Vehicle valuation company Cap’s figures have shown that high depreciation and maintenance costs have pushed up the total cost of ownership of used city hatchbacks.
The latest Cap data revealed that the total cost of ownership varied significantly between city runabouts. Cap found that the Suzuki Celerio offered the best value, with monthly running costs starting from just £192, as well as an initial price tag of £6,944.
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According to the Cap data, the three city cars with the highest annual service and maintenance costs are the Peugeot 108, starting from £797, the Citroen C1 starting from £771 and the Vauxhall Viva starting from £725. However, despite the high service and maintenance costs, all three appear among the best overall buys, when looking at total cost of ownership.
Despite the increased total cost of ownership, Cap anticipated that new offers will boost the sector.
Philip Nothard, Cap consumer and retail editor, said: "The good news is that there are very attractive new car offers, with low rate PCP headline figures. For instance, the Suzuki Celerio is just £79 per month over 42-months and the Hyundai i10 offers a 24-month PCP at payments as low as £89 per month. Due to this sector being the lower-cost vehicles, they have been subject to the increased registration through pre-registrations, as they continue to be a popular option for motorists."
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