uk]

A Glass’s Guide report has revealed that the cars with the best residual value in the UK are from MINI, with first year depreciation running at just 16.4 per cent.

When it comes to buying a car, many of us decide how much we can afford to spend and then go and look for a car that fits our budget. But what we should really be looking at is how the car we want will be worth in the future – its residual value. Glass’s study scrutinised cars at one, three, five and seven years old to obtain fair depreciation figures.

 

According to Glass’s, the MINI depreciated by as little as 16.4 per cent in its first year, the strongest residual values of any of the 34 car manufacturers Glass’s looked at, and even the options added by many buyers saw the residual values higher still.

Glass’s Andrew Jackson said:

So before you jump in to a new car based on its headline price, have a look at the total cost of ownership over the time you have the car – you’ll probably discover a ‘more expensive’ MINI will actually cost you less in the long term than a car with a lower headline price.

"Considering that MINI operates within a classically high-RV-performing segment, combined with the desirable nature of the brand, meant that even for vehicles aged seven years, the percentage of cost new that can be expected from a MINI was appreciably more than any other brand."

 

Read more:

http://www.carsuk.ne...ual-value-mini/

 

Some more figures from Glasses below.

MINI has the lowest depreciation (16.4%) in the first year followed by:-
Land Rovers (17%)
Toyotas (17.5%)
Hondas (17.9%)
VW's (18.3%).

The worst performers for depreciation were:-
Chryslers (26.6%)
Chevrolet (26.3%)
Proton (26.1%)
Alfa Romeo (24.8%)
and Renault (24.7%)

 

 

 

 

 

 

 

 

Edited by mab01uk, 30 April 2014 - 11:19 PM.

[Kam]

Seven years is not old, I have underpants that are older that are as fresh as the day they was first worn and are still holding up (excuse the pun) well now even 14 years down the line

 

You should never be buying a car which has the less depreciation in seven years time, that just isn't tennis, seven years is no target or guide and still new

[Simont]

You should never be buying a car which has the less depreciation in seven years time, that just isn't tennis, seven years is no target or guide and still new

most of the people I work with refuse to have cars older than 5 years old, that isnt how people think anymore, theres so many cars under 10 years old with over 150k that to get low milage you need a new car so in that respect 7 years can be ancient

[(philip)]

10 years is the cut off point for me. Although sooner if I get very bored with it like my current car, a 2010 C-Max which is uber dull.

[Gadgets]

I ran Bini Cooper high spec for 9 years sold it at 11 years old. It was good no rust at all, but the power steering pump/s seat runners, run flat tyres which it ate and its high fuel consumption I felt should of been better.  It was not a cheap car to run and I got a couple of grand at the end. I think it depreaciated £900 a year so not bad and yes i did get something at the end. The parts are probably available from motor factors now but from BMW they were so expensive.  I did not go for another Bini but went for a Golf instead. Whatever way you look at owning a car it drips money out of you especially in the early years, but I have always felt if you keep it long enough 9 or 10 years you feel less pain (until you have to stump up for the new replacement car) It was a good car I can not deny.

[Carlos W]

I bought a 2 year old Mazda 6 with 56k on for 1/3 of its new price.

I've had it 3 years and its now got 86k on, no idea what its worth tho

[Lowlight]

I looked into this a lot last year and ended up buying a MINI Cooper D. I could have got an Astra for £5k less but after the first year the depreciation on the Astra was shocking, after 5 years it'd be worthless. 

 

With the new F56 out now and R56's not being available any more (unless they're already made) I think the residual value of the last R56's will be pretty good - that's another reason I bought one when I did.

 

It's nice when cars appreciate, you've got to wait a while for that though. I've just started looking for a project Mini and apparently you can't pick them up for nothing anymore!!