When buying a car the amount you pay will never be the same as what you get back when it comes to selling it. The depreciation of a car can often be the highest cost associated with running it, meaning you end up losing a hefty amount of money. In this blog we have picked out some cars that, according to VIP Data, hold their value the best. This list will be very helpful when it comes to buying a new car as the depreciation of some cars is shocking. For example, the Vauxhall Insignia automatic with a 2.0T engine will cost you around £30,500 but after three years, if you want to sell the car, you would get a measly £6,400. This means the car would only be worth 21 per cent of what you originally paid for it, brand new. In a previous blogs we gave tips on buying a new car so here is another thing to think about when purchasing your new vehicle…
Range Rover SUV
The Range Rover SUV boasts the title of Best Luxury Car 2013 and this is all down to its innovative design. The SUV is stylish, sophisticated and comfortable, but most of all it is incredibly practical and perfect for almost anything due to it being a 4×4. Furthermore, as it’s a 4×4 it holds its value better than most other vehicles. The 4.4 litre SDV8 engine holds 62.1 per cent of its value after 3 years and 36,000 miles which is astonishing compared to the Vauxhall Insignia. The car is priced between £75,950 and £146,890 which is a lot of money but at least you won’t be losing as much as with some other cars.
Audi A3 Hatchback
As one of the leading premium brands Audi always boasts quality, class and sophistication. The Audi A3 Hatchback is a similar size as the Ford Focus which is spacious and comfortable. The Audi S3 model has the lowest depreciation at a huge 56.1 per cent of the buying price after three years and 36,000 miles. The Audi S3 is a reliable car with a five-star Euro NCAP crash test rating and 95 per cent in the adult occupant protection category. The car is filled to the brim with advanced safety features to make you feel even safer when driving, and with the prices starting from around £18, 500 to £32,500 it is well worth the money.
Kia Sportage SUV
Winner of Car of the Year 2011 and the Best 4×4 in 2012 this car is both impressive and great value for money. All of the Kia Sportage models keep their value well; at least 50 per cent of the sale price after three years and 36,000 miles. The Kia Sportage that depreciates the least is the 1.7 CRDi EcoDynamics 1 manual which generally retains 55.2 per cent of its price. The SUV costs between £17,500 and £29,505 and is a practical car which is great for the school run.
Audi A1 Hatchback
The Audi A1 is a small luxury vehicle which boasts quality and a great appearance. This car may have a high price tag but that is due to the fact that it keeps its value better than any other car of its size. The car looks slick and slightly sporty, however the best model is the 1.6 litre TDI SE 3 door model which does 74.3mpg and emits only 99g/km CO2. The Audi A1 keeps 55.1 per cent of its price after 3 years and 36,000 miles and costs between £14, 100 and 25, 000.
Volkswagon Up! Hatchback
Retaining 52.6 per cent of its list price, the 1.0 litre 5 door Groove Up! saves you the most money out of all the Volkswagon Up! cars after three years and 36,000 miles. The Up!, Mii and Citigo have been praised due to their great value for money. The Up! is slightly more expensive but it does hold on to its value and is priced at around £8,600 to £13,400.
SEAT Leon Hatchback
The classy SEAT Leon is thought to be one the best cars SEAT have ever made. The base of the car is a Volkswagon Golf and with its added body work it makes a superb car. The best Leon for keeping its value is the 2.0 TDI FR manual which will retain 51.8 per cent of the listing price after 3 years and 36,000 miles.