James Wilkinson, co-director of internet-based
broker Car Loan 4U has said recent lists of the best and worst cars
for holding value might prompt consumers to consider car
finance.
The lists, based on research by used vehicle
valuation body CAP, and
compiled by Auto Express, have revealed which cars hold their
value best over time, and which depreciate the most rapidly.
Go deeper with GlobalData
The research, over 40,000 models, prices,
percentages and predictions, looked at how cars retained their
value from new, or after 30,000 miles within three years.
Wilkinson,
whose co-director Ryan Dignan has written of the benefits of
statistical information in the industry, said the RV figures
emphasised the need for consumers “to review the level of
depreciation before purchasing a new car to ensure they get the
best resale value.
“Anyone looking to buy a new vehicle might
want to consider cheap car finance.”
The great and
not-so-great
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By GlobalDataThe £80,000 Porsche 911 Carrera Cabriolet
fared best, projected to lose just 45% of its showroom value over a
three-year period.
The MINI Roadster Cooper SD fares almost as
well and is predicted to retain 55% of its value over three years,
whilst the Ferrari 458 Italia came in third place keeping 53.6% of
its value in the same period.
Speaking to Motor Finance in August, Joe Pattinson,
marketing manager of BMW Financial Services, captive finance
partner to Mini, said the “great” residual values on a Mini had
made the brand more affordable in the eyes of customers who were
more often looking to downsize.
Meanwhile, the Volvo S80 is the biggest
depreciator; it is projected to retain less than 20% of its
original value. The bottom ten also features three saloon models-
the Proton Gen-2 Persona saloon 1.6 Auto, Citroen C5 saloon 1.6i
THP VTR+ Nav and Jaguar XJ Saloon 5.0 V8.
